Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors.
Before trading, please ensure that you fully understand the risks involved
Before trading, please ensure that you fully understand the risks involved
Trading in financial markets involves significant risk of loss which can exceed deposits and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved
Sunday, June 27, 2021
Khaleej Times - Dubai: New Basel III rules to dictate gold prices this week
Vijay Valecha, Special to Khaleej Times June 27, 2021
The Basel III rules, which will come into effect on June 28, will dictate the gold prices this week, say analysts.
Under the Basel III rules, allocated gold will become a zero-risk asset for European banks while unallocated/paper gold will be considered risky and banks will need to collateralise 85 per cent of the value with cash.
Source:
Khaleej Times