Gold prices will decline in 2014

Note: This section contains information in English only.
Source: Bloomberg
According to the report of Goldman Sachs Group Inc., gold prices will decrease in 2014, as the U.S. economy improves and global perspectives are positive. Moreover, the Fed will probably start tapering the next week, putting more pressure on gold quotes. Prices on the precious metal have already lost 18% this year, while they were in up-trend for the previous 12 years since 2001.
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Wed, 11 Sep 2013 12:48:03 GMT

Manufacturing sector expands in South Africa

The manufacturing industry in South Africa surged 5.4% in July of this year, while the factory output added 0.5%. Economists expected the output to advance 1.6%. Manufacturing progress can be explained by the shrinking exchange rate of the rand, which boosted exporters' revenues. This year the national currency of South Africa has already lost 15% against U.S. dollar.

Wed, 11 Sep 2013 13:31:04 GMT

Sweden faces record mortgage debt

Swedish analysts point out that it is necessary for Swedes to amortize household mortgages to protect themselves from increasing debt amounts. Housing prices have already doubled since the beginning of the century and now it takes on average 140 years to fully repay a mortgage. Moreover, only 40% of borrowers for a house purchase in Sweden are able to pay

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