Bloomberg It doesn’t seem to matter anymore whether global stocks are rising or falling — investors just keep snapping up more gold. Holdings in gold-backed exchange-traded funds surged by 55 tons in the previous three days, accounting for almost a third of year-to-date inflows, according to a preliminary tally by Bloomberg. As a haven asset, demand for gold tends to ...

Bloomberg The Bank of Russia said it would begin selling foreign currency ahead of schedule after the rout in oil prices made the ruble the worst-performing currency in the world. The move is aimed at “increasing the predictability of the actions of the monetary authorities and reducing volatility on financial markets amid significant changes in the world oil market,” according ...

Bloomberg Taiwan’s central bank disclosed its outstanding position in foreign-exchange swap trading, a rare move aimed at answering calls for improved transparency. The bank’s outstanding position in foreign-exchange swap trading was $99.1 billion at the end of February, the central bank’s Governor Yang Chin-long wrote in a report prepared for legislators. The central bank purchased a net $5.5 billion in ...