Gold and equities both had an interesting week with former rising and the latter diving, giving rise to much speculation on the future of the gold price. We look at some of the factors involved and assess where gold may go from here.
Despite the ‘project fear’ machinery working at full tilt in the media over Brexit … seen through the eyes of gold’s price behaviour, it seems your average Brit is not greatly troubled by current politics.
After a day's market closure for the George Bush senior funeral. U.S. equities followed Asian and European markets down in a steep decline. Bitcoin continued to fall and palladium lost most of its recent gains. Are these the trigger...
Holdings in global gold-backed ETFs and similar products rose in November by 21.2 tonnes(t) to 2,365t, equivalent to US$804mn in inflows, marking the second consecutive month of net inflows. Global gold-backed ETF flows are now positive...
The latest figures for monthly gold withdrawals out of China's SGE see the third month in a row where these have come in a little lower than in 2017, but the cumulative year to date figure is still slightly up on a year ago.
With the Dow falling around 800 points yesterday and the palladium price moving above that of gold today, we are indeed in interesting financial times!
The gold price looks as though it may be nearing the $1,250 level again as the year-end approaches. With equities having another grim day and a nervous dollar, things could be set for precious metals to run even higher going forward into...
Equities markets are nervous. Bitcoin has been plunging. But so far precious metals, with the exception of palladium, have been muted in their response and have remained pretty well rangebound.
The price of palladium with its current strong supply/demand fundamentals looks as if it may shortly surpass that of gold which is seeing a current lacklustre performance
The end of the Thanksgiving holiday in the U.S. saw equities continue to fall and bitcoin crash further. Gold remained relatively steady despite what looks to be an overvalued dollar
Q3 Australian mined gold output was marginally down on Q3 2017 according to specialist consultancy Surbiton Associates, but the year to date figure is still around 6 tonnes higher than a year ago.
Equities and bitcoin continued to tank on Tuesday leading to a more positive gold price tone. we suspect gold price performance will much depend on U.S. equity performance and the Fed's interest rate raising programme.
All the major markets, and the dollar, have been trending downwards today with the exception of gold and platinum. We are not surprised for these moves, but what do they portend?
Indonesia plans to restrict the sale of a 10.6 percent stake in the local unit of Freeport-McMoRan, the world's biggest publicly traded copper producer, to local investors, the Jakarta Globe reported. The Elizabeth, New Jersey, company...
The livelihoods of thousands of former gold miners with painful, chronic and fatal lung diseases are at stake as what’s been deemed the “trial of the decade” opened Monday in Johannesburg. Ex-miners -- whose careers began as early as the...
Indonesia said it is cutting fuel and electricity prices, providing farmers a safety net and making wage increases more predictable in a third round of measures to boost an economy hit by China's slowdown and falling commodity prices.
Dense but highly malleable, rare but also critical, platinum is one of the world’s purest precious metals. Used in jewelry, pacemakers, automobiles and dentistry equipment, it is as utilitarian as it is subtly elegant, and yet its value...
PANAJI, India -- Gold prices could rise above $1,200 an ounce in the next few months as fears of a currency war after the devaluation of the yuan make equity markets choppy, boosting the buying of physical gold and related...
The United States will deliver eight F-16 fighter jets to Egypt in an effort to help the country fight extremism and to bolster security in the region, according to a statement on Thursday from the U.S. Embassy in Cairo. The aircraft are...
Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest...
A Texas bill is bringing the Lone Star State's gold back inside its borders, but the decision presents many logistical problems, the Associated Press reported Saturday. Signed into law earlier in June, the new law requires Texas'...
International corporations are sourcing gold from child laborers working in unlicensed mines in Ghana, finds a new report from Human Rights Watch. Most are between the ages of 15 and 17, but researchers interviewed one boy as young as 9.
What would you call a metal when it behaves as a hedge against currency or withstand price controls. It is bad news for some while it is good news for others.
The uncertainty over Greek exit is waning. The Fed had already given hints that a rate hike is unlikely next week. US durable goods order data which will be released today can to give further direction to the prices.
Gold stored in temples, though have commercial value, is treated as having devotional value, as devotees donate the yellow metal in praise of the deity they adore. Therefore, parting away the gold to a government scheme for interest...
On a cumulative annual basis, trade deficit widened marginally in FY15 to $140 bn from $137 bn in FY14. Gold imports rose in FY15 to the tune of 16.8%.
As the diamond industry shifted from West to East, the finance industry followed suit to provide the liquidity necessary for the trade to operate efficiently.
Nearly 80 percent of American companies are failing to adequately check their supply chain for “conflict minerals,” which are sourced from war-torn regions in Central Africa, according to a new report by Amnesty International and Global...
Gold exchange traded funds (ETFs) posted 4.46% decline or 21,742 folio closure to end at 4.66 lakh folios. The retail segment saw closure of 20,265 folios in the latest quarter as investors shied away from the category due to subdued...
Among the key points discussed were the $18 billion of non-oil trade between the U.A.E. and Sub Saharan Africa; The U.A.E. and rsquo;s membership of the African Union; and the growing diamond trade.
Physical buying in the world's top two gold consuming countries is expected to rise. A spate of manufacturing data from all the world and rsquo;s major economies next week as well as the key Hindu festival of Akshaya Tritiya in India on...
Indians buy gold with an emotional touch and purchase the yellow metal in the physical form. On the Occasion of Akshaya Tritiya one question that needs attention is whether Gold still remains an asset class.
It’s called the London gold fix: the widely followed daily process by which a handful of financial giants set prices of precious metals for global markets. Now, some of the biggest banks in the world have come under scrutiny for...
U.S. officials are investigating at least 10 major banks that allegedly rigged prices of precious metals, The Wall Street Journal reported Monday. Previously, a similar probe by British and German regulators was dropped for lack of...
About 20 travelers at Los Angeles International Airport fled through the emergency doors of Terminal 2 and out onto the tarmac Monday after someone in the gate area falsely spread news about an armed man on the loose, authorities said....
A rare 100-carat emerald-cut white diamond will be auctioned in New York on April 21 and Sotheby’s estimates that the pre-sale price of the stone is between $19 million and $25 million, the Associated Press reported. According to...
ZURICH (Reuters) - Swiss voters overwhelmingly rejected proposals on Sunday to boost gold reserves and impose strict new curbs on immigration, averting a potential nightmare for policymakers struggling with a popular backlash against the...
(Reuters) - India is likely to announce measures to curb gold imports as early as Tuesday, a senior finance ministry source said, as a surge in inbound shipments threatens to worsen the country's trade deficit. "We are working on it. The...
(Reuters) - Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves,...
BENGHAZI Libya (Reuters) - Libya's army urged residents to evacuate a central district of Benghazi that is home to its seaport, a spokesman said on Sunday, as it prepares a military operation against Islamists in the country's...
As a Western-educated former World Bank economist, Afghanistan's new president was elected partly on the hope that he can help resurrect the war-torn country's feeble economy.
Critics are calling on European policymakers to impose tougher rules to limit the import of conflict minerals, using their American counterparts as an example. “There’s good reason to believe European companies are profiting from mineral...
Freelance miners working for Minero SA of Colombia knew of the dangers of working in El Comal, a gold mining area in northern Nicaragua, the Associated Press reported. However, the miners, 26 of whom became trapped in the mine Thursday...
More than a decade ago, the world was outraged when the Taliban destroyed two massive Buddha statues in Afghanistan’s Bamiyan Valley in a vendetta against all non-Islamic art. Today, an even larger and older collection of artifacts is...
Gold prices will reach $1,400 an ounce, the highest price since last September, by the end of the year, according to USAGOLD Centennial Precious Metals Inc.