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Gold ends lower, while palladium marks highest finish since 2014

Jun 13 2017 Gold prices ended lower Monday, stretching their streak of declines to a fourth session as this week’s focus now turns squarely on the Federal Reserve.Palladium futures, meanwhile, marked their highest finish since September of 2014, buoyed by tight supplies.August gold GCQ7, -0.21% fell $2.50,...

Bullion reverses 2016 dip as jittery investors flock back to asset class

Jun 12 2017 Nervousness in markets often prompts investors to consider allocating to gold and precious metals or increasing their existing exposure.There is good reason for this as these assets often act as safe havens, meaning they can help to diversify a portfolio of bonds and equities. This year has see...

Gold, silver prices slip on upbeat US data

Jun 01 2017 Gold and silver prices were lower in early trade on Friday on account of subdued demand of precious metals from jewellers, retailers and industries. MCX Gold was trading 0.17 per cent, or Rs 48, down at Rs 28,604 per 10 gram at 10.35 am (IST), while MCX Silver was down 0.43 per cent, or Rs 17...

London Bullion Market Association launches code of conduct for precious metals markets

May 25 2017 The London Bullion Market Association (LBMA) is launching a code of conduct aimed at boosting confidence in the $5 trillion a year London gold market, it said on Thursday, following years of heightened regulatory scrutiny of the city's financial sector.The guidelines set out best practice in et...

What Gold Can Tell You About Oil Prices

Mar 30 2017 It’s human nature to pay close attention to market indicators when they seem to be working and show neglect or indifference when they’re not. That is not, however, necessarily the way to buy low and sell high.Take the WTI crude oil to gold ratio. This is one of the oldest indicators in the mark...

Shandong Gold Says It May Have Found China's Biggest Gold Mine

Mar 28 2017 Shandong Gold Group Co., China’s No. 2 producer by output, said it discovered deposits in eastern China that could be the nation’s largest discovery as it pushes to add reserves.The Xiling mine in Shandong province told local authorities it had found 382.58 tons of gold reserves and that the vo...

Gold falls as USD rises

Jan 19 2017 Gold retreated on Wednesday from the previous day's eight-week high as data showing the biggest pick-up in U.S. consumer prices in 2-1/2 years lifted the dollar and US Treasury yields.Moves were muted however as the markets awaited a speech by Federal Reserve chair Janet Yellen later in the ses...

Gold price fight back cut short by US data

Oct 05 2016 On Wednesday gold failed to stage a comeback after yesterday's crash through the $1,300 an ounce level to its lowest since June.In early trade December futures trading on the Comex market in New York exchanged hands at $1,269.40 an ounce, flat compared to yesterday's close.After an early climb ...

Forget gold, silver ETFs log ugliest drop in about 2 years

Oct 04 2016 Gold got bludgeoned on Tuesday. But its sister metal, silver, saw an even more severe fall on a percentage basis. December silver SIZ6, +0.65% plunged to settle 5.3% lower Tuesday, marking its worst one-day drop since Jan. 29, 2015, according to Dow Jones data, and pushing the white metal to it...

Gold Weakens as Market Weighs European Banking Woes, Fed Rate Expectations

Sep 30 2016 Gold prices fell on Friday, after shuffling between gains and losses as investors weighed concern about Europe’s banking woes against heightened expectations of a Fed rate increase in December.Gold for December delivery closed down 0.7% at $1,317.10 a troy ounce on the Comex division of the New...

When this indicator moves, the gold price tends to follow

Sep 23 2016 If you think you know where real US interest rates are heading, perhaps you should consider becoming a gold trader.As this chart from Vivek Dhar, a mining and energy commodities analyst at the Commonwealth Bank shows, where one goes, the other tends to follow. For clarity, real 10-year US note ...

Gold, Silver Soar As Weak Service-Sector Dims Rate-Hike Odds

Sep 06 2016 What a difference a week makes.Gold, silver and precious metal mining stocks are staging a staggering rebound in the wake of a lackluster jobs report last week and this morning’s downright abysmal reading on the service sector of the U.S. economy.A week ago, the VanEck Vectors Gold Miners ETF (...

Gold and Dollars Both Have a Future — But Gold’s Future is Brighter

Aug 25 2016 My Life as a Gold BugBy Bill Bonner in Baltimore, Maryland, USMr James Surowiecki wrote a wise and moronic piece on gold in the New Yorker. His wisdom is centred on the insight that neither gold, nor paper money, is true wealth, but only relative measures, subject to adjustment.‘Gold or not, we...

Gold, already on its way up, may head even higher: Technician

Apr 26 2016 Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold ...

Here's Why Gold Prices Are Booming

Apr 11 2016 The price of gold could go up above $3,000 per troy ounce in three years, a precious metals expert said on Monday. Speaking at the Dubai Precious Metals Conference, Dr. Diego Parrilla, co-author of 'The Energy World is Flat,' said"a perfect storm for gold is brewing" as central banks have reach...

What You Need to Know About Buying Gold Coins

Feb 25 2016 Gold prices are up about 15 percent in 2016 on economic turmoil, making the metal one of the strongest market performers this year. Those gains have some analysts convinced that gold may have some staying power. It has been more than four years since gold peaked at more than $1,900 an ounce, a...

Marc Faber: This Is Why Everyone Needs to Own Gold and Silver

Feb 23 2016 In a negative interest rate environment, zero-yielding gold and silver become a high-yield asset, according to perma-bear investor Marc Faber.“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, publisher of The Gloom, Boom & Doom Repo...

Gold bugs predict $US2,000-plus prices

Feb 17 2016 Gold prices have dipped today as markets rebound, but this year the precious metal has seen a meteoric rise."In US dollar terms the gold price is up around 15 per cent, currently trading around [the] $US1,250 an ounce mark," said Jordan Eliseo, the chief economist at ABC Bullion."In Australian ...

Gold is the bright spot in commodities rout but 2016 forecasts are divided

Jan 15 2016 Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it caused in European and US markets.After touching an all-time nominal high of more than $1,900 an ounce in 2011, gold values have generally declined. Since 20...

US Mint's silver coin sales hit record in 2015, gold sales up 53%

Jan 01 2016 NEW YORK – The US Mint sold a record amount of American Eagle silver bullion coins and saw sales of its gold coins rise by 53% this year, it said on Thursday, as weak metal prices unleashed a fresh wave of buying by investors and collectors. Sales of American Eagle gold coins hit 801 500 oz, w...

PRECIOUS-Gold sinks 10 pct for third annual loss; tough year ahead

Dec 31 2015 LONDON, Dec 31 Gold was steady on Thursday, ending the year down 10 percent for its third straight annual decline, ahead of another potentially challenging year in 2016 amid the prospect of higher U.S. interest rates and a robust dollar.Largely influenced by U.S. monetary policy and dollar flow...

Gold eases to US$1068 an ounce in New York

Dec 29 2015 Overnight gold eased, with the February delivery contract off 0.7% to US$1068 an ounce in New York.Providing insulation for many global producers outside of the U.S. has been the rise in the U.S. dollar.With the current foreign exchange rate of AUD / USD 0.725, this prices the yellow metal at A...

Gold nugget worth $3.7 million used in cricket games by NSW Treasury

Dec 17 2015 A 10.7 kg gold nugget, about the size of a loaf of bread, has been discovered inside a box used by NSW Treasury officials as a wicket for their indoor cricket games.Known as the Maitland Bar gold nugget, it was discovered in 1887 and purchased by the NSW Department of Mines that same year. "Som...

Gold falls on jobs data

Dec 08 2015 Gold has fallen more than one per cent from the prior session's three-week high, after the US dollar gained from Friday's upbeat US jobs data that reinforced expectations the Federal Reserve will raise interest rates next week. A short-covering rally initially swept bullion after the data o...

Gold goes quiet as bears take breather after drop to 5-year low

Nov 25 2015 New York: After gold’s punishing drop to a five-year low, bears are finally giving the metal a break.Signs of the quieting market were evident as a measure of swings for futures slumped on Friday to the lowest in three weeks. Investors are taking a breather after coming down hard on bullion for...

Some Surprising Realities About Gold

Nov 21 2015 What is so special about this metal that makes it so valuable? Can anything happen to make gold become worthless? Why does it have such a power over people?Read these interesting facst to learn more about gold right now.-Gold on Earth came from colliding dead stars.It’s collision of neutron sta...

Gold, Silver Hit Lows After Inflation Data

Nov 17 2015 Precious metals declined on Tuesday after a report showed U.S. inflation increased in October for the first time in three months. Gold dropped to a more than 5.7-year low and silver finished at an almost 12-week low. Platinum and palladium also posted losses.Gold for December delivery fell $15,...

Singapore growing as precious metals trading hub

Nov 17 2015 SINGAPORE:Of all the gold and silver stored by bullion retailer Silver Bullion, about 90 per cent is owned by foreigners. Silver Bullion said Singapore is seen by overseas buyers as a secure jurisdiction for storing their precious metals.On top of strong global demand, it said growth in the dom...

Government cuts import tariff value on gold & silver

Nov 13 2015 NEW DELHI: Government today slashed import tariff value on gold and silver to $ 354 per 10 grams and $ 470 per kg respectively, tracking weakness in global markets. For the last fortnight, the tariff value on imported gold was fixed at $ 373 per 10 grams and on silver it was $ 517 per kg. The i...

Gold, silver slips on reduced offtake

Oct 29 2015 Gold prices slipped at the bullion market here today on reduced offtake from stockist and investors amid subdued local buying interest. Silver also declined following speculative selling and lackustre industrial demand. Standard gold (99.5 purity) dipped by Rs 175 to finish at Rs 26,675 per 10 ...

Cleaning up the precious metals industry

Oct 28 2015 UvA researchers have discovered a new material that can catalyse the decomposition of cyanide ions in process waste streams. The catalyst has been patented and attracts interest from industry. Germany's oldest gold and silver refining company Heimerle + Meule is now examining the possibilities ...

Gold, Silver Fall on Week; US Bullion Demand Weakens

Oct 24 2015 Most precious metals futures declined on Friday, and they all dropped on the week — gold’s first weekly loss in three weeks and silver’s first in four.On Friday, gold for December delivery shed $3.30, or 0.3%, to settle at $1,162.80 an ounce on the Comex division of the New York Mercantile Exch...

Gold price slips on US rate expectations

Oct 16 2015 Gold prices were lower on the London spot market on Friday, as investors booked profit on concerns that the Federal Reserve could raise US interest rates later this year. Spot gold was down 0.5 per cent at $US1,176.75 a troy ounce in morning European trade. Gold's decline comes after the precio...

GOLD PRICE MOVEMENT SUGGESTS FED RATE RISE IN 2016

Oct 15 2015 Gold prices have held a 4-day long higher run following a powerful performance since mid-September on anticipation that the U.S. Federal Reserve would postpone its plans of increasing rates prior to the year-end. Experts are currently forecasting additional strength within the precious metal as...

Rare Platinum Discount to Gold Inspires Bulls Seeing Slump's End

Oct 15 2015 Despite all the bad news for platinum in 2015, one indicator shows the metal’s worst slump in four years may be over. It’s never been so cheap relative to gold.The price of platinum used in auto catalysts and jewelry spent most of the past decade trading at a premium to the yellow metal, averag...

Gold price move points to Fed rate hike in 2016

Oct 15 2015 Gold prices have staged a four-day rally after having enjoyed a strong run since mid-September on expectations that the U.S. Federal Reserve would hold off on raising rates before the end of the year. Analysts are now predicting further strength in the yellow metal as demand for physical gold ...

Royal Mint to sell 1kg gold bars

Oct 07 2015 The Royal Mint is offering “serious investors” with around £25,000 to spare the chance to buy a fine gold bar weighing one kilogram.The new gold bars have been produced to mark the first anniversary of a bullion trading website launched by the Mint last year, which aims to make it easier for pe...

Two things holding back gold price gone soon

Oct 07 2015 On Wednesday, gold drifted lower again after bouncing off the $1,150 an ounce resistance level it has been unable to breach convincingly since mid-July.In late afternoon dealings on the Comex market in New York, gold futures with December delivery dates were trading at $1,145.60 an ounce, still...

Gold Prices at One-Month High as Traders Seek Haven From Falling Stocks

Sep 24 2015 Gold prices rallied to their highest level in a month on Thursday as losses in U.S. stocks and weaker economic data pushed some investors to buy the metal as a haven.The most actively traded contract, for December delivery, rose $22.30, or 2%, to settle at $1,153.80 a troy ounce on the Comex di...

Gold prices gain in Asia as China CPI rise noted

Sep 09 2015 Investing.com - Gold prices gained in Asia on Thursday with regional data sets noted, particularly a rise in consumer prices in China.In China consumer prices rose 0.5%, higher than the 0.4% gain seen in August and producer prices fell 5.9%, ore than the expected drop of 5.5% year-on-year.Earli...

Swiss investigate gold price fixing

Sep 07 2015 GOLD PRICES slipped in quiet trade in London on Monday, retreating near the lowest levels since mid-August at $1119 per ounce as European stockmarkets held flat, ignoring another sharp drop in Asian equities.   New data overnight showed China's People Bank growing its gold bullion reserves ag...

Gold Prices Fall as Traders Focus on U.S. Monetary Policy

Aug 31 2015 Gold prices retreated Monday as investors continued to recalibrate views on U.S. interest rates following recent comments from Federal Reserve policy makers.The most actively traded contract, for December delivery, fell $1.50, or 0.1%, to settle at $1,132.50 a troy ounce on the Comex division o...

South African stocks retreat, gold producers under pressure

Aug 26 2015 JOHANNESBURG, Aug 26 (Reuters) – South African stocks ended lower on Wednesday, led by gold producers as precious metal prices tumbled with bullion slipping to its weakest level in a week. AngloGold Ashanti dropped 5.8 percent to 96.84 rand, Gold Fields slumped 8.4 percent to 36.99 rand a...

Buying of November gold puts heats up on China shares

Aug 25 2015 NEW YORK, Aug 25 (Reuters) – Investors bought $768.1 million worth of three gold put options for November expiry this week, as they protected their positions against a possible further drop in prices after turmoil in the Chinese stock market. On Monday, "aggressive buyers" bought November gold ...

Gold price falls despite haven status

Aug 25 2015 Gold prices have slipped as sharp declines in stocks forced some investors to sell profitable gold wagers to meet loan losses. The most actively traded contract, for December delivery, fell $US6, or 0.5 per cent, to settle at $US1,153.60 a troy ounce on the Comex division of the New York Mercan...

Gold bullish as global stocks slump

Aug 24 2015 For some time now there has been an element of the financial forecasting community which has been preaching a global stock market crash ahead.The recent sea of red across stock exchanges around the world – and in the West in the Dow in particular – is bringing fear amongst investors that yet ag...

Gold price lifts near 3-week high

Aug 18 2015 Gold's value as an alternative currency has re-emerged since the devaluation of China's currency as panicky investors have sought refuge in the precious metal, pushing it to near a three-week high. The firming up of gold prices has prompted more bullish short-term bets on gold, though long-term...

Gold / Silver / Copper futures - weekly outlook: July 27 - 31

Jul 26 2015 Investing.com - Gold futures sank to the lowest level in more than five years on Friday, as ongoing expectations that the Federal Reserve will hike interest rates at its September policy meeting weighed.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange h...

Gold Slips Amid the China Meltdown. So Far

Jul 10 2015 Gold has slipped during Shanghai's stockmarket meltdown. What if China starts selling...?   SO AFTER asking this same question repeatedly for the last 3 years, it looks like – at last – we're starting to find out, writes Adrian Ash at BullionVault... What happens to gold and silver price...

Gold falls despite Greece uncertainty

Jul 01 2015 Gold prices have fallen as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the US dollar, and as investors remain wary over the metal's longer-term prospects.The chairman of the Eurogroup said it was too late to extend Greece's ex...

Europeans Rush to Gold Coins as Bank of Greece Stops Sales

Jun 29 2015 European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro.Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an e-mailed statement. CoinInvest.com, an online r...

Top 7 Warren Buffett Quotes on Gold Investing

Jun 24 2015 Warren Buffett, the Oracle of Omaha, is one of the most famous investors of all time. The billionaire has made so much money he hardly knows what to do with it, although he has decided that after his passing he would like a sizable portion of his earnings to be dedicated to charity. Still, for ...

Sovereign Gold Bonds Coming Soon: 10 Facts

Jun 20 2015 The Indian government is planning to come out with sovereign bonds linked to the price of gold in an effort to reduce import of the precious metal. India consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on its import bill after oil. Th...

Gold Prices End at 11-Week Low After Upbeat Jobs Data

Jun 05 2015 Gold fell to its lowest level in nearly three months after stronger-than-expected U.S. employment data reanimated speculation that the Federal Reserve would soon raise interest rates. The most actively traded contract, for August delivery, fell $7.10, or 0.6%, to settle at $1,168.10 a troy ounc...

Why Most Pundits are Dead Wrong About China’s Gold

Jun 04 2015 One of the most persistent story lines among ‘gold bugs’ and market participants who foresee the collapse of the US dollar goes something like this… China and many other emerging markets are looking for a way out of the global fiat currency system. The US dollar dominates that system today. ...

How Gold Became the Forgotten Commodity

May 22 2015 For more than a decade at the start of the new millennium, gold's performance overshadowed the positive returns from stocks, with the yellow metal's price climbing more than 600% from its low in 2000 to above $1,900 per ounce in late 2011. Yet over the past three years, stocks have reasserted t...

Gold Slides, Snapping Win Streak: A surge in the U.S. dollar pressures gold prices

May 19 2015 Gold prices fell Tuesday, with their five-session rally brought down by a surge in the U.S. dollar.Gold for June delivery, the most actively traded contract, closed down 1.7% at $1,206.70 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices had gained 3.8% over the pre...
 
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