Around the world, central banks and supranational organizations – such as the International Monetary Fund and the Bank of International Settlements – currently hold nearly 34,000 tonnes of gold as reserve assets, the World Gold Council reported in a market primer on Thursday.
News ID: 8904 Publish Date : 2020/03/27
A South African refinery has stopped shipping gold to London because of a lack of commercial flights, adding to the disruption that’s upending the physical bullion market.
News ID: 8900 Publish Date : 2020/03/26
The London Bullion Market Association (LBMA) said on Friday there was more than enough gold refining capacity in the world to meet demand and that refiners, shippers and banks were working to make sure metal could be transported.
News ID: 8895 Publish Date : 2020/03/28
Gold suppliers are in talks to use chartered or cargo flights to transport the precious metal, which usually moves around the world in commercial planes and has been left stranded as global travel grinds to a halt.
News ID: 8887 Publish Date : 2020/03/28
A research paper published in Physical Review Letters reveals that gold can stand up to the strain of the next-generation data processing in electronic devices.
News ID: 8884 Publish Date : 2020/03/30
Holdings of gold by exchange-traded funds jumped by a “huge” amount Thursday – 2.6 million ounces, and inflows may well continue, said BMOCapital Markets.
News ID: 8792 Publish Date : 2020/03/20
Gold pared early losses after Labor Department data Thursday said that initial weekly U.S. jobless claims soared by 70,000 to a seasonally adjusted 281,000 in the week to Saturday due to the COVID-19 virus. Spot gold was last down $13.40 to $1,472.70 an ounce.
News ID: 8791 Publish Date : 2020/03/19
Holdings of gold by exchange-traded funds declined on Friday by the most in a year, said BMO Capital Markets.
News ID: 8735 Publish Date : 2020/03/16
Gold prices are caught in a tug-of-war between acting as a safe haven and meeting liquidity needs. Still, expectations for further loosening of global monetary policy are likely to underpin the metal in the longer term, said Standard Chartered Thursday.
News ID: 8692 Publish Date : 2020/03/12
Gold prices are sharply lower and have fallen below psychological support at $1,600, falling victim to the old trading adage, “when you can’t sell what you want, you sell what you can.”
News ID: 8690 Publish Date : 2020/03/12
As a fellow gold bug and a long-term believer that eventually there will be a day of reckoning and prices will explode to unprecedented levels, I have to say I am very disappointed in the performance during this latest crisis. Maybe it's the short sellers; maybe it's the failing miners selling forward production or just being a victim to margin calls in equities, it appears that gold has already made its top on this cycle.
News ID: 8689 Publish Date : 2020/03/11
On the day the WHO declared coronavirus a global pandemic and the Dow was down 1,300 points, CNBC's Jim Cramer reminded investors that it is not too late to get into gold.
News ID: 8688 Publish Date : 2020/03/11
Money managers’ net-bullish positioning in gold futures declined during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC), with some observers citing selling to raise money to meet margin calls and offset losses in other markets.
News ID: 8663 Publish Date : 2020/03/09
Analysts are doubling down on their comments that gold’s safe-haven appeal is the winning asset amid growing coronavirus fears, an oil-price crash and an equity market correction.
News ID: 8662 Publish Date : 2020/03/09
Declining U.S. interest rates and pressure on the U.S. dollar should keep boosting gold prices, said Credit Suisse.
News ID: 8597 Publish Date : 2020/03/06
Gold prices have quickly dropped from double-digit gains seen just a short while ago to double-digit losses in active trading late Friday morning.
News ID: 8595 Publish Date : 2020/03/06
Bullion prices are at their highest in seven years, closing in on $1,600 an ounce. Gold held by exchange-traded funds is at all-time records and rising, thanks to worries over the economic damage inflicted by the coronavirus outbreak. Reserves, meanwhile, are depleting. It’s a heady mixture for miners, but perhaps not yet an intoxicating one.
News ID: 8460 Publish Date : 2020/02/18
Anglo Gold Ashanti Ltd., a company that emerged from the South African mining empire created by Ernest Oppenheimer, is pivoting toward the Americas to develop more profitable assets.
News ID: 8402 Publish Date : 2020/02/06
And although the broad commodity market finished up 17.6% on the year, the performances of individual commodities were all over the map. For those familiar with the sector, that’s pretty much par for the course.
News ID: 8312 Publish Date : 2020/01/13
Tailings dams are the most common waste disposal methods for mining companies, whether they’re extracting iron ore, gold or copper.
News ID: 8304 Publish Date : 2020/01/17
Condolence message of the Minister of Industry, Mining and Trade following the martyrdom of the President of Iran and his delegation
Condolence message from the CEO of Sangan Steel following the martyrdom of Ayatollah Raisi, the President and his companions
Leader declares five days of national mourning over loss of Raisi, FM
Iran president, FM killed in tragic helicopter crash