News

Posts
Post-image-1

What Gold Can Tell You About Oil Prices

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.
Post-image-1

Gold falls as US dollar rises

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.
Post-image-1

Here's Why Gold Prices Are Booming

Gold rose on Thursday as a drop in equities boosted its appeal as an alternative asset, heading for its biggest quarterly gain in nearly 30 years as expectations that the Federal Reserve would press ahead with interest rate hikes receded.
Post-image-1

Gold falls on jobs data

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.
Post-image-1

Gold, Silver Hit Lows After Inflation Data

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.
Post-image-1

Gold, silver slips on reduced offtake

Globally, gold rose in early trade as the dollar retreated, but remained close to its lowest level in two weeks after the Federal Reserve hinted at a possible US rate hike in December.
Post-image-1

Cleaning up the precious metals industry

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.
Post-image-1

Gold price lifts near 3-week high

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.
Post-image-1

Gold falls despite Greece uncertainty

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.
Post-image-1

Top 7 Warren Buffett Quotes on Gold Investing

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.
Post-image-1

How Gold Became the Forgotten Commodity

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.
Post-image-1

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

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 previous five sessions, gold’s longest winning streak since March.
Post-image-1

Gold falls on $US, oil, rate expectations

Gold has turned lower, pressured by the firm US dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline.
Post-image-1

Gold price set to soar in 'Asian century'

The liberalisation of Asia's financial system and the growing wealth of its populations are expected to boost demand for gold and push the price of the key commodity over $US2400 an ounce by 2030, ANZ predicts.
Post-image-1

Gold drops on bets euro zone will muddle through

Gold and silver fell to six-week lows, while platinum fell to the lowest since 2009, on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners.
Post-image-1

Gold’s year-end rebound surprises hedge funds

Gold’s year-end rebound is taking investors by surprise. With Greece facing another political crisis and equities giving up some gains, bullion is headed for the biggest advance since June. Hedge funds lowered their wagers on a rally for a second straight week, and holdings in exchange-traded products backed by the metal are near the lowest since 2009.
Post-image-1

Gold price makes stab at $1,200

Gold made a bold move higher on Friday recovering most of the losses suffered earlier in the week despite a fresh slide in the price of oil and a jump in the value of the US dollar to nine-year highs.
Post-image-1

Goldman cautious on gold outlook

Goldman Sachs is taking a cautious outlook on the price of gold, saying it expects to see some more turbulence in the next six months but that consistency is on the way.
Post-image-1

Putin goes for the gold

Lately Russia has been buying gold by the ton — 37 tons in September alone. Why? One obvious answer is that gold is now cheaper than it has been for quite a while and Russian President Vladimir Putin knows a bargain when he sees one.
Post-image-1

Strong Dollar, Weak China, Puts Gold In Crosshairs

It’s investing 101: a strong dollar means weak commodities. But if you take the next level coursework, it includes chapters on the China slowdown and emerging market currencies heavily weighted towards commodities. The outcome of a strong dollar and a weaker China might be worse for gold.
Post-image-1

Silver "a Screaming Buy", Crude Oil "Going to $60"

Here Kal Kotecha tells The Gold Report's sister title, The Mining Report, that to obtain superior results, you cannot do what everyone else is doing. He maintains that much of the risk associated with junior resource equities has been beaten out by the herd mentality and that selectively buying what's left presents opportunity...
Post-image-1

India's Changing Gold Culture

Today marks the last day of Shradh, the period of "closed observance" on Hindu calendars when it's deemed "inauspicious" to start new ventures or make new investments.
Post-image-1

Reasons For The Recent Decline In Gold Prices

Gold prices fell to their three-month lows in September. The London PM Fix gold price stood at $1,286.50 per ounce at the beginning of the month, with prices closing at $1,251 per ounce at the close of trading on September 10.
Post-image-1

Gold price dips again on US dollar strength

GOLD has lost ground overnight as investors weighed the impact of the European Central Bank’s more accommodative policy stance, while palladium posted its steepest gain in nearly three months on escalating tensions between Russia and Ukraine.
Post-image-1

Banks in China Stockpile Gold as Lease Demand Surges

(Bloomberg) – The value of precious metals held by Chinese major banks increased by 66%, two-thirds its value from a year ago. Banks in China lease gold to their customers as the borrowing rules are to too stiff making it hard to lend funds.
Post-image-1

Global Gold Demand Down 16%

Global demand for gold slumped in the second quarter as Chinese and Indian buying returned to more stable levels following a record-breaking quarter a year earlier, the World Gold Council said Thursday.
Post-image-1

Gold News: 7 Factors to Understand Gold Prices

Understanding the true value of gold has always been a difficult task to achieve, as several factors wield influence on gold prices. Ben Bernanke, former chairman of America’s Federal Reserve, even told Congress in 2013 that “No one really understands gold prices,” and added afterwards that he didn’t get it either.
Post-image-1

Gold hedging up 11% in Q1

JOHANNESBURG (miningweekly.com) – Gold producers’ hedging activity in the first quarter of 2014 edged over to the supply side of the market for the first quarter since 2012, with just 280 000 oz added to the global hedge book in the three months to end-March, a report by financial services firm Societe Generale and Thompson Reuters GFMS revealed on Friday.
Post-image-1

Iraq Insurgency News Lifts Gold, But FOMC Meeting May Limit Gains

(Kitco News) - Gold futures rallied this week on news of insurgents capturing a key city in Iraq, and market watchers said continuing fighting could underpin the yellow metal; however, with the Federal Reserve meeting later in the week, gains could be capped if traders turn their attention back to the stabilizing U.S. economy.
Post-image-1

Gold futures barely rise for first gain in seven sessions

SAN FRANCISCO (MarketWatch) — Gold futures settled with a modest gain on Tuesday, their first in seven sessions, with traders looking ahead to the week’s economic events, including a European Central Bank meeting and the monthly U.S. nonfarm payrolls report.
Post-image-1

Gold price plunges to February lows

The gold price fell more than $25 on Tuesday, hurt by a combination of a showing of strength for the US economy, hopes of an easing of the conflict in Ukraine and technical factors.
Post-image-1

India raises gold, silver import tax again

India decided to tighten its grip on the country's gold and silver trade once again, announcing Friday a hike in the import tariff value of gold to $424 per 10 grams of bullion and $650 per kg of silver.
Post-image-1

No end to SA platinum strikes support PGM prices

The spot gold price continued its ascent on the back of geopolitical tensions in Ukraine, while platinum and palladium saw good support as talks between platinum producers and striking workers in South Africa yields no resolution.
Post-image-1

Gold Remains Defensive But Cycles Suggest Opportunity

Gold remains defensive amid expectations that the Fed will continue with its taper campaign next week and what seems to be a complete dismissal of the rising geopolitical tensions in Ukraine. Currency markets have been pretty well contained recently, providing little in the way of fresh directional clues for the yellow metal.
Post-image-1

Gold Falls but Platinum Lifts

Gold futures have fallen to a seven-week low as signs of stronger US economic activity and subsiding tensions in Eastern Europe sap investor interest in the haven asset.
Post-image-1

Gold Falling? It's the Money Supply, Stupid

Gold took off like a rocket at the start of the year. But despite rising global political tensions, and the Fed's continuing economic pretensions, this month gold started to look more like a discarded booster engine falling back to Earth.
Post-image-1

New Gold Turning Point on the Move

(Kitco) – Gold price eased a little during early Monday trading, due to worries from the recovering pace of the US economy and increased gold ETF inflow. However, Gold price consolidates above averages, thus increasing the possibility of a new turning point and an uptrend formation.
Post-image-1

Steady Gold Price ahead of Friday’s U.S. Jobs

(Reuters) – gold price held firm on Wednesday morning due to inflows in gold-backed funds this month and uncertainty of U.S. jobs data due to be released on Friday. Lack of Asian demand on physical gold this time of the year, the Chinese New Year break, kept the yellow metal price in its tightest range for six weeks.
Post-image-1

Hedge Funds Hovering Gold Wagers Drop Copper

(Bloomberg) – Hedge capital increased bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil increased concern the international finances will slow and advanced demand for precious metals as a haven.
Post-image-1

Anticipates Detour Gold to Double Production

Toronto – Emerging midtier gold miner Detour Gold on Monday said that output could twice at its flagship Detour lagoon mine, in Ontario, to between 450,000 ounce and 500,000 ounce this year, and that money costs would fall to between $800/ounce and $900/ounce.
Post-image-1

Vietnam Duty-Free Gold Jewelry Exports Begins 2014

The Vietnam Ministry of Finance has settled to scrap export obligation on gold jewelry from January 1, 2014. According to the notification issued by the Ministry, trade goods obligation on gold jewelry and fine works will be eliminated. On the other hand, the trade goods tax on material gold will be set at 2%.
Post-image-1

Gold, silver imports by India tumble

India's gold and silver imports slumped 69 per cent in December after the government curbed purchases to contain the current-account deficit that weakened the rupee to a record low last year.
Post-image-1

Vietnam Duty-Free Gold Jewelry Exports Begins 2014

The Vietnam Ministry of Finance has settled to scrap export obligation on gold jewelry from January 1, 2014. According to the notification issued by the Ministry, trade goods obligation on gold jewelry and fine works will be eliminated. On the other hand, the trade goods tax on material gold will be set at 2%.
Post-image-1

Gold Jewellery Vs. Gold Bullions

Over the past few years, an alteration has been stirring in the gold arena, and this seems to set to continue as the recession continues to deteriorate and extent around the financial world like a fast moving virus.
Post-image-1

Gold Smugglers Overtake Narcotics Smugglers in India

(Reuters) – Indian gold smugglers are adopting the procedures of pharmaceutical couriers to avoid a government curb on imports of the yellow metal, storing gold in imported vehicles and even using mules that swallow nuggets to attempt to get them past airport security.
Post-image-1

Goldman Sachs Expect Gold Price to lose 15%

Goldman Sachs Group Inc. expects commodities, especially gold, iron, copper and soybeans to prices to lose 15% of value in 2014. Downside risks for commodities are higher as the economic growth in the US accelerates.
Post-image-1

Morning: Gold Eases on Slow Physical Demand

(Reuters) Nov 18: Gold prices eased on Monday as a retreat in other commodities and lackluster physical demand provoked traders to lock in three days’ worth of gains, granting forecasts that U.S. monetary policy would remain moveable for the time being loaned support.
Post-image-1

WGC: Global Gold demand fell 21 percent in 2013 Q3

(Mineweb) – the World Gold Council says in its newest Gold Demand tendencies publication, gold demand dropped 21 percent in volumes to 868.5 tonnes during the third quarter of 2013, driven smaller by continued outflows from ETFs. This converted, in value terms to $37 billion, down 37 percent on the quarter.
Post-image-1

Gold Make Extra Gains After U.S Jobless Claims

(Reuters) – On Thursday, gold hit a 1-month high after data showed U.S. unemployment benefits’ claims dropped less than estimated, strengthening expectations the Federal Reserve will postpone monetary stimulus tapering.
Post-image-1

Australian Trees Growing Gold Leaves?

(Bloomberg) – Miners hunting for gold in Australia are also able to cut exploration prices when the invention of bullion particles on leaves and branches of trees in Australian state that will point out deposits, scientists said.
Post-image-1

Gold Bulls React as US National Debt Rise

(CNBC) – Gold bulls hard-hitting shoved the case for the yellow metal as an alternate to an embattled U.S. dollar in the middle of still fragile financial development and nationwide liability of over $17 trillion, according to CNBC’s newest market reconsider of traders, analysts and strategists.
Post-image-1

No Gold No Technology

Gold is the material of choice in many electronic applications, especially telecommunications, transportation, information technology and other high performance and safety critical applications.
Post-image-1

China’s Central Bank Easing Gold Trade Restrictions

(Reuters) – China’s central bank is preparing to boost the number of firms endorsed to import and export gold and as well on individual buyers of the precious metal it will ease restrictions, according to a draft policy document given out on Monday.
Post-image-1

Gold Bulls Increases Wagers The Most on Stimulus

(Bloomberg) – Hedge funds’ blended holdings in gold futures increased the most this month as proceeded U.S. monetary stimulus spurred investors to deal short contracts and dispatched prices in the direction of the first quarterly accelerate in a year.
Post-image-1

China Gold Imports Increasing on Speed of 1,000 tonnes

(Mineweb) – Even as the Indian government is seeking to restrict gold imports and is approaching down hard on gold loan companies over the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if latest buying trends continue.
Post-image-1

India’s August Gold Imports Dropped Under 10 Tonnes

The authorized gold imports by India had been at a standstill with effectively no imports recorded throughout the one and a half month time span beginning early July this year when the book Bank of India (RBI) had arrive up with stricter regulations to apprehend the inflow of gold into the country.
Post-image-1

Sales of Scrap Gold Sharply Rising in India

(Bloomberg) – Sales of scrap gold in India are rushing as the plunge in the nation’s currency drives bullion charges to a record, easing a provide crunch caused by constrains on imports by the world’s biggest consumer.
Post-image-1

Gold Ends Solidly Higher on Bargain Hunting and Safe-Haven Demand

Gold prices ended the U.S. day session with good gains Tuesday, as bargain hunters stepped in to buy the early dip in prices. There was also safe-haven buying that surfaced during the day as it appears the U.S. Congress will support President Obama’s effort to use military force against Syria.
Post-image-1

Morning Gold: Gold Falls from 11-Week High

(Reuters) – On Monday, gold prices eased from an 11-week high over $1,400 an ounce hit overnight in Asia, as improbability over a moderate firmer dollar and the outlook for U.S. monetary policy kept the yellow metal in check.
Post-image-1

India Not Considering “Swapping” Gold Reserves

Among worries around depleting foreign exchange reserves and foundering currency, several Indian newspapers had described possibilities of the government leasing out its official gold holdings to lift money reserves. However, the country’s financial Affairs department asserted that for now India has no suggestion to lease gold.
Post-image-1

China Gold-Mine Hits a Record as Price Drops

(Bloomberg) – Acquisitions by China’s gold mining companies come to a record this year as the metal’s sharpest quarterly fall in more than nine decades slashes mine standards and margins Western competitors laden with liability.
Post-image-1

Gold rises to two-month high

GOLD futures have hit a two-month high as losses in the US dollar stoked demand for the metal a day ahead of closely watched minutes from the Federal Reserve's latest meeting.
Post-image-1

Gold Market Update

All the pieces are in place for a major uptrend in gold to begin right away, and it appears to be starting as this is being prepared.
Post-image-1

India Increases Gold and Silver Import Tariff

The Indian Government yesterday announced a climb in trade tariff value for gold and silver. The trade tariff worth of gold was up by 3.37% and that of silver was up by 0.16%, as prices of the metals have risen in the international market.
Post-image-1

Gold Prices Flat as Inflation Runs at 6%

We are told by the “gold bears” that we are headed for a period of deflation ahead, so we should sell gold bullion because it doesn’t have any purpose in your portfolio. But these “gold bears” might be surprised to know that inflation in the U.S. economy is already much higher than what the official numbers tell us.
Post-image-1

Chinese miners on hunt as gold price retreats

CHINA is apparently growing more interested in Australian gold assets as prices slide. Aphrodite Gold, which like most junior miners is being forced to seek funds outside troubled equity markets, is in talks with Shandong Gold and other Chinese parties to sell up to a 50 per cent stake in the Aphrodite project, 65km north of Kalgoorlie.
  Honest
  Reliable
  Professional

Gold Exchange Post Pack