LATEST NEWS: China National Gold Talks to Barrick About Potential Partnerships

China National Gold Group Corp. is on the hunt for acquisitions and partnerships, the mining company’s president said, possibly becoming a kingmaker in the beleaguered industry. Xin Song said he recently talked about potential partnerships with Barrick Gold Corp., the world’s largest gold producer. But talks about an investment in the African properties of Ivanhoe […]

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Gold sets fifth straight weekly gain; ends $1,264

Gold settled higher on Friday as the dollar whipsawed and a global flight from emerging market assets set global stock markets on course for their worst week so far in 2014. The U.S. currency remained wobbly after registering its biggest one-day drop in three months on Thursday. Spot gold hovered near $1,265 an ounce, retreating after […]

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Rising inflation to stir up gold demand across Asia: HSBC

NEW DELHI (Scrap Monster):  The demand for gold across Asia will continue to keep expanding as inflation at relatively higher levels are likely to spur investment purchases, observed HSBC Holdings Plc. With inflation still at elevated levels and interest rates remaining subdued, the financial services firm expects the appetite for gold in Asian countries to remain […]

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Demand For Gold Bars/Coins Make Up For ETF Outflows In Q2 2013

“During the second quarter, gold demand accounte for 856.3 tonnes. That’s 12% less than the same quarter a year ago. A wave of outflows from ETFs was the principal cause of the decline, although this was mitigated by record demand for gold bars and coins. Continuing the theme of the previous quarter, demand for jewellery […]

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