LATEST NEWS : Russia CB buys more gold and builds bilateral trade with China

While we will probably have to wait another few days until the IMF publishes its latest statistics for the global picture, the Russian central bank has announced that it has added another 9.3 tonnes of gold to its official gold reserves. This is as tensions now seem to be diminishing in Ukraine which could, if […]

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LATEST NEWS : Russia CB buys more gold and builds bilateral trade with China

While we will probably have to wait another few days until the IMF publishes its latest statistics for the global picture, the Russian central bank has announced that it has added another 9.3 tonnes of gold to its official gold reserves. This is as tensions now seem to be diminishing in Ukraine which could, if […]

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LATEST NEWS : Silver at 'bargain levels' – Phillips

Gold Today – The gold price closed at $1,221.60 down $13.90 on Wednesday in New York. In Asia and London, gold prices recovered slightly to $1,224. The gold price was Fixed at $1,223.00 down $13.50 and in the euro at €949.609 down €4.628, while the euro was slightly much weaker at $1.2879. Ahead of New […]

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LATEST NEWS : China advances launch of international gold exchange

China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues. Asia, home to the world’s top two gold buyers – China and India, […]

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LATEST NEWS : Gartman reckons end-game for gold price management could be nigh

When a highly respected, and heretofore basically neutral on gold, financial commentator, such as Dennis Gartman, reckons that ‘The Force’ which has been keeping the gold price down, presumably through massive paper gold interventions in the futures markets may well be near defeat, this could  be a signal for the big investors and fund managers […]

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LATEST NEWS : MegaFon Shifts Cash to Hong Kong Dollars on Sanction Risk

OAO MegaFon (MFON), billionaire Alisher Usmanov’s wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMKNorilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet up sanctions against Russia. MegaFon decided to keep about 40 percent of its cash in Hong Kong dollars given the global […]

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LATEST NEWS : Escalating Ukraine crisis could blow gold sky high

Far from coming to an end the Ukraine crisis could be far from over and as the West and Russia are embroiled in accusation and counter-accusation over the downing of Malaysia Airlines Flight MH17, the potential for escalation is perhaps getting more serious by the day.  It has brought a safe-haven focus back into the […]

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LATEST NEWS : Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns

Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. continue reading at bloomberg.com

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LATEST NEWS : Gold Shines Again as Hedge Funds Boost Wagers on Advance

Gold is precious again. After investors sent bullion tumbling in 2013 by the most in three decades and kept dumping the metal earlier this year, demand is now up and prices are defying bearish forecasts. Money managers increased net-long positions for a fourth straight week through July 1 and holdings in exchange-traded products are climbing […]

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LATEST NEWS : Silver the star performer in recent precious metals rally

Silver’s performance in the recent precious metals rally has been quite spectacular rising around 13% in a matter of days, before drifting back a little  along with gold as the initial momentum has left the market.  Undoubtedly some of the cream will have been due to short covering, but the movement does suggest that should […]

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