After Monday’s white knuckle ride when gold’s highs and lows were nearly $80 an ounce apart, relative calm has now returned to the market with the price consolidating above $1,200 an ounce level on Thursday. continue reading at mining.com
LATEST NEWS: China holds the gold price key
Those gold bug optimists who reckoned the likely Swiss Gold referendum ‘No’ vote had already been discounted by the markets were initially proven wrong. With some forlorn gold hopes hanging on for a surprise ‘Yes’ vote, the result was going to produce a knee-jerk reaction downwards as it will have perhaps prompted more selling from […]
LATEST NEWS: 6 reasons to be bullish on gold
Despite gold prices rising as high as US$1,380 in mid-March, the precious metal hasn’t exactly been a good place to be in 2014. After starting the year around US$1,200, spot prices are essentially flat. However, here are some reasons to be optimistic about gold’s prospects in 2015, according to analysts at RBC Capital Markets. continue […]
LATEST NEWS : Japan Is Leading the Global System to Collapse
The Keynesian economists managing or advising the world’s Central Banks have always averred that they could pull us out of the weakest recovery in the post-WWII era if they were allowed to have their way. Their “way” involves rampant debt monetization, also called Quantitative Easing or QE. Indeed, the primary argument from the Keynesians as […]
LATEST NEWS : TIMELINE: The gold price and the Fed's rocky relationship
When US Federal Reserve Chairman Ben Bernanke testified in front of the US Congress in July last year he famously said he “doesn’t pretend to understand gold prices” and “nobody does”. During his successor Janet Yellen’s confirmation hearings she echoed Bernanke’s befuddlement about the gold price adding that she doesn’t “think anybody has a very […]
LATEST NEWS : The new London gold ‘fix’ – the battle has commenced
With the new procedures for setting London benchmark prices for silver (Thomson Reuters/CME Group) and platinum and palladium (The LME) the battle for the big prize – setting the London benchmark gold price (the gold fixing as it has been designated for much of the past century) – commenced with a seminar on October 24th in […]
LATEST NEWS : Gold Extends Rebound From 2014 Low as China Returns From Break
Gold rose as the drop to this year’s low lured Chinese buyers returning from a weeklong break, while investors awaited minutes of the Federal Reserve’s last meeting. Platinum extended a rally from a five-year low. continue reading at bloomberg.com
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 […]
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 […]
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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