The United States Mint witnessed lowest monthly sales of the year in OCtober while Silver bullion sales remained at elevated levels.
Demand for gold bullion remains broad based and global in nature. One of the most important sources of demand continues to be central bank demand. According to data from the IMF, central banks continue to be significant net buyers of gold.
When the plunged 20 percent last month, many market watchers declared the gold boom over. Stalled, yes; ended, no, according to many gold analysts, who believe the precious metal may instead be near a new sustained rally. ?I can tell investors don?t se...
Steve Palmer, founder and chief executive of the Toronto-based investment manager AlphaNorth Asset Management, prefers metals that have uses beyond sitting in a basement safe or gift-giving. In this exclusive interview Palmer explains why he is looking...
South Africa?s Gold Fields posted a 3 percent rise in third quarter gold production on Wednesday, as the world?s fourth-largest gold miner overcame a strike that halted output for five days in July. The miner said attributable group output for the...
Kazakhstan, the second-largest ex-Soviet economy and oil producer after� Russia, has enough reserves to weather a new wave of financial crisis and keep its currency stable, the National Bank governor told Reuters Insider TV. Central Asia?s largest ec...
With festive and wedding seasons in the offing, consumers are rushing to buy gold. With the decline in prices, gold retailers are bracing themselves to meet an impending rise in sales of jewellery. With investment in shares becoming risky, gold has...
Canada’s SilverCrest Mines said gold and silver production rose for the third straight quarter at its flagship mine in Mexico.
Eldorado Gold set a quarterly production record in the third quarter and is on track to achieve its full-year gold production target, the company said on Wednesday.
Investor interest seems to be growing fast in gold ETFs, as the average daily value of their trade on the National Stock Exchange (NSE) has grown by over four times since the beginning of this fiscal.
Gold may extend its slide from a record as� Europe’s sovereign-debt crisis spurs demand for dollars, eroding the appeal of the metal as an alternative, according to� John Stephenson at First Asset Management Inc. The CHART OF THE DAY shows gold p...
A national energy-saving campaign involving over 1,000 companies managed to save equivalent to 150 million tons of coal from 2006 to 2010, China's top economic planner said Sunday.
Newmont Mining attracted upside option activity yesterday for the the second time in a week as traders continue to make bets that the� recent slide in gold NEM� saw more than 5,000 March 65 calls� change hands in a strong buying pattern, going
If you missed the opportunity to profit from the Silver run last time, be sure not to miss it this time.
Gold prices have corrected heavily over the past 10 days, falling from an all-time high of Rs28,210 reached on September 21 to Rs25,685 on September 29, before recovering a touch to close at Rs25,995 the following day. The markets, soaring on the back of
Central banks in emerging markets continued to build up their gold reserves in August, data from the International Monetary fund showed, with Thailand, Bolivia and Russia all adding to holdings last month. Thailand bought 9.3 tonnes of gold in August,
The biggest rout in copper since the global recession drove analysts to cut their price forecasts by 16 percent in a week as mounting concern about growth eroded expectations for supply shortages. The metal may drop as much as 10 percent to $6,500 a
Copper tumbled into a so-called bear market, slumping for a fifth day, after the Federal Reserve said that the U.S. economy faces “significant downside risks,” eroding prospects for industrial-metals demand.
Gold futures tumbled to a three-week low on Thursday, trading below the psychologically-important level of USD1,800-an-ounce after the European Central Bank announced measures to boost dollar liquidity.
Canada?s Premier Gold Mines Ltd said it found high-grade gold mineralization at its fully-owned Saddle project in Nevada and that it will start drilling at its Blue Sage prospect in the near future. The Blue Sage assets lie to the northwest of the Saddle
Gold futures shook off early weakness to edge higher Friday as tanking U.S. stocks sent investors to gold’s perceived safety.losses spurred flight to the perceived safety of the metal.
Barrick Gold Corp. ABX -0.07% said that its Pierina gold mine in Peru may operate until 2018. Minera Barrick Misquichilca SA, the company’s Peruvian unit, told the Peruvian securities regulatory agency on Wednesday
Gold futures rose for the second straight day in New York as renewed concern that the Greek debt crisis will worsen and signs of a slowing global economy spurred demand for the metal as a store of value.
Gold slid on Friday, closing its worst week since June, as profit-taking by investors and a spike in the U.S. dollar outweighed the desire for a safer haven. Gold tumbled in early U.S. hours on apparent investor liquidation, but clawed back much of its
Copper extended its losses in futures trade today, declining by 0.56% to Rs 417.85 per kg amid a weak trend on the London Metal Exchange and subdued domestic demand.