Gold

The Latest

  • China Continues Gold Buying Streak for 18th Month Amid Record Prices
    Spot Gold
    China's strategic acquisitions of gold have marked an 18th consecutive month of purchase by the People's Bank of China (PBOC), despite the diminishing pace of buying due to unprecedented high prices.
  • Gold's Safe Haven Appeal: Fueled by Geopolitical Tensions and Central Banks?
    Shandong Gold
    Amid the Israel-Palestine conflict, international gold prices surged past $2,000 per ounce. Domestically, a younger generation has been eagerly investing in gold, with sales of gold bars and coins surging by 15.98%.
  • Gold Experiences V-Shaped Rebound, Hitting Four-Week High: How Long Can "Safe-Haven Demand" Last?
    Gold Price
    As of Wednesday's report, spot gold rose by 1.185%, trading at $1,958.60 per ounce.
  • Global Central Banks' Gold Acquisitions Hit Record High, Poised to Remain Strong Throughout the Year: World Gold Council
    GOLD
    The World Gold Council reports that global central bank gold acquisitions set a new historical record for the first half of this year.
  • Gold's Resilience: Rising Demand and Economic Uncertainty Fuel Momentum
    Gold
    In the face of persistent inflation, interest rate increases, and a string of bank failures, gold has emerged as a beacon of resilience. Its price has surged to over $2,000 per ounce, nearing the record high set in 2020. This surge is not only due to the strong demand for the precious metal but also a host of other factors that are making gold an attractive investment option.
  • UBS: Central Banks' Gold Rush Nearing an End, Signals Return to Traditional Factors
    Spot Gold
    During the period of aggressive interest rate hikes by the Federal Reserve, gold has exhibited intriguing resilience. Despite the continuous rise in interest rates, gold prices have not fallen, but rather increased. This contravenes its traditional valuation model of an inverse relationship with the 10-year U.S. real interest rate and the dollar.
  • Lesson from Russia's Frozen Assets, Central Banks Globally Rush to Repatriate Gold
    GOLD
    An increasing number of countries are bringing their physical gold reserves back home to avoid sanctions similar to those imposed on Russia's foreign assets. At the same time, they are purchasing more precious metals as a hedge against high inflation.
  • Global Gold Rush: World Central Banks Continue to Stockpile, Gold Prices Set for a Potential Rise
    Gold
    The World Gold Council (WGC) has released new data indicating a continuation of gold acquisitions by central banks worldwide, with Turkey being the notable exception due to its extensive sell-off. The data shows that in May, eight central banks increased their gold reserves with a net purchase of 50 tons. However, Turkey's decision to sell another 63 tons of gold in May led to a net decrease of 27 tons in the global gold holdings of central banks.
  • Emerging Gold Frontier: UAE Becomes Major Trade Hub for Russian Gold Amid Sanctions
    Gold
    Since Western sanctions imposed due to the Ukraine conflict disrupted Russia's conventional export routes, the United Arab Emirates (UAE) has emerged as a primary destination for Russian gold, according to Russian customs records.
  • Gold Surpasses $2,000 Mark as US Economic Data Weakens
    Gold
    Gold prices climbed significantly on Tuesday, exceeding the crucial $2,000 per ounce mark, as the US dollar and yields declined. Weaker US economic data reinforced expectations of a slower pace of rate hikes, despite rising concerns over oil-driven inflation.
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