News Articles

Central banks in sub-Saharan Africa are accelerating their gold purchases to hedge against the growing macro instability in the United States and rising geopolitical risks around the world... Ernest Hoffman

Sovereign demand for bullion remained steady in June to wrap up a strong first half of the year, according to the latest central bank gold statistics report from the World Gold Council (WGC)... Ernest Hoffman

Citi raised its gold price forecast over next three months to $3,500 per ounce on Monday from $3,300, and the expected trading range to $3,300–$3,600 from $3,100–$3,500, on the belief that near-term U.S. growth and inflation outlook has deteriorated... Reuters

Starting Friday, any single or cumulative daily cash transaction for purchasing precious metals and gemstones, including gold and diamonds, valued at 100,000 yuan ($13,934) or more,.. Global Times

Gold prices are sharply higher in early U.S. trading Friday, following a very downbeat U.S. economic report that fell squarely into the camp of the monetary policy doves... Jim Wyckoff

GOLD rallied against the Dollar on Thursday but silver prices continued to fall after the US Fed held interest rates unchanged and President Trump made a sudden about-turn on copper import tariffs, crushing the base metal's US futures price by more than 1/5th... Adrian Ash

Gold could hit $4,000 an ounce by the end of next year as the Federal Reserve cuts rates to cushion the US economy, the dollar drops, and central banks keep adding holdings, according to Fidelity International... Sybilla Gross

Russia and China are taking concrete steps to reduce Western influence over global gold markets, signalling a broader move towards monetary self-reliance and the redomiciliation of gold reserves away from traditional Western centres... IntelliNews

North American investment demand remains a dominant force for gold, but the precious metal continues to establish its credentials as an important global monetary asset and risk hedge... Neils Christensen

Jim Rogers expresses optimism about India's potential, highlighting its smart population and potential for economic success if Delhi adopts the right policies... The Econimic Times