News Articles

The year 2013 in the gold investment market will be remembered as the year of China, so we’ve produced a stunning infographic detailing China’s great golden rise to power.

In just a few months the world’s largest country will overtake India as the biggest consumer of gold and its gold market continues to break records . . . .

The U.S. dollar is under pressure, but the current bout of minor weakness could be just the "calm before the storm." With political squabbling in Washington D.C. stealing headlines, the greenback is slumping as the nation hurtles toward a potential government shutdown on Oct. 1 . . . .

Gold continues to be impacted by continued outflows from Exchange Traded Funds (ETFs) reaching 24 tons and year-to-date at 694 tons. Therefore, investors are advised to watch inflows into ETFs in the coming days for further cues . . . .

The gold price spiked more than $55 or over 4% to a high of $1,364.60 an ounce in late trade on Wednesday after the Federal Reserve announced no cuts to its economic stimulus program . . . .

Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue . . . .

Gold prices climbed back above the $1,400 an ounce on Tuesday after Interfax reported that Russia detected a missile launch. The Russian Defence Ministry declined comment to Reuters. The news caused a spike in gold prices which later dropped back below $1400 an ounce only to rise again during the second London gold fix . . . .

India’s demand for gold during the second quarter of 2013 topped all other countries, according to the latest World Gold Council data. As noted by GoldCore, the demand for gold in India rose to its “highest in the last 10 years,” with jewelry, bars and coins demand, capping 310 tons during the period . . . .

After an initial $20 plunge today, the price of gold turned violently higher and closed near the highs in what turned out to be almost a $50 trading range.  In the aftermath of this turbulent trading, today one of the legends in the business shocked King World News when he said the reason for the wild trading action was that Asian central banks were demanding their gold, some of which is being stored in Western vaults, be sent home to Asia . . . .

Global consumers aggressively ramped up purchases of physical gold in the April-June period, led by opportunistic buyers in emerging markets at a time when the precious metal suffered a record quarterly loss, the World Gold Council (WGC) said on Thursday . . . .

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India - by far the biggest markets for gold - compared with the same time last year . . . .