News Articles

Russia’s central bank sold a significant amount of gold from its reserves in January as prices hit all-time record highs above $5,500 per ounce, according to the latest data from the Central Bank of Russia (CBR)... Ernest Hoffman

The surge in gold demand in China is being driven by small-scale Chinese investors who bet on the precious metal as a safe-haven asset amid economic uncertainties and the lack of better investment assets... VNExpress

Global silver prices have stabilized after a period of volatility, but China's supply is constrained due to depleting stockpiles... Olumide Adesina

A large $17.3 billion widening in the December trade deficit reflects a $5 billion drop in exports and a more than $12 billion jump in imports... Wells Fargo

While commodity prices were volatile at the end of January, precious metals, oil, and industrial metals all posted gains for the month, and as volatility subsides, gold and other key commodities will enjoy supportive fundamentals, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management... Ernest Hoffman

The precious metals selloff on the 31st January was severe by any standard . . . . Matt Oliver

Hedge fund billionaire David Einhorn says Gold is increasingly supplanting U.S. Treasurys as the world’s leading reserve asset . . . . Newsmax Wires

Gold prices rose more than 2% on Friday and were headed for a weekly gain as weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve rate cuts this year, offsetting concerns from stronger-than-expected jobs data earlier in the week... Reuters

Gold prices have more than doubled since late 2023, repeatedly hitting all-time highs in a sustained rally.,, J.P. Morgan Private Bank

The Chinese government said it is formulating a Gold industry development plan . . . . Kim Eun-Jung