News Articles

Chinese gold purchases rose 30% in 2023, as the country's central bank bought the commodity to replace its dollar holdings amid tensions with the U.S. and individual investors sought a haven for their assets as the economy stumbled.... Momoka Matsumoto and Noriyuki Doi

The Federal Reserve concluded its first monetary policy gathering of 2024 today and voted by unanimous decision to maintain its benchmark interest rate unchanged within in its current range of 5.25% to 5.50%, in line with consensus expectations.... Diego Colman

Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded.... Silver Institute

Gold prices rose on Monday as escalating tensions in the Middle East lifted bullion's safe-haven appeal, while moves were limited as traders awaited the U.S. Federal Reserve chair Jerome Powell's remarks this week for cues on interest rate trajectory... Harshit Verma

Gold prices fell to session lows after the U.S. housing sector surprised to the upside last month . . . .Kitco News

For the year 2023, the price of gold rose on the COMEX 13.5% against the US dollar, while silver only increased 0.5%. . . .Patrick A. Heller

Silver prices recorded a significant gain of 1.29% yesterday, closing at 71869, buoyed by a weakening dollar and a narrowing of treasury yields ahead of key economic data releases.... Kedia Advisory

China’s central bank added 225 tons of gold to its stockpile in 2023.... Kazim Alam

The silver market has managed to hold critical support above $22 an ounce; although the market has recovered, lackluster investment demand could keep a lid on prices in the near term, according to recent comments from Bank of America.... Neils Christensen

Gold prices rose on Tuesday, as the US dollar edged lower while investors awaited interest rate decisions from a number of central banks and a slew of economic data in the United States this week.... Reuters