gold demand

Russia’s central bank last month purchased the most gold in nearly a year, reported Commerzbank . . . .

German investors had little interest in gold prior to 2008, but last year they spent over 6 billion euros on gold investment products . . . .

One bank maintained its $1,400-an ounce outlook for gold Monday even as prices cooled on profit-taking, commenting that the precious metal was not yet in overbought territory . . . .

Gold prices are set to jump to a four-year high of $1,400 an ounce by the end of the year over mounting tensions between North Korea and the US, and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank . . . .

Gold is the preeminent monetary metal, and throughout history to this day, it has projected the most enduring images of wealth. Consider how often gold bars are used to depict glamour and riches. Silver is in its shadows, but as an asset, it contains similar wealth-protecting qualities, perhaps with even greater return potential . . . .

Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one . . . .

The elections leading to a hung parliament in the UK have seen a rush into physical gold by investors . . . .

The 30% rise in China’s private investor gold demand in the first three months of this year is seen as “a very strong signal” by World Gold Council member and market relations head John Mulligan . . . .

Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a . . . .

Hang Seng Bank says it has expanded its gold and forex trading departments to meet increased demand from clients over the past two years . . . .