precious metal trends

Yesterday, the gold price broke above US $1,300/oz for the first time since early October, as the surprise announcement last Friday October 28th by the FBI relating to Clinton’s email probe, injected a new wave of uncertainty into the presidential election . . . .

Gold is on course to head as high as $1,500 per ounce, according to a technical analyst, who says the current environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal . . . .

Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages . . . .

Jewelers are offering discounts of up to 50% on making charges to attract consumers in the ongoing festive season in the hope that the surge in rural demand will more than make up for the almost 10% higher gold prices this year, high import duties and a closer watch by the tax authorities on sales . . . .

We have recently speculated as to how the gold price might perform now U.S. execs are back at their desks after holidaying in the summer sunshine . . . .

This is the first time the government has taken such an initiative. It is to include the stated policy, setting up of gem and jewelry parks and regulations for testing and certifying agencies, to primarily address issues of the diamond industry . . . .

Over the past two years, Russia has led the world in adding gold to her central bank reserves, ahead of the People’s Bank of China, the central bank that has added the second largest of amount of gold . . . .

Gold surges as Brexit vote unleashes turmoil on markets . . . .

We often cite the gold: silver ratio as an indicator for the precious metals markets. Another important ratio is that of gold to platinum . . . .