Gold holds near 1-week low as Powell sticks to hawkish narrative
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots of 99.99 percent pure gold during production at Krastsvetmet precious metals plant in the Siberian […]
Gold prices fall Rs 200, silver prices unchanged at Rs 67,000 per kg
Gold prices fell Rs 200 in Tuesday’s early trade, with ten grams of 24-carat gold trading at Rs 56,350, according to the GoodReturns website. Silver prices remained unchanged at Rs 67,000 per kilogram. The price of ten grams of 22-carat gold dipped Rs 200 from yesterday’s close to […]
You Won't Believe How Many Cans of Soup It Takes to Buy a Dollar…
Wait a minute – surely the question should be the other way around? Actually….no! Join Mike Maloney in this fascinating thought experiment based on information from his latest book The Great Gold & Silver Rush of the 21st Century. Source link
Gold, silver prices remain unchanged, yellow metal trading at Rs 56,550
Gold prices remained unchanged during Monday’s early trade, with ten grams of 24-carat gold trading at Rs 56,550, according to the GoodReturns website. Silver prices rose by Rs 100 to Rs 67,000 per kilogram. The price of ten grams of 22-carat gold remained unchanged as the yellow metal […]
Perth Mint sold diluted gold to China, got caught, and tried to cover it up
The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or “doped” bullion to China and then covering it up, according to a leaked internal report.Key points:The mint started “doping” its gold as a cost-saving measureWhen it got caught for some of its gold dipping below Shanghai Gold Exchange […]
Gold prices rise by Rs 100 to Rs 56,550, silver remain prices unchanged
Gold prices rose during Saturday’s eary trade by Rs 100 with ten grams of 24 carat gold selling at Rs 56,550, according to the GoodReturns website. Silver prices remained unchanged with 1 kg of the precious metal trading at Rs 66,900. The price of ten grams of 22 carat gold […]
Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
XAU/USD may have bottomed out at the beginning of the week – Commerzbank
Share: Gold price shed more than 5% in February. XAU/USD is currently trading at a good $1,840, which puts it around $40 or 2% higher than on Tuesday. It appears that the yellow metal has bottomed out, strategists at Commmerzbank report. There is no longer any expectation of rate cuts this year “Weighing […]
Gold is an attractive asset for 2023 – SocGen
Share: 2023 will be the beginning of the end for USD strength. Thus, strategists at Société Générale believe that Gold exposure is set to provide great returns. Fixed income to do better than equities “Gold can offer protection against systemic risk.” “Continue rebalancing away from the USD. Gold will be a powerful protection […]
Softer dollar sets gold on track for best week since mid-January
(Reuters) – Gold prices climbed to their highest in more than two weeks on Friday and were on track for their biggest weekly rise since mid-January, supported by a softer dollar as investors gauged the U.S. central bank’s policy path.FILE PHOTO: Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious […]