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Precious metals are still struggling to gain ground in the face of persistent fears about the eurozone and the threat of a 2008-style market meltdown. The CFTC’s latest Commitments of Traders Reports for the gold and silver futures market in America shows managed money (read: hedge funds, commodity trading advisors, etc) holding ...
Last week was a week of two halves as far as precious metals were concerned. The first half a dire one for bulls, but the second seeing new buyers tempted into the market, with Thursday’s impressive gold rally setting the stage for a recovery back above $1,600. Silver is still trading around $28.50, with $30 a key short-term target ...
In recent weeks pressure has been building on the German Bundesbank after the tabloid newspaper Bild started a media campaign questioning the location of Germany’s gold reserves. The country’s Federal Court of Auditors has started investigating official data on the subject, and will soon present its findings to the Bundestag's ...
The gold price has bounced back in some fashion over the last 24 hours, hurtling back above $1,550 and now probing the $1,600 mark. Silver is also on a tear and is back trading around $28.50. One swallow doesn’t make a summer, however, and given the continuing eurozone tensions – which now include confirmation that the ...
The slow-motion Greek bank run is on – or as Paul Krugman calls it, a “bank jog”. The NYT columnist sums up the state of play in Greece: “What’s happening now is a “bank jog” — Greeks are pulling euro deposits out of banks fairly rapidly, but not quite fast enough to be called a bank ...
Ghana is one of the most resource-rich countries in West Africa, and is especially well-endowed as far as gold is concerned. After the abolition of apartheid, South African mining companies in particular started expanding all over the continent. In the last decade exploration companies and gold producers as well as supply companies have ...
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Gold:Gold Buy Rates |
$50.7963/gg $1,579.90/oz |
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Silver:Silver Buy Rates |
$28.2500/oz |
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Platinum:Platinum Buy Rates |
$46.7505/pg $1,454.10/oz |
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Palladium:Palladium Buy Rates |
$19.4518/pd $605.00/oz |
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