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The world second largest economy is more than interesting from a precious metals buyer’s point of view. This is because China is the world’s largest holder of foreign reserves, with $3.3 trillion – far ahead of the second largest holder, Japan ($1.3 trillion). According to data published by the World Gold Council, ...
The divergence between the bullish action in platinum and palladium and the bearish action in gold and silver continues. Palladium tore through its 12-month high last Friday like a hot knife through butter, while platinum widened its premium over gold. Gold continues to be pulled back towards $1,650, however, while silver is facing those ...
The Gold Money Index, created by James Turk, is a simple but logical formula. It treats central bank gold reserves as international money – the world’s true and only reserve currency, if you will – and compares said gold reserves against central banks’ fiat currency reserves. At first glance this treatment of gold ...
The mood of bullishness evident since the start of the year continued yesterday, with the FTSE All-World Index equity index reaching its highest level since May 2011. Copper and crude oil rocketed higher yesterday morning, with the red metal reaching a three-month high and oil up on news of Saudi production cutbacks in December. Precious ...
The future of the US economy remains delicately in the balance on the last day of 2012. In just twenty-four short hours, unless a deal is negotiated and voted on by the US Congress - along with the support of the President Obama - the United States is set to go off the so-called “fiscal cliff” and possibly slump back into a ...
“Goldman predicts falling gold price beyond 2011, recommends gold hedging Goldman Sachs has raised its medium term gold price forecast to $1,355, but reckons prices will fall from 2011 and recommends producers sell gold forward.” So reads the Mineweb headline from 15 July 2010. Something to bear in mind when you consider ...
Precious metals have had a decent start to the week, following last Friday’s selloff. Gold has managed to put some distance between itself and $1,700, while silver is managing consistent time above $32.50, which marks a change from the pattern we’ve seen for much of the last year, whereby that price has tended to be an ...
There is growing awareness that gold is accumulating in Asia. Indians have for a long time been the largest buyers of gold and have a tradition of giving gold as gifts at auspicious times. This gold is mostly classified as jewellery in the statistics, and it is assumed by Westerners that a rising gold price will dampen demand from this ...
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Gold:Gold Buy Rates |
$44.5767/gg $1,386.50/oz |
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Silver:Silver Buy Rates |
$0.7188/gg $22.36/oz |
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Platinum:Platinum Buy Rates |
$46.5936/pg $1,449.20/oz |
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Palladium:Palladium Buy Rates |
$23.2148/pd $722.10/oz |
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