A 60,000-square-foot Beaux Arts mansion with a 22-carat gold-leaf entrance gate has just been listed for $139 million, making it the new most expensive home officially on the market in America. And the house is not even fully built. Le Palais Royal, as …
Normally news of monetary policy accommodation would support the gold market since that means more liquidity in the financial system and lowers the opportunity cost of holding gold since it lowers interest rates. Yet gold had only a muted reaction to …
The Ukraine-Russia crisis and economic weakness in Europe and Japan have been supporting gold somewhat, but prices are being pressured by Federal Reserve policy, said Jeffrey Currie, head of commodities research at Goldman Sachs. That's why he …
The London Gold Market Fixing Ltd (LGMFL), along with the London Bullion Market Association (LBMA), said in a statement that the choice will be announced in October, and implementation will be complete by the end of 2014. The price-setting process …
Gold prices inched higher Thursday after the European Central Bank surprised markets by cutting its interest rates and announcing two bond-buying programs. The ECB was widely expected to launch some stimulus measures in the coming months, but the …
(Kitco News) – Gold prices are trading near unchanged in early U.S. trading Thursday. The yellow metal showed no significant movement in the aftermath of the interest rate cut from the European Central Bank. The next two days will provide a plethora of …
On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,269.50 a troy ounce, down 0.06%, after hitting an overnight session low of $1,262.10 and off a high of $1,272.00. Gold, a safe haven in times of …
Gold was making some advances on Wednesday, bouncing along after touching a new two-month low yesterday. While the conflict in Ukraine has gotten most of the attention of late, China and India remain major pillars of gold demand. In India specifically …
Of the 19 rock samples collected, six returned values greater than 1.00 grams per tonne gold (g/t Au), ranging from 2.14 up to 8.12 g/t Au; and six samples returned values greater than 0.10 g/t Au, ranging from 0.13 up to 0.92 g/t Au. The gold …