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Gold

India's gold consumption at 310 tonnes, highest in 10 years
www.thehindu.com

India's consumption of gold rose to 310 tonnes in the second quarter ended June, highest in the last 10 years, despite government curbs to restrict imports to rein in burgeoning current account deficit, a WGC report said on Thursday. Much of the demand …

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Purge on A-levels revives 'gold standard' as one-in-four papers given top grades
www.telegraph.co.uk

Around 26 per cent of papers are expected to given A* or A following a toughening up of the “gold standard” qualification combined with rules that effectively stop examiners awarding too many top grades. Experts are predicting that the proportion of …

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Gold Gains to Three-Week High on Signs of Demand as Dollar Drops
www.bloomberg.com

Assets in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, climbed yesterday to 913.23 metric tons after gaining on Aug. 9 for the first time in two months. In China, the second-largest consumer, the volume for Shanghai's …

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India turns screw again on gold imports
in.reuters.com

NEW DELHI (Reuters) – India turned the screw on gold buying again on Wednesday, banning imports of coins and medallions and making domestic buyers pay cash, a day after hiking bullion import duty to a record 10 percent. The government is trying to curb …

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UPDATE 1-Paulson & Co more than halves gold ETF stake in Q2
www.reuters.com

NEW YORK, Aug 14 (Reuters) – Paulson & Co more than halved its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, in the second quarter, when the bullion price lost nearly a quarter of its value. The prominent U.S. hedge …

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Gold Investors Seek Alpine Haven in Swiss Army Bunkers
www.bloomberg.com

Still, the bets on gold being a safe haven may backfire following this year's price decline. ABN Amro Group NV analysts predict the price will average $1,000 next year and $840 in 2015 because a stronger U.S. economy will limit gold's appeal. Net short …

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Gold demand hits four-year low despite surge from Chinese consumers – live
www.theguardian.com

Chinese customers buy gold jewellery at a goldsmith shop in China's Anhui province. Demand for Chinese customers buy gold jewellery at a goldsmith shop in Anhui province. Demand for gold jewellery in China rose 54% in the second quarter. Photograph: …

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Demand for physical gold surges
www.cnbc.com

Global consumers aggressively ramped up purchases of physical gold in the April-June period, led by opportunistic buyers in emerging markets at a time when the precious metal suffered a record quarterly loss, the World Gold Council (WGC) said on …

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AM Kitco Metals Roundup: Gold Slightly Higher On Corrective Bounce
www.forbes.com

(Kitco News) – Comex gold futures prices are slightly higher in early U.S. trading Wednesday on an upside corrective bounce after Tuesday's moderate selling pressure. The market is seeing some chart consolidation following recent gains. Traders are …

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