Gold traded below a three-month high on signs that the rally damped physical demand and as investors assessed the outlook for U.S. borrowing costs before Federal Reserve Chair Janet Yellen speaks today. Platinum fell from the highest since September …
So what will be the big winner in the second half? Jeff Kilburg of KKM Financial is eyeing gold, saying that it reminds him of the coffee trade. "Just a month ago, on June 3, we had that $1,240 low in gold. Coffee got thrown to the curb just like gold …
Asia's gold demand will likely pick up through the rest of the year as China's economy improves and hopes grow that India will lift its import curbs, a senior World Gold Council executive said Wednesday. The two countries together account for about 70 …
Gold is generally seen as a safe haven during periods of high inflation. As inflation increases, the value of money decreases and the prices of all goods increase. People prefer to hold gold instead of cash during these periods as gold acts as a …
After shunning gold for more than a year, investors are starting to test the waters as they snap up holdings in the world's largest bullion exchange-traded product at the fastest pace since 2011. Assets in the SPDR Gold Trust, which counts billionaire …
While the primary aim is to improve the quality of India's foreign exchange reserves, the move would ease the supply of gold, even if temporarily, in the local market where duty barriers have given rise to smuggling. Three senior bankers and two gold …
SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday logged their highest settlement in about 11 weeks, as clashes in eastern Ukraine and the Middle East boosted safe-haven demand for the precious metal. Gold for August delivery (CNS:GCQ4) …
Gold futures rose to a 14-week high as the dollar's decline boosted demand for the precious metal as an alternative investment. Platinum climbed to the costliest since September on supply concerns, topping $1,500 an ounce. The greenback touched a …
Gold demand exceeded sales by the smallest margin in four years last month as higher prices spurred some investors to reduce their holdings. BullionVault's Gold Investor Index fell to 51.2, the lowest since February 2010, from 52.4 in May, the London …