Holdings Holdings in global gold-backed ETFs and similar products rose sharply in June by 127 tonnes (t) to 2,548t. This is equivalent to US$5.5bn in inflows. As geopolitical uncertainty increased and central banks signalled a shift to a more accommodative policy over the coming months. This drove rates and the […]
Tag: precious metals
News Bites World’s Biggest Gold Coin On Display At NYSE
Have an eye for gold? How about seeing the world’s biggest gold coin that weighs one metric ton? It’s made out of 99.99% pure gold and is worth more than $50 million based on current spot gold prices. The Australian-made coin will be on display right outside of the New […]
BMO Capital Markets: Macro Backdrop To Keep Gold In Higher Range
Kitco News BMO Capital Markets says the current macroeconomic backdrop is favorable for gold, although market participants have largely already factored in the most favorable development – likely interest-rate cuts in the U.S. BMO Thursday hiked its full-year average gold-price outlook by 3% to $1,332 an ounce and looks for […]
Phil Streible Talks: Gold’s Monster Rally, Can It Continue?
Daniela Cambone At Kitco Phil Streible at RJO Futures, told Kitco News that prices for the gold may still see much higher levels from. Gold’s rally isn’t over yet by any means. Read full article here: >> Or Go Back To All Articles Here: https://goldnotes.com/category/latest/
Gold Price Going To $1,700 Soon Says Billionaire Paul Tudor Jones
Paul Tudor Jones is sounding the alarm for the U.S. and global economies. The billionaire is looking at gold as the safe-haven play. In an interview with Bloomberg News, Paul said that his favorite trade in the next 12 to 24 months is gold. He added that if the price […]
LBMA: Gold Ounces Transferred Daily Rises In April; Silver Volume Falls
The amount of gold transferred between accounts of London Bullion Market Association members rose. This was during April, while silver volume fell, the organization reported Friday. The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members. Essentially providing a snapshot of the amount of […]
Central Banks Are Buying Gold At The Fastest Pace In Six Years
Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years. This is pretty big news, and it says a LOT about the future of the […]
Gold Bulletin: Technical Resolution
“On the surface, activity in precious metals markets was subdued during the week ended Friday, April 26. Spot gold rose 0.85% to $1,290.35 and spot silver increased 0.67% to $15.09. During the week, the U.S. Dollar Index (DXY) increased 0.64% to 98.01 and 10-year Treasury yields declined 6 basis points […]