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Multiple arrests made over 100kg gold coin stolen from museum

Germany has made arrests over the theft of a 100kg gold coin, which was stolen last March from the Bode museum. The “Big Maple Leaf” had a diameter of 53cm and a thickness of 3cm, one of the only five pure gold commemorative pieces issued by the Royal Canadian Mint in 2007. It is made […]

July 13th, 2017 | Posted in Gold News,Mining | Read More »

Gold could hit $1,400 by year end says new report

Despite reaching an eight-week low over concern about upcoming monetary policy, the gold price could still reach $1,400 by the end of December, according to analysts at Bank of America Merrill Lynch. They believe that, as inflation continues to be low, this will cast doubt on the potential for future rate hikes, and therefore pressure […]

July 6th, 2017 | Posted in Gold News,Mining | Read More »

Gold recovers slightly but still vulnerable to shocks

Gold edged higher today, supported by a soft dollar, but still remains vulnerable to shocks based on hawkish central bank sentiment and recovering assets such as equities. The gold price is still hovering around seven-week lows, having been pushed out of the previous price bracket, and touched a low of $1,218.31 yesterday, levels not seen […]

July 4th, 2017 | Posted in Gold News,Mining | Read More »

“Smart” ETF launched as gold stays steady over weak dollar

U.S. Global Investors CEO and chief investment officer Frank Holmes has set up a “smart ETF” that tracks a specialized or rules-based index to help hone in on high return players in the gold mining space. U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEArca: GOAU) will appear on the New York stock exchange […]

June 29th, 2017 | Posted in Gold News,Mining | Read More »

Gold edges up as dollar dips and treasure hunt claims another victim

The gold price has edged up to $1,251.74 at the time of writing on the back of a weaker dollar. The resurgence comes after gold settled at its lowest point for five weeks, as the market deals with the fallout from a hawkish Federal Reserve. The consensus that led to a gold drop is that […]

June 22nd, 2017 | Posted in Gold News,Mining | Read More »

Peter Hambro set to leave Petropavlovsk board

One of the founding members of Petropavlovsk (formerly Peter Hambro Mining plc), Peter Hambro, is expected to be removed from the board when they have their Annual General Meeting (AGM) this Thursday. Hambro had previously stepped down as Executive Chairman, but decided to stay on the board as Executive Director. He faces an election on […]

June 20th, 2017 | Posted in Gold News,Mining | Read More »

Trump leaks keep gold price steady while miner Asanko’s shares crash

The gold price held steady today as the dollar weakened, the yellow metal pushing against the downward pressure from the prospect of another interest rate hike by the Federal Reserve. Spot gold was down 0.03% at $1,268.46/oz at 04:07 GMT. On Wednesday, it reached a high of $1,273.74/oz, its strongest since April 25. US gold […]

June 1st, 2017 | Posted in Gold News,Mining | Read More »

Economic data may push gold down, but it’s not budging easily

The gold price turned downward today as economic data and the prospect for a rate hike are due to be released. August gold, the now most-active futures contract, lost $5.70, or 0.5%, to settle at $1,265.70/oz. Meanwhile the earlier June gold, down to the second most-active contract, fell $6, or 0.5%, to $1,262.10/oz. Gold’s movement […]

May 31st, 2017 | Posted in Gold News,Mining | Read More »

Gold up following Manchester Arena terror attack

A horrific terrorist incident in Manchester occurred last night, in which over 20 people died. The perpetrator initiated an explosion as people were leaving the Manchester Arena after a pop concert. With the incident taking place at 22.35 on Monday in the UK, most of any market reaction has been confined to the Asian session […]

May 23rd, 2017 | Posted in Gold News,Mining | Read More »

Ongoing uncertainty over Trump Scandal keeps gold price up

Spot gold is up at $1,253.50 today compared to Friday afternoon’s $1,247.69. According to India’s Economic Times, the price was influenced by subdued demand of precious metals from jewellers, retailers and industries amid firm equity markets. However one of the most notable factors that put upward pressure on gold was yet again Donald Trump. Murmurs […]

May 22nd, 2017 | Posted in Gold News,Mining | Read More »

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