Gold News
The Indian gold market which has traditionally been in gold jewellery is shifting towards gold coins and gold bars. Banks, brokers and even post offices in India are promoting the sale of gold coins. The sale of gold coins has been up during the build up to the religious festival Diwali which culminated on Saturday. [...]
Britain’s most prestigious department store is capitalizing on the rising demand for gold bullion with the launch of a new luxury item – gold. Harrods customers can now buy gold in the form of gold bars and gold coins from the store’s private bank. This provides yet another example of how more and more investors [...]
According to reports a new way of making gold has been discovered! A bacterium has been found that turns gold compounds into the metallic gold that we are familiar with. This was discovered when bacteria C. metallidurans was found to be present in two gold deposits in Australia. The most likely use will be in [...]
According to economists the price of gold is set for an explosive rise having reached new record highs last week. The metal reached $1,048.50 an ounce last Wednesday pushing past the peek reached in March last year. The increase is due to investors shifting to buy gold as a safe investment as the dollar price [...]
Yesterday’s daily financial BBC lunchtime programme “Working Lunch†featured an item on gold. The item examined the Asian jewellery market and how it is changing. It featured a family run jewellery business in Leicester and highlighted how the local market is altering. Previously the majority of their sales were of 22 carat gold jewellery but [...]
Today gold bullion prices remained about $1,000 per ounce as a pressurised dollar continued to weaken. The US dollar is under pressure because of last week’s employment data which indicated that future recovery may not be as robust as previously predicted. There had been a wobble in the price of gold on Friday after figures [...]
