Gold News
Figures suggest that the sale of home safes has risen by 50% in the last year. Investors have become increasingly concerned about the safety of their investments stored in banks. At the same time, as its price continues to rise, investors have become more inclined to buy gold as a safe haven and recession proof [...]
According to reports today scores of armoured vehicles stacked with gold bars and coins have been pouring out of midtown Manhatten. The rush to buy gold and capitalise on its rising price has presented a problem for the HSBC bank….how to store it all. Apparently HSBC has requested that small retail investors move their gold [...]
Mauritius has become the most recent nation to decide that it will buy gold from the International Monetary Fund (IMF). They have reportedly bought 2 tonnes of the precious metal. Although, this is nothing like the size of purchases made recently by other nations like India and Sri Lanka, it confirms the trend among international [...]
The price of gold is breaking all time records on almost a daily basis at the moment with record highs being met more or less every day last week. The explanation for this continued rise hasn’t changed and investors are continuing to buy gold because of the weakening dollar and because it represents a reliable [...]
As the interest and rush to buy gold continues to increase, criminals are also becoming increasingly interested in gold. On 30th October, a Hong Kong bound plane was forced to turn back to Abu Dhabi airport because it was suspected that thieves who had stolen a suitcase containing 25 gold bars were on board the [...]
Gold made gains of 5% during last week on the back of speculation that worldwide central banks will buy gold as opposed to dollars which has historically been the long-established global reserve currency. The dollar price fell on Monday after a meeting between the finance ministers from 20 major economies. Figures for this year indicate [...]
Gold held above $1,090 an ounce Friday ahead of the US October jobs report. Charlie Morris from HSBC Global Asset Management told CNBC he isn’t “particularly excited” about gold in the short term, but is bullish in the long term. “This story is not over until a typical portfolio has 5-10% invested in gold,” he [...]
A keen metal detectorist has discovered a £1 million hoard of Iron Age gold necklaces in a field in Scotland. The find will significantly change the way experts thought ancient Scottish inhabitants lived. The find is thought to contain valuable “torcs†which are necklaces made from twisted Irish or Scottish sheet gold. The designs are [...]
Despite the stronger dollar, Gold prices surged on Monday night after it was announced that India had plans to buy gold amounting to 200 metric tonnes from the International Monetary Fund. The value of the gold was $6.7bn. On Tuesday a record high was recorded in New York of $1085.95. This represents a 2.9% rise [...]
H&T pawnbroker is profiting from the new gold rush, as an increase in consumers cash in their old jewellery to benefit from record gold prices. H&T has opened 56 “Gold Bars†retail outlets and plans another 20 by the year end. Customers can exchange their gold for cash at gold bar outlets across the country. [...]
