Gold News
The history of the gold sovereigns dates back to 1489 when the first gold coin of this nature was issued with gold sovereigns still being minted today. The original sovereign was produced in the reign of King Henry VII and it is still possible to buy gold sovereigns dating back centuries. In 1604 gold sovereigns [...]
Hot on the heels of news regarding the instalation of a gold bullion vending machine in Abu Dhabi’s Emirates Hotel, it has been announced this week that the Westin Palace Hotel in Madrid is having a similar machine installed. Customers will be able to buy gold bullion to the value of one, five and ten [...]
Spot gold edged higher, tracking upward moves in the euro, and analysts expect more gains. "Until quarter-end is out of the way, gold will likely remain close to all-time highs as funds strive for a positive showing for the quarter," UBS analyst Edel Tully said. In a daily report on technical factors affecting the market, [...]
As the price of gold bullion continues to rise, analysts are considering what makes this precious metal so attractive. Historically gold has always been held in high esteem. It is valued not only for its beauty and power but for its financial worth. Over the years investors buy gold as a safe haven for their [...]
Treasure hunters took up their metal detectors at the weekend to take part in the Tri-State Metal Detecting Club’s annual treasure hunt. Almost £2,000 of gold bullion coins were up for grabs. They were buried around Veterans Park in Mt Vernon for lucky contestants to find. Metal detectors have been used to locate lost treasure [...]
Although gold has pulled back somewhat from record highs, it remains above $1,300 as the dollar weakens and investors continue to have faith in the metal as a refuge. The most-actively traded gold contract, for December delivery, was recently up $1.20, or 0.1%, at $1,309.50 a troy ounce on the Comex division of the New [...]
The world gold comes from the Anglo Saxon word ‘geolo’, meaning yellow and its chemical symbol is Au. Over the years gold has had a fascinating history. From a commodity to a currency, to its use in medicine and as a piece of jewelery, gold bullion is a unique and remarkable precious metal. Gold was [...]
This week saw the price of gold bullion hit an all time high as demand for this precious metal continues to rise. Perhaps now is the time to get out those treasured gold family heirlooms, they could be worth a small fortune. Gold statues, jewellery and coins are commonly past down through the generations. Gold [...]
The price of gold will rise to $1,450 a troy ounce in the next year, according to a poll of bankers, producers and analysts attending the London Bullion Market Association conference in Berlin, the biggest gathering of the precious metal’s industry. If realised, that would mark a 12.5 per cent increase from current record prices [...]
It was a gold rush – but in reverse. For nearly 20 years the world’s central banks, from Canada to Switzerland and Belgium to Australia, were hustling to sell their once prized gold bars. Around the turn of the millennium the selling became so intense that traders joked about “the new miners”, comparing central banks [...]
