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Category Archive for: ‘Gold Price News’

Gold Price – Silver Price Today 8-27-2014

Gold Price – Silver Price Today 8-27-2014 Gold Price London Fix USD GBP EUR AM 1285.00 775.404 974.962 PM 1282.75 773.393 973.447 Silver Price London Fix USD GBP EUR 19.32000 11.65200 14.65600

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China’s Gold Market Dominance

Wednesday April 16, 2014, The World Gold Council (WGC) confirmed in February that 2013 saw China replace India as the world’s largest consumer of gold. For many gold market watchers, that announcement raised the question of how China came to take that position — and, more importantly, if it will be able to keep it. This week, the WGC came …

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Chart of gold inverse correlation to USD.

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Japan gold sales jump 249%

This morning the gold price hit a new seven-week low and yesterday posted its first monthly drop of 2014. Bullion is out of favour at the moment thanks to riskier assets such as equities gaining popularity. A rally in equities markets, in both 2013 and into 2014 has seen demand for gold bullion fall. Gold has remained under pressure in …

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Chinese Gold Demand 418 Tonnes YTD, West Confused

Chinese Gold Demand 418 Tonnes YTD, West Confused Another week (24-02-2014/28-02-2014), another 49 mt of Chinese gold demand in the form of withdrawals from the Shanghai Gold Exchange vaults. Withdrawals year to date account for 418 mt. This brings February Chinese gold demand to 172 mt, down 30 % from an all-time 246 mt record in January. Let’s not talk …

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Gold May Rise close to $2,000 in 2 years

Barrick CEO Says Gold May Rise Close to $2,000 in 2 Years Barrick Gold Corp. (ABX), the world’s largest producer of the metal, said gold prices may retest previous highs and rise toward $2,000 an ounce within two or three years. The metal has probably reached its lows and could exceed $1,500 an ounce in the next year, Barrick Chief …

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Barclays, Deutsche Bank Accused of Gold Fix Manipulation

Lawsuit Filed Manhattan Fed Court Against 5 Banks on Gold Fix Barclays Plc (BARC), Deutsche Bank AG (DBK) and three other banks were accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal. Kevin Maher, a New York resident who says he bought and sold gold and gold futures …

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Bloomberg: Study shows London Gold fix manipulated

There has been a great deal of speculation over the years that the gold price has been manipulated. This concept has been ridiculed by many for years, but it now seems the truth is coming out.   Bloomberg: Study shows signs London Gold fix manipulated for last 10 years The London gold fix, the benchmark used by miners, jewelers and …

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Gold Trade Numbers 2013 Broke All Records

Great article by Koos Jansen re the massive amounts of gold being imported into China. We consider his data to be more accurate than WGC or CPM Group. Gold Trade Numbers 2013 Broke All Records In 2013 the we’ve experienced what kind of extreme buying power China is able to unleash on the physical gold market. Chinese wholesale demand in …

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Bloomberg: Gold fixing prices may be manipulated

Bloomberg: The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. http://www.bloomberg.com/video/are-gold-prices-being-manipulated-by-banks-o~O0nW0NS_uxLJzWjVl7sg.html

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