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by GoldCore Gold Bullion Today’s AM fix was USD 1,667.75, EUR 1,246.82 and GBP 1,034.39 per ounce. Silver is trading at $30.88/oz, €23.24/oz and £19.31/oz. Platinum is trading at $1,665.00/oz, palladium at $705.00/oz and rhodium at $1,150/oz. Cross Currency Table – (Bloomberg) Gold fell $9.70 or 0.58% in New York on Friday and closed at $1,663.20/oz. Silver slipped to as low as [...] London Gold Market Report from Adrian Ash BullionVault Friday 30 Nov, 06:35 EST
Gold Recovers Pre-Jump-and-Slump Level, Forecast to Average $1920 in 2013
GOLD PRICES rose back to $1730 per ounce in early London trade on Friday – the same level seen just before last week’s late jump and subsequent 2.0% sell-off on Wednesday. Silver touched a new 8-week high just shy of $34.40 per ounce, while the broader commodities market ticked lower. Major-government debt prices were [...] Marc Faber, Gold and a Special Picture of Ben Bernanke by Adrian Ash BullionVault Friday, 16 November 2012
What Marc Faber said in Hong Kong this week…
YOU ALWAYS get great presentations from the biggest players in gold and silver at the annual London Bullion Market Association conference.
Being in Hong Kong this year, the world’s premier event for the bullion industry also got lots of great insights from genuine Asian insiders – ICBC, Kotak Mahindra, the [...] by Lawrence Williams, MineWeb.com Surely the biggest non-news gold story of the day was the statement by David Gornall of Natixis, the London Bullion Market Association’s Chjairman, that gold is somewhat underrepresented in terms of the percentage of it held in China’s foreign reserves. “”When comparing China to the U.S., it would seem that in China, gold asset allocation can only go in one direction,” Gornall told the Association’s annual conference being [...] Big Jump in London Gold Trading by Adrian Ash BullionVault Friday, 26 October 2012
Wholesale gold trading through London’s global center just leapt towards summer 2011′s records…
GOLD TRADING in London – heart of the world’s wholesale bullion market – leapt in September.
How come? “The continued economic uncertainty in the Eurozone and US, the end of the holiday period and the start of the Indian festival season boosted clearing turnover,” says trade body the London [...] by GoldCore Gold Bullion
Russia , Turkey, Ukraine Buy Gold But Bullion Tiny Part Of FX Reserves Today’s AM fix was USD 1,663.50, EUR 1,325.18 and GBP 1,053.52 per ounce. Gold fell $5.90 or 0.35% in New York on Friday and closed at $1,663.90. Silver climbed to $31.241 then retreated but [...] by GoldCore Gold Bullion
History May View ECB’s Draghi As “Currency Forger Of Europe” Today the London Bullion Market is closed for a national holiday. Friday’s AM fix was USD 1,666.50, EUR 1,329.16 and GBP 1,051.88 per ounce. Silver is trading at $30.91/oz, €24.77/oz and £19.62/oz. Platinum is trading at $1,550.00/oz, palladium at $647.90/oz and rhodium at $1,025/oz. Gold climbed $0.80 or 0.05% in New York on Friday and closed at $1,669.80. Silver surged to [...] kingworldnews.com With so much worry surrounding the gold and silver markets, today King World News interviewed legendary Pierre Lassonde, to get his thoughts on what to look for going forward. Pierre is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining and past Chairman of the World Gold Council and current Chairman of Franco Nevada. When [...] European central banks have become net buyers of gold for the first time in more than two decades, a significant sign that the role of precious metals in currency markets is not only being reassessed but actually changing, reported The Financial Times, while there also is a campaign afoot to include gold as a Tier 1 bank asset with the Basel Committee on Banking [...] By Jack Farchy in Montreal
The gold market is revving up to reach new record highs in excess of $2,000 an ounce in the next year, according to the average forecast of bankers, traders and investors at the gold industry’s largest annual gathering. The bullish prediction, if correct, suggests that the gold bull market remains intact, despite the price of the metal having already gained almost 30 per [...] Reuters Sep 20, 2011 – 2:40 PM ET The Royal Canadian Mint is on track to raise sales of its silver bullion coins by around 30 percent to 25 million ounces this year and to match last year’s record gold sales of around 1 million ounces, an executive from the Mint said. Speaking on the sidelines of the London Bullion Market Association annual conference, John Moore, executive director [...] By Jack Farchy in Montreal European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionised the bullion market. The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnround from a wave of heavy selling by European central banks. The [...] by Adrian Douglas of Market Force Analysis Bullion Bank Trading – A Closely Guarded Secret! I have written extensively in the past about how the bullion banking members of the London Bullion Market Association (LBMA) trade unbelievable amounts of unallocated gold and silver on a daily basis. See for example “LBMA OTC Market – Alchemists Turn Paper into Gold”. I also managed to introduce spoken testimony on the [...] by idoctor Gold price Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the later part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate [...] |
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