Edition:
United Kingdom

Peter Hobson

LBMA clears Perth Mint of serious wrongdoing in sourcing gold

07 Aug 2020

The London Bullion Market Association (LBMA) said on Friday it would continue to accredit the Perth Mint after an investigation into allegations that it processed unethically sourced gold found no significant wrongdoing.

Stunned by gold's record rise? There's more to come, analysts say

06 Aug 2020

LONDON The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety.

Gold's mega rally faces $2,000 hurdle, but for how long?

04 Aug 2020

LONDON Gold's rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above that level is likely, freeing prices for more record highs, technical analysts said.

102 tonnes of gold changing hands on CME's biggest ever delivery day

31 Jul 2020

LONDON Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record.

102 tonnes of gold changing hands on CME's biggest ever delivery day

31 Jul 2020

LONDON, July 31 Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record.

Investor gold rush in the west offsets collapse of Asian market, WGC says

30 Jul 2020

LONDON A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first half of 2020, the World Gold Council (WGC) said.

METALS-Copper rises as stockpiles fall and industrial activity rebounds

28 Jul 2020

LONDON, July 28 Copper prices rose on Tuesday as stockpiles in London Metal Exchange warehouses dwindled and positive industrial data and government stimulus pointed to rising demand.

Gold eyes $2,000 mark in speedy record-breaking run

28 Jul 2020

LONDON/BENGALURU Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions.

METALS-Copper rises as stockpiles dwindle and the dollar weakens

23 Jul 2020

LONDON, July 23 Copper prices rose on Thursday as available stockpiles in London Metal Exchange (LME) warehouses tumbled and a spike in the cost of metal for immediate delivery pointed to a tightening market.

Silver refuses to be left behind by gold's bull run

22 Jul 2020

LONDON Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.

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