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.
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.
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.
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.
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.
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.
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
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.
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.
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.