Mineweb — Russia and Kazakhstan expanded their gold reserves for a seventh straight month in April, buying the metal to diversify assets even as prices slumped the most in three decades. Russian holdings, the seventh-largest by country, climbed 8.4 metric tons to 990 tons, taking gains this year to 3.4…
SINGAPORE (Reuters) – Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world’s second biggest consumer of the precious metal, amid tight physical supplies. KILO BARS SCARCE IN SINGAPORE “Currently, there are no kilo bars in the…
(Mineweb) Higher gold imports have been curtailing the government’s efforts to stem the yawning gap in the country’s current account deficit. However, jewellers in the country are already facing the music, given the extremely perilous situation with low gold stocks and correspondingly high premiums of around $40 per ounce or…
(BANGKOK: Many traders put $300,000 at a time on the counters of the hundreds of gold shops here in the city). We want to hear what is going on in your area of the world… whether it’s about precious metal availability or premiums, inflation, political events, important local news, employment/job…
By Tekoa Da Silva — While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter. George Soros, John Paulson, and Steve Cohen, who in aggregate control…
SINGAPORE, May 16 (Reuters) – Premiums for gold bars rallied to all-time highs in Hong Kong and Singapore on Thursday after bullion’s steepest drop since its April sell-off fuelled another round of buying, constricting supply. Gold bars in Hong Kong fetched premiums of up to $5 an ounce over spot…