Tag Archives: GoldCore

U.S. Mint suspends silver bullion coin sales after sales double in February Silver investment demand for American Eagles (one ounce) silver bullion coins depletes West Point Mint inventories U.S. Mint suspended sales of American Eagle (1 oz) coins on Feb. 21 because it had no coins left to sell With increased investment demand, the Mint is experiencing a resurgence in steady demand with sustained purchases of the...

-Large Gold Bullion Shipment Moves From London to Dublin Gold Vaults As Brexit Concerns Deepen– Growing demand from investors to relocate tangible assets out of the UK– “Zurich continues to be the most sought-after location for storage, but Dublin has already surpassed Hong Kong and will likely usurp the second spot from London” Gold bars sit across a one kilo gold bar at precious metals storage specialist GoldCore....

For first time in over 16 years, palladium futures settle at a premium to gold futures Gold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S. Caution among traders had deepened “ahead of a no-confidence vote on British Prime Minister Theresa May’s government and other...

Gold Holds Steady Over £1,000 – Increased Likelihood Of A Disorderly Brexit – Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote – Gold is consolidating in range between $1,280 and $1,300/oz (over £1,000/oz and €1,100/oz) – A break of resistance at $1,300 will likely see gold rise rapidly in all currencies – Physical demand for gold coins and bars has picked up in the UK and Ireland,...

Gold Outlook 2019 – World Gold Council As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance: financial market instability monetary policy and the US dollar structural economic reforms. Against this backdrop, we believe that gold has an increasingly relevant role to...

“We’re experiencing a slowdown,” says Blackrock fund manager Global Allocation Fund adding to gold exposure through ETFs Gold “has had a very consistent record of helping mitigate equity risk when volatility is rising” Gold bullion has been a “store of value for a very long time” by Bloomberg News Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected...

China increases gold holdings by large 320,000 ounces Gold bullion remains a tiny component of the People’s Bank of China massive foreign exchange (FX) reserves which rose to $3.073 trillion China’s gold reserves rose for first time since October 2016 to 59.56 million ounces by the end of December (1,853 metric tons) from 59.24 million ounces  Gold climbed 5% in December on equity rout, growth concerns by Bloomberg:...

Gold traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, according to Commodity Futures Trading Commission (CFTC) data. As many of you know, December has historically been a strong...

Gold ETFs saw inflows in volatile October as investors again hedged risk Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of US$1B in inflows Global gold demand was robust in Q3 – demand of 964.3 tonnes – plus 6.2t yoy Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3 Central bank gold reserves grew 148.4t in Q3, up 22% yoy Gold coin and...

(by Reuters from BOSTON, LBMA) The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s (LBMA) annual gathering predicted on Tuesday. A poll of delegates at the LBMA conference in Boston also predicted higher prices in a year’s time for silver, platinum and palladium. Spot gold has had a difficult few months, falling from a high of $1,366.07 in...