"Bullion sales went through the roof," Silver Bullion sales manager Vincent Tie said.
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The bullion is highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion.
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The mint does not sell bullion coins directly to the public, but it offers a directory of bullion dealers online.
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Bullion is sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion, while boosting the dollar.
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The greenback's strength against the yuan was making bullion expensive for buyers in the world's biggest bullion consumer, China, on Thursday, traders said.
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Retail demand, however, remained lackluster this week because of the Shradh period, which is considered inauspicious for buying bullion, said one Kolkata bullion dealer.
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Gold imports in January could fall below 40 tonnes if the bullion prices remain elevated, said a Mumbai-based dealer with a bullion importing bank.
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Bullion is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.
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Bullion is highly sensitive to rising U.S. rates, as these increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.
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Bullion is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
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Expanding our lens to include published bullion holdings for all ETF's, mutual funds and repositories (such as COMEX and TOCOM), bullion holdings have jumped about 22012 percent year-to-date.
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"From a technical point of view, bullion is ... not too far from the $1,280 threshold, which is the first major support area for bullion in this scenario," De Casa added.
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"We're still experiencing shortages in gold and silver as a result of global travel restrictions and also a surge in demand for bullion worldwide," said Silver Bullion sales manager Vincent Tie.
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Intercontinental Exchange's ICE Clear Europe and CME Group's U.S.-based clearing house accept bullion as collateral, but only if it conforms with LBMA criteria, which typically would rule out bullion traded in Asia.
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Gold tends to gain on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion and weighs on the dollar, making bullion cheaper for holders of other currencies.
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For the week, bullion has so far gained about 0.8%.
|
|
The gold index climbed 0.5 percent, despite lower bullion prices.
|
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Bullion prices have risen 558.503 percent so far this year.
|
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Adding pressure to bullion were gains in the equity markets.
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A pause in the equities rally also helped the bullion.
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That hurts demand for bullion, which is priced in dollars.
|
|
Adding to the pressure was a drop in bullion prices.
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Stronger bullion prices helped gold miner Newcrest Mining gain 6.5%.
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The bullion has gained nearly 19% so far this year.
|
|
Bullion dropped below $1300 last week — a key technical level.
|
|
Bullion has risen about 1 percent so far this week.
|
|
For the week, bullion has so far gained about 20.4%.
|
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For the week, bullion has so far gained about 20.5%.
|
|
Bullion has shed more than 2721 percent since its post-U.
|
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But rising interest rates increase the opportunity cost of holding bullion.
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A strong yuan makes bullion cheaper for world's leading consumer- China.
|
|
The bullion touched $20.4,216.03 on Thursday, its weakest since Feb. 21.
|
|
Higher interest rates tend to reduce appetite for non-yielding bullion.
|
|
The bullion has gained about 2791.80 percent so far this week.
|
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The bullion has gained about 20.7 percent so far this week.
|
|
Lower interest rates reduce the opportunity cost of holding the bullion.
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|
A weaker greenback makes bullion cheaper for investors holding other currencies.
|
|
The bullion has lost about 21 percent so far this week.
|
|
The bullion is headed for a sixth consecutive session of gains.
|
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The bullion is headed for a sixth consecutive session of gain.
|
|
A weaker dollar makes bullion cheaper for holders of other currencies.
|
|
Rising rates lift the opportunity cost of holding non-yielding bullion.
|
|
Investment appetite for bullion showed signs of picking up this week.
|
|
Higher U.S. interest rates reduce investor interest in non-yielding bullion.
|
|
Bullion is seen as a hedge against political and economic uncertainty.
|
|
Bullion dealer Sharps Pixley is an ordinary member of the LBMA.
|
|
Higher bond yields make non-yielding bullion less attractive to investors.
|
|
Gold miners shone after bullion prices touched a four-year high.
|
|
Lower yields reduce the opportunity cost of holding non-yielding bullion.
|
|
Losses in bullion stocks weighed on the metals and mining index.
|
|
Her larder consisted of Vienna sausages, raisins, peanuts and bullion cubes.
|
|
Paul Bullion is cast as Lambert, who's...kind of the worst.
|
|
Only gold stocks rose, up about 0.5%, as bullion prices gained.
|
|
Weaker bullion hit gold stocks with Newcrest Mining dropping 1.3 percent.
|
|
S. trade deal lent support to the safe-haven bullion. GMT.
|
|
Bullion had scaled a two-month high of $1,112 on Jan.
|
|
I like the Gold, GLD, or I like gold, the bullion.
|
|
The bullion has shed about 21 percent so far this week.
|
|
Safe-haven bullion has gained over 13% so far this year.
|
|
Earlier in the session, bullion prices touched their highest since Feb.
|
|
ICE runs the London gold auction, which sets a global benchmark price for bullion, and has a daily gold contract that will enable participants, which include most of London's largest bullion banks, to clear their trades.
|
|
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, and bullion has gained nearly $100 in value since the Fed's statement last week that hinted at monetary easing.
|
|
In the previous session, the bullion hit $20.7, its lowest since Jan.
|
|
A weaker dollar makes bullion less expensive for buyers using other currencies.
|
|
Lower interest rates reduces the opportunity cost of holding non-yielding bullion.
|
|
Higher interest rates increase the opportunity cost of holding non-yielding bullion.
|
|
A weaker dollar and softer equities were also supporting bullion, he added.
|
|
Gold miners were among the most influential gainers, even as bullion retreated.
|
|
It also increases the appeal of non-yielding assets such as bullion.
|
|
But long-time gold bull John Paulson cut his bets on bullion.
|
|
However, a slightly weaker dollar gave some support for bullion, analysts said.
|
|
Analysts said negative debt yields around the globe were further supporting bullion.
|
|
But there are several equally big bullion hitters missing from that list.
|
|
Bullion gained 214.30 percent last month, its largest gain since January 867.553.
|
|
A firmer dollar makes bullion more expensive for holders of other currencies.
|
|
Loomis is one of the world's largest operators of professional bullion vaults.
|
|
Bullion was supported on reports of progress in U.S.-China trade negotiations.
|
|
As cash became available over 2017, jewellers and dealers started restocking bullion.
|
|
Bullion prices hit their highest since June 2018 at $1,298.42 on Friday.
|
|
Rising interest rates lift the opportunity cost of holding non-yielding bullion.
|
|
In the previous session, bullion hit a one-week low at $21.23,799.021.90.
|
|
Higher interest rates tend to reduce the appetite for non-yielding bullion.
|
|
Higher interest rates increase bond yields, making non-yielding bullion less attractive.
|
|
Capping the gains, gold stocks dropped nearly 2% on lower bullion prices.
|
|
Gold stocks rose 1.7% as safe-haven demand pushed up bullion prices.
|
|
Lower interest rates reduce the opportunity cost for holding non-yielding bullion.
|
|
In the previous session, the bullion hit $1,191.35, its lowest since Jan.
|
|
Geopolitical risk tends to drive buying of safe-haven investments like bullion.
|
|
Toronto-based Bullion Management Group (BMG), which manages $348 million in assets, launched a silver fund in October and expects its bullion funds will adhere to the new AAOIFI guidance, Nick Barisheff, BMG's founder and chief executive, said.
|
|
Gold market participants will be covered from next year by a new code of best practice brought in to replace the bullion market annex of the Non-Investment Products (NIPs) code, the London Bullion Market Association said on Thursday.
|
|
After examining the charts, he says bullion could climb as high as $1,500.
|
|
Higher interest rates increase the opportunity cost of holding the non-yielding bullion.
|
|
Bullion was testing resistance at the 100-day moving average of about $1,13.
|
|
Earlier in the session, the bullion hit $0.20.82,20.4, a peak since June 563.663.
|
|
Lower rates reduce the opportunity cost of holding bullion, which yields no interest.
|
|
Gold stocks rose 0.3%, as bullion prices benefited from increased tensions over Brexit.
|
|
S. trade tensions and as bullion failed to surpass a strong technical resistance.
|
|
Earlier in the session, the bullion hit $214.29,0.13, its highest since Nov. 20.1.
|
|
Stocks rose marginally but were held back as bullion shares came under pressure.
|
|
But owning bullion — or other physical gold, like jewelry — carries an extra cost.
|
|
Earlier in the session, the bullion rose 222 percent to $2818.50,288.34 per ounce.
|
|
Even so, the lure of a potential multi-bullion dollar market is inescapable.
|
|
Anglo American no longer has gold assets but historically was a bullion producer.
|
|
Bullion bounced back on Thursday after hitting a 2500-month low on Dec.
|
|
The latter no longer has gold assets but historically was a bullion producer.
|
|
S. trade, Hong Kong-based bullion dealer Wing Fung said in a note.
|
|
Bullion is often used as a safe haven in times of economic stress.
|
|
On Monday, bullion had touched $1,324.32, the highest in more than three weeks.
|
|
Bullion prices were hovering just above its 100-day moving average at $1,275.
|
|
The dollar index eased against major currencies, making bullion cheaper for non-U.
|
|
Right next to the table, there were shelves of more gold bullion goodies.
|
|
There were various flavors of chocolate shaped and dressed up like gold bullion ...
|
|
Earlier in the session, bullion prices dropped to $1,237.32, their lowest since Dec.
|
|
Bullion was on track to see its strongest weekly performance since mid-October.
|
|
A lower interest rate trims the opportunity cost of holding non-yielding bullion.
|
|
Like other scams, the bullion you are supposed to own may not exist.
|
|
Nathan Jenkins is a Lisbon-based producer who creates under the name Bullion.
|
|
Lower interest rates reduce the opportunity cost of holding non-yielding bullion. ounce.
|
|
The ASX bullion index was poised for a fourth straight session of gains.
|
|
Bullion is considered a safe asset during times of financial and political uncertainty.
|
|
In the previous session, the bullion hit $1,20.2, its highest since Dec. 0.26.60.
|
|
Paul Bullion will play the Witcher Lambert in Netflix's 'The Witcher' Season 2.
|
|
Jackets were brocade and long or matador-short and encrusted with gold bullion.
|
|
Gold stocks, however, rose 1.7% as safe-haven demand pushed up bullion prices.
|
|
Bullion climbed further to a near-seven-year peak of $1,610.90 on Jan.
|
|
Recently, bullion has underperformed markedly when compared to other periods of market duress.
|
|
Gold stocks also strengthened after bullion prices rallied overnight against a weaker dollar.
|
|
Bullion has since seen a positive month in October, rising by around 2 percent.
|
|
Gold miners were a particular weight, as bullion prices steadied after the Fed minutes.
|
|
Gold miners weighed, extending recent weakness as bullion fell on a strong U.S. dollar.
|
|
Rising rates lift the opportunity cost of holding non-yielding assets such as bullion.
|
|
The dollar was down 0.2 percent, making bullion cheaper for investors holding other currencies.
|
|
Gold stocks rose 0.3%, as bullion prices inched up from increased tensions over Brexit.
|
|
Meanwhile, gold prices advanced to a 28.9-week high, driving gains in bullion stocks.
|
|
Bullion is seen peaking in 2017 before slowing trailing off between 2018 and 2021.
|
|
Lower interest rates cut the opportunity cost of holding bullion, which carries no yield.
|
|
Since the Brexit referendum, for example, bullion is up by 19% in sterling terms.
|
|
A softer dollar makes the greenback denominated bullion cheaper for investors holding other currencies.
|
|
A halt in interest rate increases would be beneficial for non-interest bearing bullion.
|
|
"So far in 2016 our bullion business is down nearly 75 percent," he said.
|
|
As of June 30, 2016, Resolute had A$102 million in cash and bullion.
|
|
A higher dollar makes bullion more expensive for holders of other currencies, curtailing demand.
|
|
Gold is also drawing support from flows into bullion-backed exchange traded funds (ETF).
|
|
It was helped by gains for gold miners, as bullion climbed nearly 2 percent.
|
|
Bullion is down more than 0.5 percent in September, its sixth straight monthly loss.
|
|
Weakness in equity markets was also lifting demand for safe-haven bullion, Menke said.
|
|
However, there is renewed confidence on bullion in certain parts of the investment community.
|
|
They also push up U.S. bond yields, reducing the attraction of non-yielding bullion.
|
|
Higher yields increase the opportunity cost of holding non-yielding assets such as bullion.
|
|
The opportunity cost of holding non-interest bearing bullion increases when yields rise elsewhere.
|
|
Gold hovered near last week's six-month low as investors chose Treasuries over bullion.
|
|
However, prices have risen since then as stock markets dipped, improving demand for bullion.
|
|
Meanwhile, gold-related stocks tumbled 2.01% as bullion prices slipped on calmer geopolitical conditions.
|
|
Falling bullion imports could help reduce India's trade deficit and support the ailing rupee.
|
|
In the previous session, bullion prices had hit a seven-year high at $1,623.45.
|
|
Gold stocks rose nearly 2% as global economic growth concerns propped up bullion prices.
|
|
The GLD ETF and gold bullion futures were both trading slightly higher Tuesday. Disclaimer
|
|
A Fed rate hike generally lifts bond yields, making non-yielding bullion less attractive.
|
|
The trade tensions weighed on equity markets, boosting the appeal of safe-haven bullion.
|
|
S. trade tensions, which prompted investors to sell riskier assets and boost safe-haven bullion.
|
|
Bullion prices were headed for a 2 percent monthly decline, their lowest since September 2017.
|
|
Bullion prices have recovered about 6 percent from 19-month lows hit in mid-August.
|
|
Expectations of further U.S. interest rate increases lower demand for the non-interest-paying bullion.
|
|
Here's what happened to bullion and other related securities, on average, in the following month.
|
|
Gold stocks also slipped 0.3 percent lower after bullion prices fell to four-month lows.
|
|
Gold prices gained as the U.S. rate cut bets encouraged investors to flock toward bullion.
|
|
Higher rates discourage the buying of non-interest-paying bullion, which is priced in dollars.
|
|
The latter no longer has gold assets but at one time was a bullion producer.
|
|
Non-yielding bullion is often seen as a safer investment during political and financial turmoil.
|
|
Higher bond yields increase the opportunity cost of holding bullion, and also supports the dollar.
|
|
Bullion is forecast to average at $1,118 an ounce, the lowest annual average since 2009.
|
|
On Thursday, bullion jumped about 2.5 percent on safe-haven buying during the equities selloff.
|
|
Appetite for gold overnight in Asia, home of the world's biggest bullion markets, was soft.
|
|
Inflows into gold exchange-traded funds (ETF) continued, suggesting that some confidence in bullion remained.
|
|
Since Wednesday, bullion has risen $70 after Fed's dovish comments and increased Middle East tensions.
|
|
The United States Mint produces American Eagle coins in gold, silver, platinum or palladium bullion.
|
|
He also founded the ETP Gold Bullion Securities and is worth an estimated $500 million.
|
|
Providing additional support to bullion were increasing signs of a global economic slowdown, analysts said.
|
|
Some central banks often use bullion to diversify their reserves away from the U.S. dollar.
|
|
Refiners are buying more scrap gold but are not seeing higher sales of bullion bars.
|
|
Inflows into gold exchange-traded funds (ETF) continued, suggesting that some confidence in bullion remained.
|
|
A stronger dollar helped push prices lower by making bullion more expensive for non-U.
|
|
Bullion-backed exchange-traded funds have experienced outflows in recent days, weighing on gold prices.
|
|
Further weighing on bullion, U.S. 10-year Treasury yields rose to highest since Aug. 1.
|
|
Gold stocks rose 1.6% as bullion prices increased on safe haven buying, following Sino-U.
|
|
Bullion has risen by about 1.7% so far this month and 1.6% for the week.
|
|
Higher rates lift the opportunity cost of investing in non-yielding assets such as bullion.
|
|
Gains for gold miners helped limit losses, as bullion rose with a weaker U.S. dollar.
|
|
Lower interest rates reduce the opportunity cost of holding bullion and weigh on the dollar.
|
|
Higher interest rates increase bond yields and tend to make non-yielding bullion less attractive.
|
|
In the previous session, the bullion dropped to $1,509.03, its lowest level since Aug. 12303.
|
|
Lower interest rates and Treasury yields reduces the opportunity cost of holding non-yielding bullion.
|
|
In the previous session, the bullion dropped to $1,509.03, its lowest level since Aug. 23.
|
|
Adding some pressure on bullion was a firm dollar, while Asian equities posted modest gains.
|
|
Bullion production for the period fell to 344,752 ounces from 598,517 ounces a year earlier.
|
|
Bullion has bounced 19% this year, even as stocks have soared to all-time highs.
|
|
The United States Bullion Depository at Fort Knox is home to the country's gold reserves.
|
|
In the previous session, bullion rose as much as 1% to its highest since Dec.
|
|
With global risk appetite walloped, anxious investors increasingly turned to safer avenues such as bullion.
|
|
Gold stocks retreated as abating Middle East tensions dampened demand for the safe-haven bullion.
|
|
Gold prices rose as a slide in equities spurred demand for the safe-haven bullion.
|
|
Bullion fell more than 2 percent last week, the first weekly decline in seven weeks.
|
|
S. investors while rising interest rates increase the opportunity cost of holding non-yielding bullion.
|
|
Lower yields help gold prices by reducing the opportunity cost of holding non-yielding bullion.
|
|
Gold stocks were the sole gainers in the region, adding 1.3% as bullion prices firmed.
|
|
"The most important thing that gold is that it's looking at two rate increases this year which is adding pressure on gold, making the scenario weak for bullion," said ActivTrades chief analyst Carlo Alberto De Casa, who said bullion remained in a bearish trend.
|
|
"The unrest has hit the retail market and jewellery demand," said one Hong Kong bullion dealer.
|
|
S. friction dented demand for bullion ahead of the minutes from U.S. Federal Reserve's latest meeting.
|
|
However, holdings fell nearly 7% so far this year, indicating a subdued investor interest in bullion.
|
|
Weighing on bullion, however, the dollar rose to its strongest against major rivals since mid-October.
|
|
However, holdings have declined nearly 7% so far this year, indicating subdued investor interest in bullion.
|
|
Bullion had fallen by 20.99 percent on Tuesday, its biggest one-day drop since May 220.32.
|
|
On the technical side, the $217,21 barrier has proved a crucial pivot for bullion, analysts said.
|
|
On the technical front, the $0.53,300 barrier will prove a crucial pivot for bullion, analysts said.
|
|
Rate increases also pressure gold prices by increasing the opportunity cost of holding non-yielding bullion.
|
|
Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
|
|
Indian households own 23,000 tonnes, three times more than the bullion held by America's Federal Reserve.
|
|
Hurting bullion appeal, the dollar index rose 0.2% on Wednesday easing away from multi-month lows.
|
|
That drove Treasury yields higher, denting interest in non-yielding bullion while boosting the U.S. currency.
|
|
However, holdings have declined nearly 183% so far this year, indicating subdued investor interest in bullion.
|
|
It already offers a combination of electronic and voice trading likely to appeal to bullion traders.
|
|
Anglo American quit the bullion sector in 2009, the effective cut-off date for its claimants.
|
|
Hurting bullion appeal, the dollar index gained 0.1% on Wednesday crawling away from multi-month lows.
|
|
Bullion touched a one-week low earlier in the session, mainly pressured by a strong dollar.
|
|
Since these rate increases tend to help the dollar, that would be good news for bullion.
|
|
Lower interest rates reduce the opportunity cost of holding nonyielding bullion and weigh on the dollar.
|
|
Meanwhile, gold prices dipped as the dollar firmed, making bullion expensive for holders of other currencies.
|
|
Second, the relative performance of gold equities versus bullion has proved similarly disconcerting during recent years.
|
|
Sprott Asset Management LP is the investment manager to the Sprott Physical Bullion Trusts (the "Trusts").
|
|
Rising U.S. interest rates increase the opportunity cost of holding non interest-bearing assets like bullion.
|
|
Outflows were seen from bullion-based exchange-traded funds after hefty inflows earlier in the year.
|
|
Higher rates would weigh on gold by lifting the opportunity cost of holding non-yielding bullion.
|
|
Lower interest rates tend to pressure the dollar and increase investor interest in non-yielding bullion.
|
|
On the technical front, the $1,300 barrier will prove a crucial pivot for bullion, analysts said.
|
|
Prices have also been supported by purchases of physical gold by bullion-backed exchange-traded funds.
|
|
The greenback's losses, hurt by unexpectedly flat U.S. retail sales data, also helped push bullion higher.
|
|
Bullion ended last month with a gain of 21500 percent, its largest gain since January 2015.
|
|
Higher interest rates discourage the buying of non-interest-paying bullion, which is priced in dollars.
|
|
Fewer U.S. interest rate hikes would lower the opportunity cost of holding non-interest bearing bullion.
|
|
One trader, however, says bullion is being pressured more from speculators and investors abandoning their positions.
|
|
Rising bond yields tend to lift the dollar and depress the appeal of non-yielding bullion.
|
|
Higher rates lower demand for non-interest-paying bullion, which is priced in the U.S. currency.
|
|
However if yields were to ease, bullion could recover lost ground over the coming days, Forex.
|
|
A vote for Brexit is expected to spur a rush to safe haven assets like bullion.
|
|
A slowing of rate hikes could help bullion, keeping down the opportunity cost to hold it.
|
|
The trade tensions also weighed on equity markets on Friday, boosting appeal for safe-haven bullion.
|
|
Among gainers, gold stocks climbed more than 2.3% as investors rushed to the safety of bullion.
|
|
However, bullion has gained nearly 8% so this month, heading for a fourth consecutive monthly gain.
|
|
Further supporting bullion, U.S. 10-year Treasury yields resumed their slide back towards Monday's record low.
|
|
Bullion is seen as a safe store of value during times of economic and political turmoil.
|
|
Also providing further support to the bullion, the dollar slipped to an over one-month low.
|
|
Bullion was down 0.931.50 percent for the week and was headed for a second weekly decline.
|
|
Higher U.S. interest rates make bullion less attractive to investors since gold does not pay interest.
|
|
In the previous session, bullion prices surged to their highest since March 25, 2013 at $1,612.62.
|
|
However, overall activity was muted due to the golden week holiday in top bullion consumer China.
|
|
Gold prices, however, touched one-week highs as investors globally flocked to the safety of bullion.
|
|
Global equities remained near a five-month high on Tuesday, reducing demand for non-yielding bullion.
|
|
In recent days, rumors have swirled about Russian mercenaries, massive bullion shipments and murky assassination plots.
|
|
Further gold liquidation from emerging markets to strengthen local currencies also pressured bullion, several traders said.
|
|
Meanwhile, gold stocks gained 0.3%, benefiting from higher demand for safe-haven bets and bullion prices.
|
|
The stronger dollar hurts gold because it makes bullion more expensive for buyers with other currencies.
|
|
Limiting the upside for safe-haven bullion, however, were positive economic readings from the United States.
|
|
In the previous session, the bullion hit its highest since April 19, 2018 at $13,348.08 an ounce.
|
|
Lower interest rates decrease the opportunity cost of holding non-yielding bullion, and weigh on the dollar.
|
|
Bullion traders also awaited this week's Federal Reserve meeting to gauge the outlook for U.S. monetary policy.
|
|
Lower rates reduce the opportunity cost of holding non-yielding bullion, making it more attractive to investors.
|
|
But investors are still putting money into bullion even as these classic anti-gold trends pop up.
|
|
"Enough gold was mined until 1530 to establish over four million dollars in Spanish bullion," said Rolón.
|
|
Gold stocks advanced 20.4% after bullion prices rose on expectations of monetary policy trimming from the Fed.
|
|
A weak dollar and a more dovish Federal Reserve has also aided the investment case for bullion.
|
|
Bullion seems to have found a base around $1,270 despite failing to break much higher, analysts said.
|
|
A stronger bullion price, however, lifted Newcrest Mining and OceanaGold Mining 2.5 percent and 3.1 percent respectively.
|
|
Analysts also said dovish central banks and negative debt yields around the globe were further supporting bullion.
|
|
Higher rates tend to boost the dollar and increase the opportunity cost of holding non-yielding bullion.
|
|
It's not the first time the LME has ventured into the opaque world of London's bullion trade.
|
|
Higher rates tends to boost the dollar and increase the opportunity cost of holding non-yielding bullion.
|
|
Expectations of policy easing by major central banks boosted stocks globally, reducing demand for non-yielding bullion.
|
|
That means that bullion is in the midst of its longest losing streak in nearly a year.
|
|
Also providing further support to the bullion, the dollar slipped to an more than one-month low.
|
|
Bullion-backed exchange-traded funds have seen outflows of late following sharp inflows earlier in the year.
|
|
"You should own gold stocks... They're still priced very, very well compared to the bullion, " he said.
|
|
Bullion narrowed losses following news that Boris Johnson would replace Theresa May as Britain's new prime minister.
|
|
A slower pace on interest rate hikes could help bullion, which is a non-interest paying asset.
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Gold stocks, however, declined 1% as bullion prices fell to their lowest in a week on Tuesday.
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The U.S. dollar index was up 0.2 percent, making bullion more expensive for holders of their currencies.
|
|
Gold prices fell as investor appetite for riskier assets recovered slightly, denting demand for safe-haven bullion.
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Gold is highly sensitive to rising rates, which increase the opportunity cost of holding non-yielding bullion.
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|
Canada-listed gold miners offset the losses as bullion extended a rally to a three-week high.
|
|
Meanwhile, hurting bullion appeal, the dollar index rose 0.2% on Wednesday moving away from multi-month lows.
|
|
A stronger euro potentially boosts demand for gold by making dollar-priced bullion cheaper for European investors.
|
|
A softer greenback generally decreases the cost of dollar-denominated bullion for investors paying in other currencies.
|
|
A weaker dollar makes dollar-denominated bullion cheaper for holders of other currencies and can increase demand.
|
|
The SGE, the world's biggest physical bullion exchange, launched the gold international trading board in September 2014.
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However, rising global political and economic uncertainties prompted some investors to buy bullion as a safe haven.
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|
Ross Norman, chief executive of bullion dealer Sharps Pixley, described IBA as "a solid and safe choice".
|
|
Bullion had jumped toward its biggest one-year rise in seven years because of the weakening dollar.
|
|
The dollar index hit a near three-week peak, making bullion expensive for holders of other currencies.
|
|
Gold miners held the Canadian index back, as investors shunned bullion, typically seen as a safe haven.
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That amount is estimated at 2.2 million euros ($2.5 million) in bills, gold bullion and gold coins.
|
|
Lower interest rates would support gold because they reduce the opportunity cost of holding non-yielding bullion.
|
|
This weighed on gold as tighter monetary policy raises the opportunity cost of holding non-yielding bullion.
|
|
Rising yields tend to weigh on gold by increasing the opportunity cost of holding non-yielding bullion.
|
|
Gold stocks declined 1.7% after bullion prices inched lower as survey data from China abated investor worries.
|
|
Bullion has risen 4% so far this week, on track for its best week since late June.
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Bullion has risen 3.3% so far this week, on track for its best week since early August.
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Lower interest rates reduce the opportunity cost for holders of bullion, an asset that brings no interest.
|
|
A stronger euro could boost demand for gold by making dollar-priced bullion cheaper for European investors.
|
|
Losses were limited by political tumult in the United States which fueled safe-haven demand for bullion.
|
|
Gold stocks, however, benefited on safe haven demand with bullion prices jumping more than 1% on Tuesday.
|
|
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and usually pressure the dollar.
|
|
In the previous session, prices of the safe-haven bullion climbed to their highest level since Sept.
|
|
Gold stocks dropped as much as 2.9% to a near six-month low on falling bullion prices.
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|
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar.
|
|
There are also Sacai pants I love — gray flannel with a bullion trim and a self-belt.
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In the previous session, the bullion hit its highest since April 19, 2018 at $1,348.08 an ounce.
|
|
Adding further pressure on bullion was positive U.S. retail sales data, which rose more than expected in June.
|
|
Lower interest rates would support bullion as they reduce the opportunity cost of holding the non-yielding metal.
|
|
Several major gold miners were among the most influential gainers as bullion recovered from a five-week low.
|
|
Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both operating and disused mines.
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|
MORE treasured than the bullion in its vaults are the data a bank has stored on its servers.
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|
Wall Street equities were trading lower, weighed down by technology shares, which helped bullion accumulate safe-haven bids.
|
|
The non-yielding bullion is often seen as a safer investment during times of political and financial uncertainty.
|
|
The non-yielding bullion is often seen as a safer investment during times of political and financial uncertainty.
|
|
Bullion enjoyed a ten-year bull market from 2001 to 2011, when it peaked at $1,898 an ounce.
|
|
Bullion traders will be eyeing the minutes for clues about the outlook for the Fed's rate hike path.
|
|
Last year a competitor, Bullion Refinery, entered the market, and is now thought to be exporting similar quantities.
|
|
Gold is highly sensitive to falling interest rates, which cut the opportunity cost of holding non-yielding bullion.
|
|
Curbing gains were bullion miners which fell 2.2% on a lower spot gold price after the Fed signals.
|
|
Since Wednesday, bullion has risen as much as $70 after Fed's dovish comments and increased Middle East tensions.
|
|
Gold mining stocks were the most influential movers on the index, helped in part by higher bullion prices.
|
|
Further weighing on the bullion prices was a firm U.S. equities market propped up by the technology sector.
|
|
Bullion gained late on Wednesday as the Fed stayed pat on interest rates in the world's biggest economy.
|
|
That has at least one investor rethinking his bullishness on bullion, even as others still have high hopes.
|
|
Jewellers were buying due to improved retail demand, a Mumbai-based dealer with a bullion importing bank said.
|
|
Bullion recently set an important bottom near $1130 per ounce, a level traders are now watching very closely.
|
|
The news had sent bullion prices to their lowest since April 20.35 in the previous session, at $0.813,20.81.
|
|
Lower rates tend to weigh on the dollar and decrease the opportunity cost of holding non-yielding bullion.
|
|
Bullion also largely ignored a robust dollar, which held close to a seven-week peak against key rivals.
|
|
Lower interest rates weigh on the dollar and bond yields, increasing the appeal of non-interest bearing bullion.
|
|
There may be enough momentum for bullion to rise above $1,160 and test the $1,200 mark, said Lan.
|
|
Higher rates increase bond yields, making the non-yielding bullion less attractive and tend to boost the dollar.
|
|
However, bullion gave up some gains after data pointed to a rebound in U.S. manufacturing activity in March.
|
|
Prices in China were largely on par with the global price, giving banks little incentive to import bullion.
|
|
Bullion has risen 13.5 percent year-to-date and is traditionally seen as safe haven like U.S. Treasurys.
|
|
S. trade conflict, although a stronger dollar amid fears of a slowdown in global growth weighed on bullion.
|
|
Higher interest rates put pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.
|
|
Elsewhere, soaring stock markets also detracted attention from gold, the WGC said, denting interest in bullion-backed ETFs.
|
|
Bullion bids should remain keenly sought, with increased prospects of a hard Brexit, OANDA wrote in a note.
|
|
But restricting gold imports is an easy way to curtail outflows without affecting people's lives, bullion bankers said.
|
|
"Usually demand moderates after Diwali," said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
|
|
A firmer greenback makes bullion expensive for holders of other currencies as the commodity is priced in dollars.
|
|
Gold is highly sensitive to rising interest rates, which increase the opportunity cost of holding non-yielding bullion.
|
|
The metal tends to suffer when interest rates rise, increasing the opportunity cost of holding non-yielding bullion.
|
|
The metal is highly sensitive to rising rates, which increase the opportunity cost of holding non-yielding bullion.
|
|
The pilot saw more than 600 over-the-counter test bullion trades settled over a two-week period.
|
|
Expectations of higher bond yields are also weighing on non-yielding bullion keeping it range-bound, Sharma added.
|
|
Almost all jewellery shops in Mumbai's Zaveri Bazaar, India's biggest bullion market, were deserted on Friday, dealers said.
|
|
Since Wednesday, bullion has risen as much as $70 after Fed's dovish comments and increased Middle East tensions.
|
|
The greenback's weakening propelled gold higher as the dollar-denominated bullion became cheaper for buyers using other currencies.
|
|
Bullion has been on a downtrend since touching $1,365.23 on April 11, then the strongest since Jan. 0433.
|
|
Safen-haven gold stocks found favor amid the wider rout, strengthening 5% on a rise in bullion prices.
|
|
"Demand has been slowly improving," said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
|
|
However, the bullion did pare some gains from the 0.9% jump it saw earlier during the volatile session.
|
|
Gold stocks plunged as much 13.6% to their lowest in over one year as bullion prices declined overnight.
|
|
Gold stocks plunged as much 4.7% to their lowest in over a week as bullion prices declined overnight.
|
|
Among gainers, gold stocks rose 4.1%, as bullion prices surged on the emergency rate cut by the Fed.
|
|
Higher interest rates tend to boost the dollar and raise the opportunity cost of holding non-yielding bullion.
|
|
The stronger euro benefits gold prices by making dollar-denominated bullion cheaper for European investors, potentially boosting demand.
|
|
The bullion gained 0.7 percent in the previous session, in its biggest single-day rise since Aug. 24.
|
|
In June, he said he was a buyer of the bullion on expectations that the dollar would weaken.
|
|
Bullion largely ignored positive momentum in the dollar and world stocks following a host of robust economic data.
|
|
Gold stocks dropped 1.6% after adding over 2% in the past two sessions amid weakness in the bullion.
|
|
Chinese bullion importing banks generally get fresh quotas during the beginning of the year, analysts and traders said.
|
|
Higher U.S. rates tend to damage gold prices because they increase the opportunity cost of holding non-yielding bullion.
|
|
Investors often sell gold to buy other asset classes when interest rates rise since bullion does not pay interest.
|
|
Bullion is likely to break to $0.553,311 as it has cleared resistance at $1,299, Reuters analyst Wang Tao said.
|
|
Higher interest rates generally dent demand for non-yielding bullion while strengthening the dollar, in which it is priced.
|
|
Metals expert Suki Cooper of Standard Chartered said last month she expects bullion prices to move higher this year.
|
|
Bank of Baroda, HDFC Bank and Bank of Nova Scotia were among the 16 banks allowed to import bullion.
|
|
With nearly 22016% gained so far this week, bullion is also set to post its sixth consecutive weekly rise.
|
|
Gold is sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion.
|
|
Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion.
|
|
Lower interest rates tend to lift gold as it reduces the opportunity cost of holding the non-yielding bullion.
|
|
Higher U.S. rates tend to boost the dollar and Treasury yields, adding pressure on greenback-denominated, non-yielding bullion.
|
|
The coins are viewed as a more affordable form of investment in physical bullion than the much larger bars.
|
|
Investors often sell gold to buy other asset classes when interest rates rise since bullion is non-interest bearing.
|
|
But other factors, including a lower interest rate environment, was likely to keep safe-haven bullion supported, analysts said.
|
|
Bullion prices pared gains after an industry report showed the U.S. economy's service sector grew more quickly in March.
|
|
Bullion is highly sensitive to U.S. interest rates, which raise the opportunity cost of holding nonyielding, dollar-denominated gold.
|
|
However, bullion gave up some its gains after data pointed to a rebound in U.S. manufacturing activity in March.
|
|
"We received non-stop phone calls of people trying to sell their gold, their bullion, their jewelry," Kay said.
|
|
Gold was also under pressure from a stronger dollar that made bullion more expensive for holders of other currencies.
|
|
Gold is highly sensitive to rising interest rates, as these increase the opportunity cost of holding non-yielding bullion.
|
|
Safe-haven buying stemming from the U.S. missile attack on Syria lifted demand for bullion, but that eventually evaporated.
|
|
Political tensions in the Middle East were also offering underlying support for bullion, a safe-haven asset, analysts said.
|
|
Gold mining companies were among the gainers as the bullion price rose 1 percent after the U.S. inflation data.
|
|
Safe-haven gold stocks bucked the wider trend to gain as much as 1.8 percent on robust bullion prices.
|
|
But cost overruns, environmental issues, labor unrest, political opposition and falling bullion prices contributed to Barrick's decision on Oct.
|
|
Higher rates dent the appeal of non-interest yielding bullion while lifting the dollar, in which it is priced.
|
|
S. trade deal hopes buoyed the dollar and improved risk appetite, blunting investors' interest in the non-yielding bullion.
|
|
While that kept prices of the precious metal under pressure, geopolitical risk pulled bullion prices back from earlier losses.
|
|
Political tensions in the middle east were also offering underlying support for bullion, a safe-haven asset, analysts said.
|
|
The London Bullion Market Association did not comment when asked whether the suspension was linked directly to the sanctions.
|
|
Gold is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non-yielding bullion.
|
|
The bullion miner plans to acquire half of Asanko Gold Ghana's 2300 percent interest in the Asanko Gold Mine.
|
|
Bullion is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding gold.
|
|
It is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion.
|
|
Meanwhile, demand for the bullion was tepid in other major Asian hubs as well, weighed down by higher prices.
|
|
The building looks like a bar of gold bullion but, after all, it's Vegas; Mandalay Bay is equally blinding.
|
|
Buoyancy in U.S. Treasury yields also weighed on appetite for non-interest bearing assets such as bullion, analysts said.
|
|
The 24-carat gold is sourced from a venture between Indian bullion importer MMTC and Swiss gold refiner PAMP.
|
|
Combined turnover in the four contracts equated to close to 638,000 ounces of bullion worth more than $800 million.
|
|
But that has made bullion, which normally acts as a safe haven in times of crisis, attractive to some.
|
|
Bullion prices have shed nearly 20.2% since hitting a more than 217.92-year peak of $1,557 on Sept. 4.
|
|
Bullion prices have shed nearly 541.993% since hitting a more than 2541.99-year peak of $20.8,217.82 on Sept. 4.
|
|
These prices are highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding bullion.
|
|
"We've seen substantially more interest in silver versus gold this week," said Vincent Tie, sales manager at Silver Bullion.
|
|
The dollar index dipped to a three-month low on Tuesday, making bullion cheaper for investors holding other currencies.
|
|
Bullion prices have shed nearly 936.738.13% since hitting a more than 20.1-year peak of $217.95,557 on Sept. 4.
|
|
On Wednesday, the bullion ended lower but remained around its over six-year peak of $2473.56,554.56 hit on Monday.
|
|
Gold tends to appreciate on expectations of lower rates, which reduce the opportunity cost of holding non-yielding bullion.
|
|
Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding nonyielding bullion.
|
|
In top consumer China, bullion was sold at a premium of $5-$6 an ounce, unchanged from last week.
|
|
"Smugglers grabbed market share by offering discounts," said Surendra Mehta, the secretary of the India Bullion and Jewellers Association.
|
|
Gold is highly sensitive to rising interest rates because they increase the opportunity cost of holding non-yielding bullion.
|
|
The dream run for gold stocks ended, as abating Middle East tensions dampened demand for the safe-haven bullion.
|
|
Profit-taking on Thursday caused bullion to retreat from a 21445-week high of $1,127.80 reached the previous day.
|
|
Retail purchases could rise next week due to Dussehra, said a Mumbai-based dealer with a bullion importing bank.
|
|
The U.S. dollar also rose against a basket of rivals, making bullion more expensive for holders of other currencies.
|
|
The case against her will not be as simple as opening a bullion-stuffed vault in the Swiss Alps.
|
|
That would likely prompt a rise in U.S. Treasury yields, lifting the opportunity cost of holding non-yielding bullion.
|
|
Higher U.S. interest rates are gold-negative because they raise bond yields, reducing the appeal of non-yielding bullion.
|
|
Inflation is seen as gold-positive, with bullion viewed as a safe store of value when price pressures rise.
|
|
Lower interest rates weigh on the dollar, bond yields and decrease the opportunity cost of holding non-yielding bullion.
|
|
These benefits are also what have caused gold to evolve from the somewhat antiquated bullion vaults of old, however.
|
|
Adding to the pressure on bullion are expectations that the Federal Reserve will raise interest rates again in September.
|
|
A lower U.S. currency makes dollar-denominated gold cheaper for holders of other currencies, which typically boosts bullion demand.
|
|
Trump's upbeat comments supported Asian stocks, holding back bullion, which is favoured in times of political and financial uncertainty.
|
|
The Brexit lifted not just bullion but gold stocks as well, with many of them climbing to fresh highs.
|
|
He will charge "just like, however many suitcases of gold bullion you can acquire" to speak at corporate retreats.
|
|
Bullion also faced strong technical resistance after it failed to break above the key $214.10,22016 per ounce level on Tuesday.
|
|
Gold tends to rise on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.
|
|
Reflecting investor interest toward bullion, speculators trimmed their net short positions in Comex gold contracts in the week to Dec.
|
|
Now for [2017] we think gold stocks are going to be up a lot and also the bullion and silver.
|
|
Kirkland is a midsized producer operating four gold mines and two mills in a bullion-rich belt of northeastern Ontario.
|
|
Gold tends to gain on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.
|
|
The discrepancy in price direction between the bullion markets was due to Wednesday's late-day weakness in the spot market.
|
|
Gartman feels the time to be bullish on bullion is not until after the first interest hike of the year.
|
|
The prospect of a strengthening greenback is currently weighing on spot gold prices, casting a gloomy shadow over bullion producers.
|
|
Lau added that hopes for monetary policy easing by central banks across the globe provided some support for the bullion.
|
|
Bullion remains on a three-week winning streak, but it's a far cry from the levels predicted by the analyst.
|
|
"We're uncertain about what the government will do next," said Daman Prakash Rathod, a director at MNC Bullion in Chennai.
|
|
Bullion has risen 0.4% so far this week, keeping the yellow metal on track for its fourth consecutive weekly gain.
|
|
The government of Prime Minister Narendra Modi has tried to curb costly bullion imports and put restrictions on cash transactions.
|
|
The recent weakness of gold suggests that some of the fervent bullion believers have jumped on the bitcoin bandwagon instead.
|
|
Gold bullion sales in the third quarter of 2018 totalled 18,637 ounces at an average price of $1,216 per ounce.
|
|
Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion.
|
|
Given all these options for minting bullion from the iPhone, the most alarming worries for Apple aren't about the present.
|
|
Stocks fared better, led by gold shares as the weaker rand boosted the price of bullion in local currency terms.
|
|
Higher interest rates are bad for gold because they raise bond yields, making non-yielding bullion less attractive to investors.
|
|
Gains on the gold index tracking higher global bullion prices were countered by losses in resources, banking and general retailers.
|
|
Since it is priced in the U.S. dollar, a stronger greenback makes bullion more expensive for holders of other currencies.
|
|
Bullion has risen 1.1% so far this week, keeping the yellow metal on track for its fourth consecutive weekly gain.
|
|
The metal is highly sensitive to rising interest rates, as these increase the opportunity cost of holding non-yielding bullion.
|
|
Bullion prices rose to their highest level in more than a week as the dollar fell after Powell's dovish remarks.
|
|
Bullion was on pace Thursday for its worst 1-day loss since March 23, when it fell nearly 2 percent.
|
|
While falling yields make the non-yielding bullion more attractive, stronger dollar makes it costlier for investors holding other currencies.
|
|
However, the bullion remained in the custody of the Bank of England, despite the Central Bank's request to repatriate it.
|
|
After enduring years and years of losses, bullion is tracking for its best month since January 2012, up 9 percent.
|
|
Bullion prices could climb to $1,439 an ounce after clearing resistance at $1,421, according to Reuters technical analyst Wang Tao.
|
|
It has also restricted gold import quotas before - most recently in 2016 after the yuan weakened sharply, bullion bankers said.
|
|
Gold stocks dropped 2.5% as increased optimism over a U.S.-China trade deal capped gains for the safe-haven bullion.
|
|
Investor confidence in bullion was reflected in a surge in the holdings of SPDR Gold, the largest exchange traded fund.
|
|
Higher interest rates tend to lift bond yields, supporting the dollar and making non-yielding bullion less attractive to investors.
|
|
Higher rates typically weigh on gold, as they increase the opportunity cost of holding non-yielding assets such as bullion.
|
|
Heads up, residents of Ballarat, Australia: A man is wanted for stealing $70,000 worth of gold bullion from a home.
|
|
While falling yields make the non-yielding bullion more attractive, stronger dollar makes it costlier for investors with other currencies.
|
|
The HKEX had previously said it would look at bullion products, although its subsidiary the Hong Kong Futures Exchange Ltd.
|
|
A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies, which could boost bullion demand and prices.
|
|
Elsewhere in the emirate, the region's top center for gold trade, bullion is playing a new role in financial engineering.
|
|
But a sharp rise in U.S. bond yields on Friday limited gains by reducing the attractiveness of non-yielding bullion.
|
|
Sources have said more stringent banking regulations may complicate efforts by the London Bullion Market Association to find a successor.
|
|
In addition to weighing on the dollar, lower interest rates also cut the opportunity cost of holding non-yielding bullion.
|
|
With nearly 20.4% gained so far this week, the bullion is also set to post its sixth consecutive weekly rise.
|
|
Look for the investment-grade version of the coins—which are literally worth their weight in gold — called bullion coins.
|
|
"Jewellers are not making purchases anticipating a bigger fall," said a Mumbai-based dealer at a private bullion-importing bank.
|
|
The creditor countries aren't seriously suggesting that the West send sacks of gold bullion every year to India or Nigeria.
|
|
Lower interest rates reduce the opportunity cost of holding non-yielding bullion while weighing on Treasury yields and the dollar.
|
|
"People are worried about whether they can get the gold to deliver into the futures contracts," said a bullion banker.
|
|
Bucking the trend, gold miners advanced 4.3% as bullion prices rose after investors flocked to the safe-haven precious metal.
|
|
On the other hand, gold stocks declined more than 1%, as bullion prices fell amid broader moves into risk assets.
|
|
Bullion seems to have found a base around $20.4,21 even though it has failed to break much higher, analysts said.
|
|
"People are worried about whether they can get the gold to deliver into the futures contracts," said a bullion banker.
|
|
Bullion fell over 2646.10 percent last week, its first weekly decline in seven weeks, as investors piled cash into riskier assets.
|
|
"Round tripping to Dubai will come down due to the move," an official with India Bullion and Jewellers Association Ltd said.
|
|
Gold prices jumped to their highest in 15 weeks as the U.S. rate cut bets encouraged investors to flock toward bullion.
|
|
Peter Tompa, the executive director of the Global Heritage Alliance, advocates for coin dealers and the bullion industry against BSA regulations.
|
|
"In March, exports will rebound," said the Mumbai-based head of the gold trading desk with a private bullion importing bank.
|
|
S. trade tensions and uncertainty over a deal weighed on yuan, making bullion expensive for buyers in world's largest consumer - China.
|
|
Before Friday's new high, bullion also topped $1,300 on June 16 after the Fed signaled a less aggressive monetary tightening stance.
|
|
The bullion gained for a second straight session, after having dipped to its lowest level since end-December earlier this week.
|
|
However, the U.S. dollar, which traded close to a near two-year peak, capped further gains for the safe-haven bullion.
|
|
Bullion also snapped a six-session winning streak that lifted it to $20.5,5353 on Tuesday, the highest since May 15.345, 20.3.
|
|
The Bank of England suspended the right of individuals to convert their notes into bullion; it has never been fully reinstated.
|
|
Gold tends to gain on expectations of lower interest rates, as they reduce the opportunity cost of holding non-yielding bullion.
|
|
Gold prices hit a three-month high this month as investors flee to the safe-haven bullion amid escalated trade tensions.
|
|
However, London's two largest gold traders - HSBC and JPMorgan - are missing from the consortium, as is ScotiaMocatta, another big bullion dealer.
|
|
"With gold prices trading above $1,300, demand for gold has dried up," said a trader with a bullion bank in Singapore.
|
|
However, a slightly weaker dollar gave some support for bullion, analysts said, making the metal cheaper for holders of other currencies.
|
|
The materials group, which includes precious and base metals miners and fertilizer companies, rose 1 percent as bullion prices edged higher.
|
|
Gold is sensitive to higher interest rates because they boost the dollar, making bullion more expensive for buyers using other currencies.
|
|
"They needed to make sure it was a fairer, open organization," said a bullion market source familiar with the restructuring process.
|
|
Gold prices slipped to a six-month low as the dollar strengthened, making bullion more expensive for buyers using other currencies.
|
|
Gold is highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding assets such as bullion.
|
|
Cramer recommended the only exception to this is Randgold, or to buy the gold ETF called GLD, or gold bullion itself.
|
|
The dollar index against basket of major currencies was down 2796.43% on Tuesday, making bullion cheaper for investors holding other currencies.
|
|
S trade talks, while a firmer dollar capped gains for the bullion, which was drawing support from global economic slowdown worries.
|
|
Bucking the trend were gold miners, with bullion edging up as investors focused on lingering uncertainties over U.S.-China trade ties.
|
|
The U.S. Treasury yield curve steepened and the dollar came off three-week highs following the congressional testimony, further supporting bullion.
|
|
Diamond Bullion, produced by the Singapore Diamond Mint, is a collection of investment grade diamonds whose value can be quickly checked.
|
|
The dollar was broadly supportive for bullion markets, trading down 0.25 percent against a basket of major currency rivals at 94.
|
|
The dollar fell from near three-month highs hit in the previous session, making bullion cheaper for holders of other currencies.
|
|
"At current price levels, demand is very good from retail buyers," said Mukesh Kothari, director at Mumbai bullion dealer RiddiSiddhi Bullions.
|
|
Since it is priced in the U.S. dollar, a stronger greenback makes the bullion more expensive for holders of other currencies.
|
|
Gold tends to gain when rate hike expectations recede because lower rates reduce the opportunity cost of holding non-yielding bullion.
|
|
Lower yields reduce the opportunity cost of holding non-yielding gold, while a weaker dollar makes bullion cheaper for non-U.
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Gold rose by more than 214.90 percent on Tuesday as European shares fell and inflows into bullion funds continued, boosting prices.
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That has triggered a rally in bullion, along with other safe-haven assets such as government bonds and the Japanese yen.
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THE Valentine Day's special at Sharps Pixley, London's first high-street bullion showroom, is a £20163 ($166) rose dipped in gold.
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Gold miners were also under pressure as bullion fell in the face of a stronger dollar supported by Friday's jobs data.
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November gold sales at Dillon Gage, a large bullion dealer in Dallas, Texas, are also down slightly from October so far.
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Tipples is also on the board of the London Bullion Market Association and the user committee of the London Metal Exchange.
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S. trade deal bolstered the dollar and sparked appetite for riskier assets, blunting investors' interest in holding the non-yielding bullion.
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"Jewellers are now replenishing inventory as sales during Diwali were decent," said a Mumbai-based dealer with a bullion importing bank.
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Gold fell 10 percent last year on fears higher U.S. rates would lift the opportunity cost of holding non-yielding bullion.
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By the late 85033s, Holland was a center of global trade, which required the exchange of goods for bullion or coins.
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The dollar index against basket of major currencies was down 231% on Tuesday, making bullion cheaper for investors holding other currencies.
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S. trade pact boosted the dollar and spurred appetite for riskier assets, blunting investors' interest in holding the non-yielding bullion.
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Gold stocks, however, dropped 2.2% as increased optimism over a U.S.-China trade deal capped gains for the safe-haven bullion.
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"Consumers are struggling to adjust to higher prices," said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
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Higher U.S. Treasury yields can translate into more demand for the dollar, making bullion more expensive for holders of other currencies.
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These lift the opportunity cost of holding non-yielding assets like bullion, while boosting the dollar, in which it is priced.
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Higher Treasury yields can translate into more demand for the dollar, making the bullion more expensive for holders of other currencies.
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Rising interest rates increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
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One reason is the scam operators know you will not visit the company that is supposed to be storing the bullion.
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Gold stocks also fell despite an uptick in bullion prices, with most miners of the safe-haven commodity closing sharply lower.
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J.P. Morgan declined to directly address questions about the fraudulent bullion, or comment on any of the details in this story.
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The delay could weaken its bid to become the dominant exchange in London's $5 trillion-a-year bullion market, sources say.
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Spot bullion prices were marginally lower at 0054 GMT, with Newcrest Mining Ltd falling 1.2% and Evolution Mining Ltd retreating 1.5%.
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A strong U.S. inflation reading could raise expectations for future interest rate increases, which would put pressure on non-yielding bullion.
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The dollar rebounded slightly, pressuring bullion, but was still heading for its worst month since January 2018, against its key rivals.
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Gold is highly sensitive to any reduction in interest rates, which decreases the opportunity cost of holding the non-yielding bullion.
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In addition to the Aqua and the Bullion, there is an outdoor patio area where you can order snacks and drinks.
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Also providing support to bullion, China's exports shrank for the fourth consecutive month in November, underscoring pressure from the trade war.
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The Australian gold space has seen a rise in deals as the domestic miners expand their portfolios amid higher bullion prices.
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Gold pared some losses, after falling more than 1%, as investors opted for the safety of bullion following the delisting reports.
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"They needed to make sure it was a fairer, open organisation," said a bullion market source familiar with the restructuring process.
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The gold index was dull for a third-straight session, sliding 2.1 percent as the bullion price turned lower on Tuesday.
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"Retail buying is subdued due to year-end vacations and Khar Mass," said a Mumbai-based dealer with a bullion importing bank.
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Gold could be vulnerable to more gains if the dollar weakens further, making bullion cheaper for holders of other currencies, analysts said.
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Investor flows into bullion, often considered a safe store of value during times of economic and political uncertainties, also continued to increase.
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Bullion tends to get a bid when the greenback falls, as it becomes a cheaper commodity to investors trading in other currencies.
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Gold prices fell as the apparent willingness to resolve a trade dispute reduced demand for bullion as a place to park money.
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Bullion has risen 25% so far this week, and about 20.1% for the year, gaining more than $0.33 in the past week.
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The tax hike could also encourage more smuggling into the world's second biggest gold consumer, which buys almost all its bullion abroad.
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Higher U.S. interest rates tend to boost the dollar and also push up bond yields, reducing the appeal of non-yielding bullion.
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The yuan gold fix will come up against the London Bullion Market Association's spot benchmark set twice a day with 12 participants.
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Demand for gold and other precious metals are closely tied to the health of Asian economies, which are big markets for bullion.
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Bullion, which has gained more than 5 percent this month, touched a peak of $1,287.00 on Monday, its highest since May 16.
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FORT KNOX, Kentucky (Reuters) - Fort Knox is famed for its ultra-secure bullion depository that holds $100 billion in U.S. gold reserves.
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Bullion hit $21,2374 on Friday, its highest since July 21, after much slower-than-expected U.S. economic growth weighed on the dollar.
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The materials group, which includes precious and base metals miners and fertilizer companies, added 0.9 percent, as investors bought bullion-related assets.
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Real estate developer ESR Caymen canceled its $1.24 bullion listing in June because of the turmoil, according to Japan's Nikkei Asian Review.
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The "purest" way to own gold is to own pure gold bullion, which is formed into the familiar gold bars or coins.
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Thursday's surge helped bullion break above a narrow trading range it has been stuck in for the past 0.89.20-1/2 months.
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Bullion merchants Baird & Co attributed higher demand for gold this year to wider concerns about the economy rather than worries about Brexit.
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Bullion has risen 20.7% so far this week, and about 217.01% for the year, gaining more than $25 in the past week.
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LPMCL was set up in 2001 to develop an electronic matching system to replace trading by phone or fax between bullion banks.
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Gold futures in India, the world's second biggest bullion consumer after China, fell to 31,232 rupees per 10 grams earlier this week.
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Bullion could see a bounce later in the week on bargain hunting with "traders waiting for more downside to go," he added.
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Also misssing in action is the London Bullion Market Association (LBMA), which represents gold and silver traders operating in the London market.
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A note from Wells Fargo Investment Institute warned last week that bullion could easily shed another $200 per ounce before finding support.
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That included a 233.16 percent drop in Barrick Gold Corp to C$0.53 as bullion pulled back from a nine-week high.
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Gold miner Northern Star Resources lost 5.5% and peer Evolution Mining fell 2.2% as bullion prices dipped against a stronger U.S dollar.
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Bullion investors have been unnerved since the Bank of Japan, followed by Sweden this week, introduced negative interest rates to stimulate growth.
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However, increasing expectations the U.S. Federal Reserve would proceed with an interest rate cut this year pressured the dollar, supporting bullion rates.
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"New demand has been slow, but we are getting a lot of metals back from clients," said a Singapore-based bullion dealer.
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Expected interest rate rises this year by the U.S. Federal Reserve will put pressure on bullion, ABN Amro analyst Georgette Boele said.
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Spot gold XAU= added 0.8 percent to $1,254.30 an ounce, as the weaker dollar made bullion cheaper for holders of other currencies.
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In the following quarter of those years, bullion trended higher 83 percent of the time, with a median return of 3.30 percent.
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"Our buy back amount from consumers is more than our sales amount," said a source at one of Japan's biggest bullion dealers.
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Also weighing on bullion was improved risk sentiment driven by optimism surrounding a U.S.-China trade deal, which kept the dollar supported.
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S. trade tensions and uncertainty over a deal weighed on yuan, making the bullion expensive for buyers in world's largest consumer - China.
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Higher interest rates typically boost the dollar and bond yields, pressuring gold by increasing the opportunity cost of holding non-yielding bullion.
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A rise in U.S. bond yields typically pressures gold by reducing the attractiveness of non-yielding bullion, which is priced in dollars.
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The sector edged lower as the price of bullion fell on Friday and was set for its first weekly loss since May.
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In Japan, bullion was sold at par with the benchmark, compared with a $0.25 discount last week, one Tokyo-based trader said.
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The risk-averse sentiment in the market supported bullion, often seen as an alternative investment during times of political and financial uncertainty.
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However, the Fed's decision to hold back on further cuts until the economy takes a downturn weighed on the bullion, analysts said.
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Gold prices hovered near multi-week lows on Thursday as higher U.S. bond yields and a stronger dollar dampened interest in bullion.
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Higher U.S. rates tend to boost the dollar and push bond yields up, making non-yielding assets such as bullion less attractive.
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Dollar-denominated bullion typically loses value when the greenback and U.S. Treasury bond rates rise since the metal does not bear interest.
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However, Draghi's comments on ECB stimulus caused investors to sell bonds, driving yields higher and limiting the appeal of non-yielding bullion.
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Bullion touched a peak of $1,357.60 an ounce on Monday, less than $2310 below a two-year high hit on June 295.61.
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A stronger dollar makes gold more expensive for holders of other currencies, while higher bond yields dampen demand for non-yielding bullion.
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Bullion has fallen more than $2906.50 an ounce from the peak it hit after Donald Trump's U.S. presidential election victory on Nov.
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Also, the contractors in charge of implementing the project "did nothing," Sopko quoted former task force director James Bullion as telling him.
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"Even after offering $15 discount, jewellers are not ready to make purchases," said a Mumbai-based dealer with a bullion importing bank.
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And that's exactly the same sort of ratio between gold bullion and grotesque bullshit you'll find with the Vega+'s thousand games.
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Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, in which it is priced.
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They often turn to bullion as a safe haven in times of political uncertainty, but have not done so this time around.
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Whether you are selling gold bullion, coins, jewelry, or even dental fillings, you will find no shortage of willing buyers these days.
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Gold stocks propelled the sector as bullion gained being the safe-harbour asset at times of broader worries in the equities markets.
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Safe-haven gold stocks slumped 3.1%, marking its worst day in over a week, as a risk-on mode dented bullion prices.
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Today, the green velvet, bullion-fringed "Went With the Wind" dress is in the Smithsonian's National Museum of American History in Washington.
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Bullion prices have shed more than 4536.90%, or over $60, since scaling an over six-year peak of $1,557 on Sept. 4.
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Adding some pressure on bullion was a firm dollar, which was up 0.1% against key rivals, while Asian equities posted modest gains.
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The most basic form, Ash told CNBC last week, was scammers misrepresenting standard gold bullion coins as rare and overcharging unwitting investors.
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"The falling rupee is making gold even more expensive for Indian consumers," a Mumbai-based dealer with a bullion importing bank said.
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Gold is highly sensitive to rising rates because they push up bond yields, increasing the opportunity cost of holding non-yielding bullion.
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Gold stocks, however, edged lower as bullion prices dropped with investors being cautiously optimistic about a resolution to U.S.-China trade tensions.
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Bucking the trend, the gold index retreated 2.1% as a rest in Middle East tensions dented bullion prices and safe-haven appeal.
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Gold firms also fell, with the sub-index dropping more than 2 percent, after bullion slipped to its lowest level of 2019.
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On the physical side, however, an extended holiday in top consumer China due to the outbreak dimmed activity in Asian bullion hubs.
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India has been trying to bring transparency in bullion trading by curbing cash transactions and making hallmarking of jewellery and artefacts mandatory.
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Premiums for physical gold in China, the world's biggest bullion consumer, slid to their lowest since at least July 2018 last week.
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They can store art, wine, gemstones or gold bullion bars in an ultra-secure, duty-and-tax-free facility called Le Freeport.
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Demand for the metal was further pressured by the rising dollar, making dollar-denominated bullion more expensive for buyers using other currencies.
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Gold prices leveled out on Thursday despite a strengthening U.S. currency making dollar-denominated bullion more expensive for holders of other currencies.
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Gold tends to gain when interest rate hike expectations ease because lower rates reduce the opportunity cost of holding non-yielding bullion.
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Mnuchin is the first Treasury secretary in seven decades to visit Fort Knox, which holds gold bullion owned by the federal government.
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Lower prices have also sparked an increase in gold options trading from bargain-hunters who are pushing bullion prices higher, said ThinkMarkets.
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Defying the trend, gold stocks edged up 0.7%, benefiting from bullion prices hitting a two-month peak on a weaker U.S. dollar.
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Bullion gave up earlier gains as the greenback came off session lows against a basket of six major currencies, while stocks edged down.
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Bullion has risen by about 1.2% this month and is also on track for a second consecutive weekly gain, advancing by about 1%.
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"As retail demand has dried up, jewellers are placing import orders with banks," said a Mumbai-based dealer with a bullion importing bank.
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Also pressuring bullion was a rebound in world stock markets, which rallied on hopes of upcoming trade talks between United States and China.
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The ship is rumored to contain 5,500 boxes of gold bullion amounting to 150 trillion won, or $133 billion, according to the Telegraph.
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The dollar gained momentum after Fed Vice Chair Richard Clarida on Tuesday backed further interest rate hikes, weighing on non-interest bearing bullion.
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They are placing small orders," said a Mumbai-based dealer with a private bullion importing bank, adding "falling rupee is still confusing some.
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The dollar has been the preferred safe haven this year as the U.S.-China trade war unfolded, thereby denting the appeal of bullion.
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Despite weak buying in biggest bullion consumer China so far this year, analysts and traders expect resilient Indian buying to support physical demand.
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S. dollar terms, particularly in yen and euros, he feels a rising dollar will continue to put a ceiling on gains for bullion.
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The greenback climbed to a more than 16-month peak earlier in the session, making bullion more expensive for holders of other currencies.
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The exchange has a large number of gold mining issues, which would benefit from uncertainty that pushes investors to the safety of bullion.
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Bullion surged 20.37 percent on Friday, its biggest one-day gain since January 217.56 as the British vote sparked sales of riskier assets.
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Bullion prices were initially supported by lower stock markets and soft Chinese data, which boosted interest in the metal as an alternative asset.
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The Soros fund also took out a 1.1 million share call option on the SPDR Gold Trust, the largest ETF tracking physical bullion.
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Further U.S. rate hikes could lift the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
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Well, investors may in fact feel more confident, rather than skittish, in these first few days following Election Day, abandoning bullion for equities.
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Meanwhile, gold miners extended recent gains as bullion hit a two-year peak, and the 19 most influential gainers were all materials stocks.
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The gold index bucked the trend, falling 2.6% as bullion prices dropped after a lift in market sentiment drove investors to riskier assets.
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Lower interest rates tends to boost gold as it reduces the opportunity cost of holding non-yielding bullion and weighs on the dollar.
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Bullion, along with the Japanese yen and U.S. Treasuries, is seen as a relatively safe investment in times of political and financial uncertainty.
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Bullion is also being weighed down by strong data from China and a better-than-expected U.S. jobs report last week, he said.
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Lower interest rates tend to boost gold as it reduces the opportunity cost of holding nonyielding bullion and also weighs on the dollar.
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Rising interest rates lift the opportunity cost of holding non-yielding bullion - why hold gold when you can be paid to hold cash?
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Spot gold prices rose for a fifth successive day on Thursday, with bullion up about 4 percent since the start of the year.
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The market is in premium due to lower gold imports in February, said a Mumbai-based bullion dealer with a gold importing bank.
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"The price correction encouraged trading houses and banks to increase imports last month," said a Mumbai-based bullion dealer with a private bank.
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But bullion was still up around 1 percent for the week after touching a 1-1/2-week peak of $1,109.20 on Wednesday.
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Expectations of fewer interest rate rises is positive for gold as lower interest rates reduce the opportunity cost of holding non-yielding bullion.
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A weaker dollar makes gold cheaper for holders of other currencies, while lower yields reduce the opportunity cost of holding non-yielding bullion.
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Africa's top bullion producer has hired Deutsche Bank to evaluate options but discussions are at an early stage, one of the sources said.
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The slips among bullion producers came despite the precious metal getting a bump from safe-haven buying after a North Korean missile launch.
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The protracted trade dispute has raised fears of a global recession, helping the safe-haven bullion to rise more than 15% this year.
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In the previous session, bullion touched a three-week low of $13,479.25 and registered its biggest one-day percentage drop since late September.
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That, in turn, has helped to thrust the dollar to its strongest since January, making bullion more expensive for users of other currencies.
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Media reports have indicated that Venezuela is prepared to ship hundreds of millions of dollars in gold bullion to the United Arab Emirates.
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Tracking bullion prices, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.76 percent on Monday from Friday.
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Uncertainties were providing a supportive background for bullion, including U.S.-China trade talks and the potential U.S. withdrawal from the Iranian nuclear accord.
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Smaller bullion producers also rose on earnings reports, with Detour Gold Corp surging 26.51.78 percent to C$219 after its profit beat expectations.
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S. trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three.
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Demand usually strengthens at the end of the year, driven by the wedding season and major festivals, when bullion buying is considered auspicious.
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Lower bond yields make non-yielding gold more attractive to investors, while a weaker dollar makes bullion cheaper for holders of other currencies.
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Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion versus the dollar.
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A stronger dollar makes gold more expensive for holders of other currencies, while higher bond returns reduce the attractiveness of non-yielding bullion.
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Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the greenback.
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Rob Halliday-Stein, managing director of BullionByPost, the United Kingdom's largest online bullion trader, said sales of gold coins have increased five-fold.
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In top gold buyer China, bullion was sold at a premium of $9-$10 an ounce over the benchmark, unchanged from last week.
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Maria Kuznetsova's "Oksana, Behave!" and Lydia Fitzpatrick's "Lights All Night Long" both contain more than a bullion cube of this special artificial flavor.
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"But on the other side, you've got strong and rising, really quite rampant, physical bullion demand coming in the other direction," he added.
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Such forgeries pose a problem for international refiners, financiers and regulators as they attempt to purge the world of illicit trade in bullion.
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Bullion is the safest thing to own, and it's worth owning outside of the United States for extra protection from risk, Cramer said.
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Bullion is often used as a refuge in times of political or economic turbulence while assets considered risky, such as stocks, are dumped.
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Holdings of gold at the world's largest bullion-backed exchange-traded fund, SPDR Gold Trust, fell 2 percent in the week to Friday.
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Weddings are one of the biggest drivers of gold purchases in India as bullion in the form of jewelry is a popular gift.
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The risk-averse sentiment in the market underpinned the bullion, often seen as an alternative investment during times of political and financial uncertainty.
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Gold is highly sensitive to rising interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the greenback.
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Jewellers said the new duty will cut demand, which could eventually put a brake on the safe haven rally in global bullion prices.
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"Significant amounts of demand for gold used to get generated (by) unaccounted wealth," said Surendra Mehta, Secretary at India Bullion and Jewelers Association.
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Gold prices held near four-month highs on Wednesday even as a stronger dollar made bullion more expensive for holders of other currencies.
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Dollar-denominated bullion is also helped by a weaker U.S. currency and by lower bond yields, which make non-yielding gold more attractive.
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The accident has highlighted the safety issues confronting illegal gold miners, who last year contributed significantly to Zimbabwe's record 33 tonne bullion output.
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Gold could see support around the mid-$1,200s, he added, noting bullion bounced off $1,0.453 an ounce in December then $1,275 in July.
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Bullion climbed 1.5 percent on Thursday, its biggest single-day gain in a week, and was on course for a second weekly rise.
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Rising U.S. interest rates increase the opportunity cost of holding non-yielding gold bullion, while boosting the greenback, in which it is priced.
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Some even argue the world's second biggest bullion reserve may be needed to back a new deutschmark, should the euro zone break up.
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The risk-averse sentiment in the market underpinned the bullion, often seen as an alternative investment during times of political and financial uncertainty.
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The local gold sub-index slumped up to 28.3% as bullion prices recorded their biggest daily drop in almost seven years on Friday.
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"As long as gold holds the $1,333 level intraday, it is good for bullion," said Michael Matousek, head trader at U.S. Global Investors.
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"We saw buying from customers seeking to increase defensive assets in their portfolios," said Gregor Gregersen, CEO of Singapore retailer Silver Bullion Pte Ltd.
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"Trump's economic policies, in particular tax cuts for corporates, could lead to ever-higher equity valuations that divert funds away from bullion," he said.
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But a recovery in the dollar from three-month lows have been weighing on prices, making bullion more expensive for holders of other currencies.
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A stronger dollar makes gold more expensive for holders of other currencies, while higher yields increase the opportunity cost of holding non-yielding bullion.
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A stronger dollar makes gold more expensive for holders of other currencies, while higher yields increase the opportunity cost of holding non-yielding bullion.
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Bullion prices later pared gains to close the third quarter up 3 percent as expectations for the U.S. Federal Reserve to hike rates returned.
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The London Bullion Market Association (LBMA) said in a press release that its members traded 30.2 million ounces a day on average last week.
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Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while also boosting the dollar.
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For gold, the U.S.-China trade conflict could also force the U.S. Federal Reserve to cut interest rates, which could further support bullion prices.
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Bullion spiked again in just the last two weeks — going from roughly $1,200 to $1,300 — and this time the concern is largely over Brexit.
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Prices broke through multiple technical resistances, which had acted as a barrier for bullion despite the slump in global markets over the past week.
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Low interest rates and bond yields reduce the opportunity cost of holding non-yielding bullion, which also tends to gain in times of crisis.
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The general rule is that gold is seen as an alternative currency to the dollar, so when the greenback does well, bullion does badly.
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With gold failing to break higher and trailing below $1,500 again, investors are taking profits, said Nicholas Frappell, global general manager at ABC Bullion.
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Bullion regained its role as a shelter for risk-averse investors in the face of tumbling equities and fears of a global economic slowdown.
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Bullion has rallied 17 percent this year on speculation that the Fed might not raise rates this year amid uncertainty over the global economy.
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Demand for bullion in India is expected to pick up during the Dhanteras and Diwali festivals, when gold is traditionally given as a gift.
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It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list that was released late on Monday.
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Lower interest rates tend to boost gold as it reduces the opportunity cost of holding non-yielding bullion and also weighs on the dollar.
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Fears of a shutdown also compounded worries in stock markets, which extended a week-long sell-off, prompting some safe-haven inflows into bullion.
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Lower interest rates tend to boost gold as they reduce the opportunity cost of holding non-yielding bullion and also weigh on the dollar.
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Lower interest rates tend to boost gold as it decreases the opportunity cost of holding non-yielding bullion and also weighs on the dollar.
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LONDON, Oct 14 (Reuters) - The London Bullion Market Association (LBMA) said on Monday a senior executive at Bank of China would join its board.
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"In a way, the gold train has left the station, but silver is yet to leave," said Vincent Tie, sales manager at Silver Bullion.
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The dollar fell from near three-month highs hit in the previous session, making bullion cheaper for holders of other currencies, while sterling soared.
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China's yuan rose to one-month peak against the U.S. unit on Wednesday, making the dollar-denominated bullion cheaper for investors in mainland China.
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Apart from expectations for dovish central bank policy globally, bullion is also being supported by U.S.-Iran tensions and ongoing trade war, Meger added.
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Gold is highly sensitive to U.S. interest rates because higher rates increase the opportunity cost of holding non-yielding bullion and boost the dollar.
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Investment demand fell by nearly a quarter, driven by reduced inflows into bullion-backed exchange traded funds, the gold mining industry-funded WGC said.
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That growth was helped by an agreement with the Perth Mint, a major gold refinery, which allowed ANZ to sell the mint's bullion overseas.
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Reflecting a drop in bullion prices, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 8763 percent on Thursday.
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Bullion was also set for its second straight quarterly rise, helped mainly by a dovish U.S. Federal Reserve and concerns about the global economy.
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Bullion regained its role as a shelter for risk-averse investors, in the face of tumbling equities and fears of a global economic slowdown.
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"Dollar weakness and the poor ISM number are the primary drivers this afternoon," said Mark O'Byrne, research director of bullion dealer GoldCore in Dublin.
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The gold miners index ended strongly, led higher as spot bullion surged to a one-month high demand for the safe-haven asset climbed.
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Bullion had firmed on Wednesday after the Fed reported that the U.S. economy has continued to grow at a "modest" rate in recent weeks.
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The dollar also gained from some limited safe-haven flows due to the U.S.-China trade spat, denting the appeal of dollar-priced bullion.
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The first source added that bullion producer Harmony Gold is likely to buy some of the assets AngloGold plans to offload in South Africa.
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Shipments of gold to India, the world's second-biggest buyer of bullion, rose 51.5 percent last month, the data from India's trade ministry showed.
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Gold rose over 1% on Wednesday as an inverted U.S. Treasury yield curve and weak euro zone data drove investors toward safe-haven bullion.
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The current price level was attracting both jewellers and retail consumers, said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
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It also suffers from rising yields in its own right, as these lift the opportunity cost of holding non-interest bearing assets like bullion.
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Higher gold prices badly affected retail purchases during the Diwali and Dussehra festivals, said Surendra Mehta, secretary of the India Bullion and Jewellers Association.
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The India Bullion and Jewellers Association urged the government to revisit the scheme, clearing doubts for consumers and putting pressure on banks to participate.
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The bank accepted bullion and a wide variety of foreign coins, crediting a deposit account with specific amounts of coins set by government decree.
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However, investors were cautious about the deal with shares in Gold Fields falling more than the broader bullion sector - which was down 1.17 percent.
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Higher interest rates hurt gold because they push up bond yields, denting the appeal of non-yielding bullion, and tend to boost the greenback.
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Gold is highly exposed to interest rates and returns on other assets because rising rates lift the opportunity cost of holding non-yielding bullion.
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The hedge fund's eight nominees include a former executive of Newmont Mining, a partner at Paulson & Co and the CEO of Gold Bullion International.
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The LBMA says they are unnecessary, costly and would disrupt London's bullion clearing system, which settles gold transactions worth around $23 billion a day.
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The sources noted a recent sharp rise in Acacia's stock, partly due to a rebound in the bullion price, may discourage some potential buyers.
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In top gold consumer China, bullion was sold at a $6-$553 per ounce premium over the benchmark versus last week's $10-$12 range.
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Bullion is used as an alternative investment during times of political and financial uncertainty, generally gaining along with U.S. Treasuries and the Japanese yen.
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Gold is highly exposed to interest rates and returns on other assets, as rising rates lift the opportunity cost of holding non-yielding bullion.
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Higher U.S. interest rates tend to boost the dollar, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.
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They are expected to show improvement thanks to an average 21.21 percent rise in bullion prices in the third quarter from a year ago.
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Bullion prices have shed more than 4%, or over $60, in less than a week, mainly hurt by a broad uptick in risk appetite.
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Lau added that hopes for monetary policy easing by central banks across the globe, to curtail economic slowdown, provided some support for the bullion.
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In early trade, a stronger dollar and rising U.S. interest rates had sent bullion falling to its lowest in a week and a half.
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Economic growth in the world's largest economy would increase the likelihood of interest rate increase and dent the appeal of non-interest yielding bullion.
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Higher U.S. interest rates weigh on non-yielding bullion by increasing its opportunity cost while also supporting the dollar, in which gold is priced.
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On the bourse, gold stocks took a knock as safe-have bullion buying subsided, with Harmony Gold and Sibanye-Stillwater losing out the most.
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Despite strong gains and soaring bullion prices across the week, the sub-index snapped three straight weeks of gains to clock a 1.1% decline.
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However, limiting gold's advance, the dollar climbed to a near one-week high on Tuesday, making bullion more expensive for holders of other currencies.
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The ASX Gold Index finished 975.623% higher on firmer bullion, with Aurelia Metals and Ramelius Resources ending more than 8% and 6% higher, respectively.
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Gold is highly sensitive to declining interest rates which decrease the opportunity cost of holding the non-yielding bullion while pressuring the U.S. currency.
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Gold stocks climbed as much as 2.2% to a four-week peak, as bullion prices surged to a near-two month high on Thursday.
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Gold stocks posted their biggest weekly gain in nearly eight months as bullion prices were on track for their best weekly gain since 2016.
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Gold supplies are limited due to lower imports in the last few weeks, said a Mumbai-based dealer with a private bullion importing bank.
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In 1988, its status as a "Mint" became official when its named changed from the West Point Bullion Depository to the West Point Mint.
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Bullion has risen by about 1.5% so far this month and is also on track for a second consecutive weekly gain, advancing by about 1.5%.
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Gold prices have gained more than $50 since Trump's tariff threat on Mexico, with investors selling riskier assets and seeking refuge in safe-haven bullion.
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Fears of a slowdown in global economic growth and expectations of more rate cuts by the U.S. Federal Reserve were also supporting bullion, he added.
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Inflows have offset a lack of interest from key Asian buyers, who have taken advantage of the gold rally to sell bullion and take profits.
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Bullion rose 1.2 percent on Thursday, but was down about 0.4 percent for the week * U.S. gold was up 0.1 percent at $1,332.80 an ounce.
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Rising interest rates are normally negative for gold since they could boost the dollar and also increase the opportunity cost of holding non-yielding bullion.
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Also weighing on bullion was an upbeat sentiment for risk, with global stock markets receiving a boost on signs of easing U.S.-China trade tensions.
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Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, making it cheaper for holders of other currencies.
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Adding support to prices, SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, increased its bullion holdings for a sixth day on Wednesday.
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The dollar was also supporting bullion, slipping to a two-week low, while U.S. longer-dated Treasury yields registered their biggest fall in 14 months.
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Reflecting investors appetite for bullion, holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, have risen 7.3% so far this year.
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However, traders said that geopolitical tensions created by North Korea firing four ballistic missiles into the sea off Japan's northwest coast were supportive to bullion.
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Jewelers were making purchases to replenish inventories after brisk sales over the last few weeks, said a Mumbai-based dealer with a bullion importing bank.
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The greenback held near a two-year peak on signs that the U.S. economy was doing significantly better than elsewhere, curbing gains for the bullion.
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While the dollar slightly gained against key rivals, a slip in Asian equities from eight-month highs kept bullion underpinned above the key $1,300 level.
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Low interest rates reduce the opportunity cost of holding non-yielding bullion, widely viewed as a safe investment during times of political and economic uncertainty.
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UK shoppers have flocked to the safe-haven metal fearing the country will vote to leave the union, boosting demand for bullion bars and coins.
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Despite a drop on Monday, the bullion price remains up 14 percent so far this year, and hit a year high of $1,260.60 last Thursday.
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Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
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Bullion Refinery, whose website welcomes "small, medium and large scale suppliers" of "raw gold dust and powder", did not respond to a request for comment.
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Gold is expected to gain over the next few days on account of festival buying in India, the world's second-largest consumer of the bullion.
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This year, bullion is among the best-performing commodities, trading at a fresh two-year high of $1,370 per ounce, up 29 percent in 2016.
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Barrick Gold Corp advanced 256.31 percent to C$22 and Goldcorp Inc rose 22.60 percent to C$2372.5 as bullion hit a three-month peak.
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Most investors expect the central bank to put off raising rates, but RBC warns investors not to expect continued loose monetary policy to boost bullion.
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When positive data is released, investors raise bets on a U.S. interest rate hike, which would increase the opportunity cost of holding non-yielding bullion.
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Demand was subdued in India as well, with retail buying curtailed by a rally in domestic bullion prices to their highest level in seven weeks.
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Jewellers were not making big purchases as they expect weak demand in the next few weeks, said a Mumbai-based dealer with a bullion bank.
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The austerity measures came as the industry's high-priced acquisition spree was followed by a slide in bullion prices in the four years through 2015.
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Bullion rates were quick to slump following the data, shedding nearly 1% in the latter part of its session, with the dollar erasing some losses.
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Recent gold lows had spurred physical buying by bargain hunters, Khan said, but this could establish a floor for bullion rather than push it higher.
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Tighter monetary policy dents the appeal of non-interest yielding bullion, leaving investors to rely on a rise in the intrinsic value of the asset.
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Gold advanced slightly after tumbling 1 percent on Thursday on strength in the U.S. dollar, which made bullion more expensive for buyers using other currencies.
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"The trade war continues to favour the U.S. dollar and this will generally dampen gold's upside," said Nicholas Frappell, global general manager, ABC Bullion, Australia.
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The bullion producer's plans drew scathing comments from Mantashe, a blunt-speaking former trade unionist and senior figure in the ruling African National Congress (ANC).
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Many jewellers are postponing purchases hoping the rupee could rise further and prices will correct, said a Mumbai-based dealer with a bullion importing bank.
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Much has changed in the intervening years and the LME's unique modus operandi looks a good fit for a bullion market being reshaped by regulation.
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Fears about the health of the global economy have sent investors flooding to bullion, traditionally seen as a safe asset to hold in troubled times.
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Rate cuts in the United States could also weaken the dollar, which would support bullion by making it more affordable for buyers with other currencies.
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The bullion coins are bought by authorized dealers who then sell to the general public at a premium, which changes according to supply and demand.
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Weak U.S. retail sales data released on Wednesday fanned fears about the health of the world's biggest economy, aiding the safe-haven sentiment for bullion.
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Gold in Japan was sold at par with the benchmark, a Tokyo-based trader said, as bullion priced in Japanese yen was at elevated levels.
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Shipments of the bullion more than tripled to about $1.1 billion in the financial year ended June, compared to $343.3 million in the previous period.
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Bullion rates were quick to slump following the data, shedding nearly 15.544.25% in the latter part of its session, with the dollar erasing some losses.
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Current ultra-low rates cut the opportunity cost of holding non-yielding bullion, while keeping a lid on the dollar, in which it is priced.
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Assets of SPDR Gold Trust, the top bullion exchange-traded fund, held steady on Thursday, after rising to their highest since March 2015 on Wednesday.
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Higher rates tend to pressure gold by lifting the opportunity cost of holding non-yielding bullion and boosting the dollar, in which gold is priced.
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Signifying an uptick in investor sentiment toward bullion, speculators increased their net long positions in COMEX gold in the week to May 28, data showed.
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Faster economic growth or greater detail on Trump's tax plans could also prompt investors to move money from bullion to higher-yielding assets, Butler said.
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Gold prices settled higher before Trump made his remarks and eased fears of a global economic slowdown that has lifted bullion prices for the week.
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"The falling yields are reducing the opportunity cost of holding the bullion, which is supportive for gold prices," said Quantitative Commodity Research analyst Peter Fertig.
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Jewellers were making purchases to replenish inventories after brisk sales over the last few weeks, said a Mumbai-based dealer with a bullion importing bank.
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Later in the day, the Secretary, Leader McConnell, Governor Bevin, Congressman Guthrie and US Treasurer Carranza visited the United States Bullion Depository at Fort Knox.
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Further buoying demand for bullion, the dollar index slipped against key rivals, backing away from a near three-week high touched in the previous session.
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Further buoying demand for bullion, the dollar index slipped against key rivals, backing away from a near three-week high touched in the previous session.
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After the Fed comments, the dollar index rose to its highest since May 2017, making the non-yielding bullion expensive for holders of other currencies.
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Bullion is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off.
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The good delivery lists contain refineries whose gold and silver bars meet the required standard for acceptability in the London bullion market, the world's largest.
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Gold discounts have been narrowing as supplies are limited and jewelers are making healthy purchases, said a Mumbai-based dealer with a bullion importing bank.
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However, with bullion rising as much as 4% last week and up about 17% this year, some argued further gains may be tough to find.
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Reflecting investors' appetite for bullion, holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 0.8% to 824.89 tonnes on Monday.
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Bullion has risen more than $100, since the beginning of the month amid the heightened trade tensions and a slew of disappointing economic data globally.
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Gold American Eagle bullion coin sales from the U.S. Mint slumped to a third of the previous year's level in 2017, their weakest since 2007.
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Gold discounts have been narrowing as supplies are limited and jewellers are making healthy purchases, said a Mumbai-based dealer with a bullion importing bank.
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The Russian central bank alone added 224 tonnes of bullion to its gold reserves in that time, while domestic jewellery consumption reached nearly 40 tonnes.
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The firm manages the Sprott Physical Gold Trust (PHYS), an exchange-traded trust that represents ownership of gold bullion stored in the Royal Canadian Mint.
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A stronger greenback makes dollar-denominated gold more expensive for users of other currencies, while higher U.S. yields dampen the appeal of non-yielding bullion.
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Gold is highly sensitive to U.S. monetary policy, as rising interest rates lift the opportunity cost of holding non-yielding bullion, while boosting the dollar.
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Bullion has risen more than $100 since the beginning of the month amid the heightened trade tensions and a slew of disappointing economic data globally.
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Gold prices dipped to a fresh six-month low on Wednesday as the U.S. dollar strengthened, making bullion more expensive for buyers using other currencies.
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LONDON (Reuters) - European finance ministers have rejected a proposal to ease new liquidity rules for banks trading gold, the London Bullion Market Association (LBMA) said.
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Barrick's fortunes have improved this year along with other gold miners, buoyed by a 24 percent jump in the bullion price and deep cost cuts.
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He said gold could move higher if trade tensions re-escalate or if bullion reaches $13,350, near the top end of its latest trading range.
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While confidence in the battered bullion market has grown, no one is expecting a return any time soon to that all-time high in 22013.
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The joint venture, which had been announced in June 2016, aimed to develop a new system to settle London bullion by using Paxos' Bankchain technology.
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LONDON (Reuters) - The London Bullion Market Association (LBMA) said on Friday that ICE Benchmark Administration (IBA) had been selected to administer London's silver price benchmark.
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Japan saw muted activity, with bullion sold at par with the benchmark compared with $1-$1.25 discounts offered last week, a Tokyo-based trader said.
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"To sustain it (the bullish run in gold), you can't go too quickly too fast," said Ross Norman, chief executive at bullion dealer Sharps Pixley.
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The resource-focused sector added 0.3 percent, as gold miners profited from bullion prices that touched a one-year-high following weak U.S. jobs data.
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A weaker dollar makes gold less expensive for holders of other currencies, but higher U.S. bond yields make non-yielding bullion less attractive to investors.
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The stronger dollar makes gold more expensive for buyers with other currencies, while higher interest rates increase the opportunity cost of holding non-yielding bullion.
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Gold stocks jumped as much as 5.3% in their best intraday gain in more than six months, as bullion prices soared more than 3% overnight.
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The gang got off to a dramatic start in April 1974, when the men stole gold bullion from a storage area at the Ottawa airport.
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Bullion prices have shed more than 21%, or more than $2555, in less than a week, mainly hurt by a broader uptick in equity markets.
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The dollar's slide helped gold shrug off the impact of rising global Treasury yields, which increase the opportunity cost of holding non-interest bearing bullion.
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Gold prices on Monday slipped towards one-year lows as the dollar continued to strengthen against the currencies of key bullion consumers China and India.
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Gold has tumbled 20.46 percent since mid-April as a surge in the greenback made dollar-priced bullion more expensive for buyers with other currencies.
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Gold stocks climbed almost 2% as bullion prices jumped after investors rushed to safe haven instruments on nervousness around geopolitical risks in the Middle East.
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Even gold miners were not spared, despite a rise in bullion prices to 7-year highs this week, with the sub-index shedding nearly 1%.
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"The Fed leaving rates at an accommodative stance, along with the liquidity offered by the repo rate" has also provided support to bullion, he added.
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But government measures aimed at bringing transparency in bullion trading are likely to keep demand below the 22019-year average of 290 tonnes, he said.
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Demand usually jumps in December quarters due to the wedding season and as Indians celebrate festivals such as Diwali, when buying bullion is considered auspicious.
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JOHANNESBURG, Feb 12 (Reuters) - AngloGold Ashanti will sell its remaining South African assets for $300 million to Harmony Gold, the bullion miner said on Wednesday.
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Reflecting positive investor sentiment toward bullion, holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to their highest since Nov.
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However, gold stocks retreated 1.7, tracking a decline in bullion prices as investors moved back into risk assets amid some optimism over the Sino-U.
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The Aqua is the main restaurant and serves breakfast, lunch, and dinner, while The Bullion serves appetizers and snacks and functions more like a bar.
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Gold in Japan was sold at par with the benchmark, a Tokyo-based trader said, as bullion priced in Japanese yen was at elevated levels.
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Rising rates tend to pressure gold by lifting the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
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Longer-term, some analysts expect dollar strength to wane and possible geopolitical concerns and the heavy weight of gold bearish positions to help bullion recover.
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Higher interest rates boost the dollar and push bond yields up, putting pressure on gold by increasing the opportunity cost of holding non-yielding bullion.
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Higher interest rates make gold more expensive to own since bullion does not earn any interest or dividends, and costs money to store and insure.
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Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
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Russia's central bank, one of the largest holders of bullion, added 430,000 ounces of gold and Kazakhstan increased its holding by 86,819 ounces, data showed.
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Bullion was supported by key central banks cutting interest rates on the backdrop of the 17-month long tariff war and its impact on economy.
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Later in the day, the Secretary, Leader McConnell, Governor Bevin, Congressman Guthrie and U.S. Treasurer Carranza visited the United States Bullion Depository at Fort Knox.
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Data on U.S. second quarter gross domestic product (GDP) and labor costs also pushed the dollar lower, making bullion cheaper for holders of other currencies.
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The dollar index declined 0.1% after coming close to a one-week high in the previous session, making bullion cheaper for buyers in other currencies.
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