08 December 2021The latest gold withdrawal figures from China's Shanghai Gold Exchange, point to an annual gold demand total exceeding 1,700 tonnes this year, the highest level since 2018.
07 December 2021In recent weeks the platinum price has been rapidly closing the gap which had developed between it and palladium. That the two will reach parity eventuslly we see as inevitable, although that may take slightly longer than we had previously anticipated.
05 December 2021Not a good week for gold, which ended the period close to where it had started it, despite some storng up and down movement in between, Bitcoin also saw a huge down and up movement on Friday which volatility may well reduce its attraction as a wealth protection alternative to gold
23 November 2021Latest figures from the Russian central bank show another increase in its gold reserves in October of 3.1 tonnes , a similar amount to that recorded also in July and September. However this amount is too small to yet know whether this represents a reversal in the bank's recent gold buying policy.
21 November 2021The latest gold export figures for October released by the Swiss customs authorities, show that China has resumed its position as the No.1 importer of Swiss gold refinery output, followed by India and Hong Kong.
19 November 2021The latest announced gold withdrawals figures from the SGE for October have come in as the highest since 2018 meaning the likely full year total will be the highest since then too/
16 November 2021The latest CPI data released in the middle of last week have led to a sharp pick-up in gold and silver prices in particular. If these price levels can be maintained, or built on, we may be seeing a strong upwards price push bringing the chances of $2,000 gold rather nearer.
15 November 2021News last week of the proposed acquisition of Canada's Pretium Resources by Australian gold major, Newcrest Mining, is yet another example of gold majors maintaining, or increasing, their gold output levels through M&A. Pretium's Brucejack mine is one of the world's most productive and highest grade gold mines.
11 November 2021With the latest U.S. CPI data figure coming in well above expectations, precious metals all received a price boost - none more so than gold and silver which moved up sharply and, so far, have managed to hold on at the higher levels. We suspect these improved prices may be here to stay and represent something of a reset in the investment attitudes towards gold and silver in particular.
08 November 2021Canadain consultancy, Murenbeeld & Co,, whose opinions I rate highly, has come up with a new revised forecast for the gold price over the next few quarters. We think his views are perhaps too conservative but, as one of the most accurate gold price forecasters out there they are well worth publicising to our readers,
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