Latest News for: Gold reserves


Mongolia buys 5.6 tons of gold

Xinhua 09 Jun 2023
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank. Central banks across the world typically hold gold as part of their foreign exchange reserves.

Gold faces weekly gain on potential pause in Fed rate hike

The Times of India 09 Jun 2023
Gold prices eased on Friday after a more than 1% climb in the previous session, although bullion was on track for a weekly gain on bets that the U.S. Federal Reserve may pause rate hikes in its meeting next week ... * Spot gold inched 0.2% lower to $1,964.52 per ounce by 0041 GMT, but headed for a 0.8% weekly rise.

Ten-Fold Increase in US Jobless Claims Supports Rate Pause by Federal Reserve

FX Empire 09 Jun 2023
This report, therefore, is highly supportive of a rate hike pause by the Federal Reserve when they the next FOMC meeting on Tuesday-Wednesday, June 14 ... Currently, there is a 73.6% probability that the Federal Reserve will pause up a little over 1% as reflected by yesterday’s number of 72.5% ... Impact on Gold, Silver and US Dollar.

Gold spikes on US jobless claims on Thursday; exit all long positions below 59,000

Financial Express 09 Jun 2023
As the US jobless claims hit a two-year high, gold prices soared ... Strong intraday rally was seen yesterday in gold after US unemployment came higher than expected ... Many of the central banks in bid to de-dollarize have been buying gold into their reserves. Demand for gold in the first quarter in India was down by 17 percent due to high prices ... Gold.

Gold Price Forecast: Supported by Expectations of Fed Interest Rate Hike Pause

FX Empire 09 Jun 2023
Gold prices dip but poised for weekly gain. Expectations of interest rate hike pause support gold ... Gold (XAU) prices are edging lower on Friday following a more than 1% increase in the previous session ... At 06.00 GMT, Gold (XAU) is trading $1964.88, down $0.535 or -0.03% ... Federal Reserve meeting ... Daily Gold (XAU) ... Gold’s Consolidation Battle.

HEADLINES: Gibo to China: Earn our trust | June 9, 2023

The Manila Times 09 Jun 2023
Reserve requirement cuts set for end-June. Over to business, bank reserve requirements will be reduced effective June 30 as part of efforts to manage liquidity and credit conditions, the Bangko Sentral ng Pilipinas announced on Thursday ... PH raises gold medal haul to 28 at Asean Para Games.

Global market: SGX Nifty to Wall Street's new bull market - key triggers for the Indian stock market

Live Mint 09 Jun 2023
However, the yellow metal was on track for a weekly gain on hopes that the US Federal Reserve may pause rate hikes in its meeting next week.Spot gold prices fell 0.2% to $1,964.52 per ounce, while the US gold futures held steady at $1,979.50.EnergyCrude oil prices dropped after ...

Dollar decline driven by US weaponization

China Daily 09 Jun 2023
... as a concerted effort by an increasing number of countries to diminish the prominence of the US dollar in international trade, and the desire by a clear majority of central banks around the world that gold should become a more prominent reserve asset in place of the dollar.

RBI's gold reserve up over 40% in five years

The Times of India 08 Jun 2023
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, even as it seldom sells unlike other central banks ... India's official gold reserves is up from 17.9 million troy ounce in December 2017 to 25.55 million troy ounce in April this year according to the latest RBI data.

Gold Price Today, 8 June: Gold price flat as traders await RBI monetary policy verdict; silver gains mildly

Financial Express 08 Jun 2023
Gold Rate Today, Gold Price in India on 8 June ... Gold and silver also plunged as traders are also cautious after interest rates hiked by the Reserve Bank of Australia and Bank of Canada. Also Read ... “Gold price inched higher following a 1% drop in the previous session, while investors cautiously awaited the upcoming Federal Reserve policy meeting.

Gold prices decline by ₹420, silver prices jump by ₹500

Live Mint 08 Jun 2023
gold futures rose 0.2% to $1,961.50.Gold prices tumbled on Wednesday settling at their lowest level in more than a week as investors awaited further clues on the Federal Reserve's interest rate path .

White Gold Corp. Files Technical Report for its Flagship White Gold Project, Significantly ...

Enid News & Eagle 08 Jun 2023
TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- White Gold Corp ... AEM) and Kinross Gold Corporation (TSX ... 7) High-grade gold assay values have been capped as follows ... (2) See Newmont Corporation news release titled “Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces”, dated February 23, 2023.

Gold loses shine due to lack of demand, price reaches two-month low

The Eastern Herald 08 Jun 2023
Gold demand expected to decline by 9 percent in 2023 ... Last year, the central banks of various countries had strengthened their gold reserves by making a record purchase of gold due to fears of recession and upheaval in the global economy, but now the central banks of most countries have started buying gold from the international market.

Gold Price Forecast: XAU Rises as Dollar Weakens, But High Rates Cap Gains

FX Empire 08 Jun 2023
Gold prices rise due to weaker dollar and anticipation of Fed decision ... Gold (XAU) prices are edging higher on Thursday, buoyed by a weaker dollar, while awaiting cues from the U.S. Federal Reserve. Although gold remained near the previous session’s lows, support from expectations of the Fed holding rates next week provided some optimism.

Gold falls ahead of Fed's policy meeting

Urdu Point 08 Jun 2023
Gold remained trapped in a tight trading range of about 2 percent from the lower to higher end in the past week, as investors waited for clues on the Federal Reserve's interest rate direction.

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Secretary of State Antony Blinken participates in a joint press availability with Sweden's Prime Minister Ulf Kristersson in Luleå, Sweden, on May 30, 2023.
Public Domain / Chuck Kennedy
FILE - Russian President Vladimir Putin, right, and Belarusian President Alexander Lukashenko pose for a photo prior to their talks at the Novo-Ogaryovo state residence, outside Moscow, Russia, Feb. 17, 2023. Lukashenko, a close ally of Russian leader Putin, is due in Beijing to begin a three-day state visit Tuesday, Feb. 28, 2023, as geopolitical tensions rise over Russia's invasion of Ukraine.
AP / Vladimir Astapkovich, Sputnik, Kremlin Pool Photo via AP, File