Latest News for: Gold reserves


China's gold imports from Switzerland have soared to a 5-year high as Covid-19 lockdowns ease

Business Insider 18 Aug 2022
Getty Images China's imports of gold from Switzerland soared to a five-year high last month ... But even as the US Federal Reserve has hiked interest rates in response to persistent high inflation, gold has yet to live up to investors' expectations as a hedge against inflation.

India's demand for yellow metal rises 43% in Q2: World Gold Council

The Times of India 18 Aug 2022
Value-wise India's second quarter (Q2) 2022 gold demand value was Rs 79,270 crore, an increase of 54 per cent in comparison with Q2 2021 (Rs 51,540 crore) ... Globally gold bar and coin demand remained stable year-on-year at 245 tonnes in Q2 ... Global official gold reserves grew by 180 tonne in Q2, taking H1 net purchases to 270 tonne.

Bright Simons: Is the Bank of Ghana losing the plot?

Joy Online 18 Aug 2022
Zimbabwe recently abandoned this same bullion-reserves approach, despite at one point hoarding the world’s second largest stash of gold reserves, to focus on getting its citizens to shift from forex to gold coins as a store of value, a somewhat less fraught but equally dubious proposition.

Gold trims losses after US Fed minutes; firmer dollar weighs

The Times of India 18 Aug 2022
Gold pared some losses on Wednesday after minutes from a Federal Reserve meeting showed the pace of future hikes would depend on incoming economic data, while the dollar also added pressure on prices. Spot gold fell 0.5% to $1,766.29 per ounce by 2.36 pm ET (1936 GMT). US gold futures settled down 0.7% to $1,776.7.

Venezuela’s Gold Dispute in UK Courts Is a Battle for Sovereignty

GlobalResearch 18 Aug 2022
There is no respect for the law!” Venezuelan President Nicolás Maduro made this damning statement in a televised address on August 3 following the decision by a British high court to reject the Venezuelan state access to its gold reserves worth $1.8 billion in the Bank of England.

China is ramping up Swiss gold imports, signaling better demand

Mining Dot Com 18 Aug 2022
The data indicates that Chinese gold demand is picking up, after being hurt by lockdowns to control covid outbreaks in several major cities ... Only lenders with state-issued licenses are permitted to bring gold into China.

Attacks on Brazil's indigenous people rose sharply in 2021, report says

Reuters 18 Aug 2022
With more than 20,000 illegal gold miners on the Yanomami reservation on the border with Venezuela, invaders have begun armed attacks against indigenous communities, causing a climate of terror and deaths, including of children, Cimi said. In Par� state, where surging wildcat gold ...

Even the Washington Post Knows the Government Has Messed Up the Economy

The American Spectator 18 Aug 2022
Where do the beliefs that government dial manipulation can fix everything come from? They go back to the progressive era — to President Woodrow Wilson and the Federal Reserve Act, President Franklin D. Roosevelt’s New Deal and his limiting the gold standard, and President Lyndon B.

Former U.S. Mint Director Picks Gold Instead of This Popular Retirement Asset

The Facts 17 Aug 2022
Money Reserve, talks about why gold might be a better safe haven for retirement than stable value funds, which are often included in 401(k)s ... Why Moy Prefers Gold ... Money Reserve, America's Gold Authority®, has served more than half a million clients looking to add gold and other precious metals to their portfolios ... SOURCE US MONEY RESERVE.

Mineral Resource Update for La India Project of 9.7 Mt at 3.5 g/t gold for ...

Eagle-Tribune 17 Aug 2022
17, 2022 (GLOBE NEWSWIRE) -- Condor Gold (AIM ... The updated MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated mineral resource category and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred mineral resource category ... Sample results higher than 10 g/t gold were systematically re-assayed using a gravimetric finish ... gold.

Gold falls on stronger U.S. treasury yields 17 Aug 2022
Shortly after the floor trading of gold closed, the Federal Reserve released the Federal Open Market Committee minutes, showing the Federal Reserve believes that a more restrictive policy stance is required to meet the dual mandate of inflation control and boosting employment.

UAE: Gold prices up as investors eye cues from US Fed minutes

Khaleejtimes 17 Aug 2022
Gold prices were up on Wednesday morning ahead of the release of the minutes of the US Federal Reserve's last policy meeting later in the day that could offer clues on further interest rate hikes. Spot gold was up at $1,778.73 per ounce, up 0.17 per cent as of 9.13 am UAE time.

The Fully Gold Backed Token – ComTech Gold (CGO) Is Now Available for Trading on ...

LB News 17 Aug 2022
Introducing ComTech Gold ... Physical gold is hard to store and transport ... A reputed auditing firm conducts regular audit to match the outstanding supply of CGO tokens and give audit report by custodian about physical quantity of gold ensuring that the reserve of physical gold exactly matches the outstanding supply of CGO tokens.

Gold struggles as investors await clues for further Fed rate hikes

Business Day 17 Aug 2022
Gold struggled for momentum on Wednesday, as investors awaited minutes from the US Federal Reserve’s last policy meeting that could offer clues on further interest rate hikes amid signs of easing inflation. Spot gold was flat at $1,775.91 per ounce, as of 2.42am GMT, after hitting its lowest since August 8 at $1,770.86 on Tuesday.

Gold flat as investors await cues from Fed minutes

The Times of India 17 Aug 2022
Gold prices were flat on Wednesday, as investors awaited the release of the minutes of the U.S. Federal Reserve's last policy meeting later in the day that could offer clues on further interest rate hikes ... * Spot gold was flat at $1,775.59 per ounce, as of 0119 GMT, after hitting its lowest since Aug ... gold futures were steady at $1,788.80 per ounce.

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