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...The metal was up 1.7 per cent in late New York trading at $2,373.23 per troy ounce. Gold has notched up almost 20 record high closes since the start of the year....
...The People’s Bank of China led record gold purchases by central banks in 2022 and 2023, collectively buying above 1,000 tonnes each year, as emerging markets sought to diversify their reserve holdings away...
...However, some analysts caution that gold’s surge from more than $1,800 a troy ounce six months ago looks overdone, particularly given the risk that the Fed and other big central banks lower interest rates...
...Chinese investment demand for gold — spanning bars and coins — grew 28 per cent to 280 tonnes, largely offsetting a steep drop in Europe....
...However, on Wednesday, the gold price reached a record high of $2,295 per troy ounce. I think that’s a “klaxon” signalling it’s time to examine the reasons for holding it....
...“Always gold bars and Maotai [Chinese liquor] . . ....
...Gold rose as much as 3.1 per cent to a high of $2,135.39 a troy ounce, according to Bloomberg data. The yen and the renminbi each strengthened 0.1 per cent to trade at ¥146.61 and Rmb7.1318 a dollar....
...Only the last ounce of lyrical warmth eludes his voice....
...As it transpires, each of the following three days is dense with pretty special somethings....
...But perhaps the purchases by Chinese households of gold through jewellery, bars and even exchange traded funds had been missed....
...In the year ended June 30, the group produced 1,714 ounces of gold-equivalent and generated more than $3bn in revenues, an 8 per cent year-on-year rise....
...Those in need of pure swank are catered for by the pop-up Krug and meze bar, gold-leafed and crystal-decked main restaurant and private spa suites....
...Further evidence of OTC demand was supported by the gold price holding firm above $1,900 per troy ounce despite sharp net outflows from exchange traded funds backed by gold in June and a net reduction in...
...Naylor-Leyland says the ratio of silver to gold being mined is 12:1, but the price ratio was 120:1 during the Covid pandemic....
...The company’s guidance of 180,000-190,000 ounces (oz) of gold for the full year to June 30 is down on the 200,000-plus oz seen in 2021 and 2022, although the company has flagged this could increase depending...
...The dark blue bars show the start of the period (October 2023 and January 2021) and the light blue bars show the end (March 2024 and December 2021): Margins: Impressive but peaky then; more measured now...
...The price of gold, which has rallied more than 8 per cent since Hamas’s attack on Israel on October 7, fell 0.6 per cent to $1,980.58 a troy ounce....
...(It does: Theo had a point when he likened it to “a piece of fabric embroidered with satin and gold”.)...
...“For the first time in the history of FTAs, binding commitment of $100bn investment and 1 million direct jobs in the next 15 years has been given.”...
...And there’ll be indoor and outdoor pools and a rooftop bar....
...Old cities industrialised on the right, California and its gold got statehood on the left — and a Great American Desert lay between....
...Five more top stories 1....
...The dollar weakened 1.1 per cent against a basket of peers while gold added 0.4 per cent to $2,035 per troy ounce. Additional reporting by Stephanie Stacey in London...
...Martha Stewart recently expressed elation via Instagram over news that Goldsworthy was constructing an undulating 1,500ft kerbstone in Bar Harbor, Maine, where she keeps a summer home....
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