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...Gold prices collapsed from a high of $1,920 per troy ounce in 2011 after the financial crisis to nearly $1,200 two years later....
...Talk of the increasing potential for investors to hedge against inflation by buying real assets comes as gold rose to its highest level in more than a month on Monday, reaching a peak of $1,998 a troy ounce...
...On Wednesday, it touched $1,887 a troy ounce, a four-month high, dipping only slightly by Friday to $1,878....
...The gold/silver ratio reached its all-time peak on March 18, when the silver price collapsed to $11.94. At that point the spot price of a troy ounce of gold was worth 126.5 ounces of silver....
...The company said it had purchased more than 1m ounces of silver grain and bars, more than 20,000 American Gold Eagles coins, thousands of gold bars, and “anything else we can find utilising our many partners...
...Last month, analysts at Goldman Sachs argued it was “time to buy the currency of last resort”, saying gold could hit $1,800 a troy ounce from its current price of about $1,650 due to “fear-driven investment...
...Net sales volumes to retail investors in the US of gold and silver coins and bars fell 40 to 50 per cent in the third quarter, according to Thomson Reuters GFMS....
...In turn Gold has climbed to a two-year high just below $1,375 a troy ounce, while silver remains above $20 an ounce....
...have increased the appeal of owning gold bars and coins....
...This year’s rally in the dollar gold price has been partly driven by western investors piling into gold-backed exchange traded products following the metal’s slide towards $1,000 a troy ounce at the end...
...Silver prices have jumped 25 per cent this year to $17.15 a troy ounce, surpassing gold’s performance as investors have bought exchange-traded products backed by the metal, as well as coins and bars....
...Gold fell more than 1 per cent to a 10-day low of $1,270.9 a troy ounce. “Overnight we have seen two polls, one with Leave in the lead and the other with Remain in the lead....
...The price of digital currency bitcoin has risen 7 per cent since Friday to its highest level since March at $260, while gold is down 1 per cent trading flat at $1,169 a troy ounce....
...Silver was also in demand, rising 75 cents to $17.08 an ounce....
...Gold and silver made their biggest weekly gains in more than three months after surging through $1,300 and $20 a troy ounce respectively....
...After hitting a three-decade high of $49.51 a troy ounce in 2011, silver has been in retreat. But in 2014, the performance has been more stable, selling for between $19 and $22 an ounce....
...A combination of sectarian violence in Iraq and geopolitical tensions in the Middle East and Ukraine helped gold break through $1,300 a troy ounce to register its first weekly advance in a month....
...Mr Steel said the strong demand for silver had been driven by falling prices. Silver prices fell to a near three-year low of $18.19 a troy ounce this summer and on Wednesday were trading at $20.55....
...The metal is down about 27 per cent in the year to date and is heading for its first annual decline in 13 years Elsewhere, silver hit $19.09 a troy ounce on Monday, its lowest level since July....
...Elsewhere, silver dipped 1.3 per cent to $21.35 an ounce, having also fallen to a three-week low, while platinum eased 0.9 per cent to $1,436 an ounce....
...Bullion prices rose 4.5 per cent over the week to hit a peak of $1,373 a troy ounce....
...Silver prices have gyrated in the past 10 years, spiking to a record high above $49 per troy ounce in April 2011 before collapsing. Spot silver was up 1.6 per cent Wednesday at $21.87....
...In other precious metals, sliver fell to a four-week low of $21.35 a troy ounce, before rallying to $21.82. Over the week silver dropped 8 per cent....
...The precious metal fell as low as $1,268.89 a troy ounce and was later trading at $1,289.04. Silver, meanwhile, lost 12 per cent on the week to $19.35 a troy ounce....
...The Wall Street bank said it expected the precious metal to remain range bound, trading around $1,300 a troy ounce until the end of the year....
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