Hints and tips:
...per troy ounce as higher rates raise bonds’ attraction relative to non-yielding bullion....
...Adjusted for the present day value of the dollar would be close to $2,700 per troy ounce. That leaves a lot of road to run for gold prices now, he argues....
...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....
...Silver also fell nearly 2 per cent to $25 an ounce, while palladium was down almost 6 per cent at $2,535 an ounce....
...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...
...Gold prices rose more than 8 per cent last week to hit $1,626 a troy ounce by Friday afternoon, the best weekly performance since 2008, driven by a shortage of gold following the temporary shutdown of refineries...
...Given that the gold price in euros has also leapt to a record high of €1,660 per troy ounce, however, the price increase is also attributable to other factors....
...“The most beautiful man alive, as he was certainly the most violent . . . the beauty and the terror were two sides of a single coin.”...
...In turn Gold has climbed to a two-year high just below $1,375 a troy ounce, while silver remains above $20 an ounce....
...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....
...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....
...have increased the appeal of owning gold bars and coins....
...For Surender Kumar Jindal, one of the biggest sellers of gold and silver bars in India, this year has not been good for business....
...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 to $1,077 a troy ounce in July, which drove buying by retail buyers....
...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....
...Other precious metals were dragged down by gold’s retreat on Tuesday, with silver down more than 5 per cent to $16.32 a troy ounce, while platinum retreated 3.4 per cent to $1,173.50 a troy ounce, falling...
...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....
...This year, however, bullion has stabilised, rising 9 per cent to $1,312 a troy ounce, lifted by geopolitical tensions in the Middle East, north Africa and Europe....
...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....
International Edition