Hints and tips:
...Gold prices edged lower from their record high levels, falling to $2,052 per troy ounce, while the dollar index rose. US equities opened lower, with the S&P 500 down 0.1 per cent....
...The Turkish lira fell 1.5 per cent against the dollar while the Mexican peso slipped 1.6 per cent and the South African rand lost 1.8 per cent....
...The price hit a 17-month high of $1,740 a troy ounce in February, and was trading at $1,476.99 on Monday....
...-$1,800 a troy ounce over the next six months, averaging $1,625....
...Reports of the wage agreement saw the price of the precious metal fall 2.8 per cent to $1,614.80 a troy ounce....
...Steven Nathan, marketing director at the Rand Refinery in South Africa, said that sales of the popular gold krugerrand coin were at a record level: “Demand is insatiable....
...Gold has remained within reach of its nominal record high of $1,575 a troy ounce, trading at $1,545 on Tuesday, while silver has stabilised at about $36 a troy ounce after a sharp fall....
...Scores of speculators, meanwhile, are buying into gold-backed exchange-traded funds, hoping to see further upside in the gold spot price, which set another high of $1.387 a troy ounce this week....
...That helped push the gold price to a nominal all-time high of $1,248.95 a troy ounce earlier in the month. On Wednesday it was trading just short of that level at about $1,220....
...That helped push the gold price to a nominal all-time high of $1,248.95 a troy ounce that month. On Wednesday, it was trading just short of that level at about $1,220, down 0.3 per cent on the day....
...Newcrest suspends Ivory Coast operations Newcrest Mining suspended operations at its 120,000 troy ounces per year Bonikro gold mine in the west African nation of Ivory Coast, following tensions around the...
...Coins that are currency but not sterling, such as South African krugerrands, are subject to CGT, the Revenue says....
...Sales of one-ounce American Eagle gold coins from the US mint recorded their best month in 11 years while the Rand refinery in South Africa, which produces the popular krugerrand coin, has had to increase...
...Bullion later pared gains to trade at around $1,185 a troy ounce as the US dollar strenghtened....
...The dollar sank to fresh lows for the year on Wednesday as gold again tested the $1,000 a troy ounce level and risk-hungry investors pushed US and European equities higher....
...In commodities, the stronger tone of the dollar left gold languishing below $1,000 a troy ounce for much of the session, after reaching an 18-month high of $1,023.85 last week....
...South Africa’s mining sector means the rand is a typical recovery play and has been helped further by the rally in gold, where prices recently passed $1,000 a troy ounce....
...Sales of South Africa’s Krugerrand, the world’s most popular bullion coin, are running 10 times higher than this time last year, with investors buying about 20,000 ounces a week, according to Johan Botha...
...Goldline International, a popular online retailer based in California, quoted the American Eagle, the American Buffalo and the South African Krugerrands gold coins $80 above spot prices....
...Bullion dealers reported they were struggling to source krugerrands, South African one-ounce gold coins favoured by retail gold bugs....
...Nymex November RBOB unleaded gasoline fell 11.2 cents to $1.5819 a gallon....
...Platinum dipped 0.4 per cent to $1,983.5 a troy ounce yesterday after reaching a record $2,290 in March following power supply problems in South Africa....
...Platinum shot through the $2,000 a troy ounce level, gathering momentum as the potential scale of the disruption to South African production became clearer....
...Gold was 0.04 per cent higher at $874.55 per troy ounce for immediate delivery. The MSCI Asia Pacific index excluding Japan was 0.1 per cent lower by mid-afternoon in Hong Kong at 498.64....
...Platinum gained 2.1 per cent to $1,584 a troy ounce after hitting a record $1,591.50 earlier in the session....
International Edition