The price of spot gold climbed past $2,500 an ounce to a new record on Wednesday. The precious metal has rallied more than 20% this year on anticipation that interest rates could eventually ease. Since gold offers no yield, traders … Read More
April 1 (UPI) — The price of gold on Monday hit a new high of $2,250 per ounce. Financial experts are pointing to inflation and a pause in interest rate increases by the Federal Reserve as reasons why the the price of gold … Read More
NEW YORK, March 5 (Reuters) – Wall Street retreated on Tuesday while bitcoin and gold touched all-time highs as market participants eyed upcoming economic data and central bank actions. All three major U.S. stock indexes followed their European counterparts lower … Read More
LAST year, 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967 – the year that the London Gold Pool collapsed. The gold repatriations by many European countries of the last few … Read More
Eight tons of gold are missing from the Central Bank in Caracas, apparently taken out on President Maduro’s orders. It’s not the first case, gold is missing: Last year, 23 tons were shipped to Turkey. It is unclear whether supplies … Read More
MOSCOW (Reuters) – Russia has overtaken China to become the world’s fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday. With support from … Read More