India Gold Demand Improving But Not Where It Needs To Be – Platts
(Kitco News) – The start of the fourth quarter is seasonally important for the physical gold market, but although this sector has improved, there are still signs of lackluster demand, according to one research firm.
Read moreSecret Alpine Gold Vaults Are the New Swiss Bank Accounts
Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a facial-recognition screen are performed. A maze of tunnels once used by Swiss armed forces lies within.
Gold Tries to Overcome Stronger Dollar, Ends Up Modestly Off On Day
The U.S. dollar strengthened vs the euro in U.S. trading as Deutsche Bank sold off dramatically after approximately ten hedge funds downgraded the German megabank. In afternoon trading the U.S. listed Deutsche stock is off 6.5%. .
Read moreGold Gets Modest Boost On Deutsche Bank Worries, Rallying Crude Oil
Gold prices ended the U.S. day session firmer Thursday and were lifted by concerns about a big German Bank staying liquid and by higher crude oil prices.
Read moreGold Pushes Above Unchanged On News German Deutsche Bank Getting Downgraded
Gold prices have moved above unchanged and are trading modestly higher in midday trading Thursday.
Read moreBMO: Safe-Haven Demand To Drive Gold, Silver Prices Through To 2019
(Kitco News) – Safe-haven demand will continue to drive gold and silver prices higher next year and support the precious metals market in the next three years, according to one Canadian bank that is making across-the-board revisions to its precious me…
Read moreKirkland Lake Gold, NewMarket To Merge In C$1 Billion Deal
Kirkland Lake Gold Inc. (TSX: KLG) and Newmarket Gold Inc. (TSX: NMI) announced Thursday that they have entered into an agreement to merge in an all-stock deal valued at C$1.01 billion.
Read moreGold Prices Turn Positive After 2.4% Fall In Pending Home Sales
(Kitco News) – Gold prices have managed to find some traction Thursday, following data that points to weaker U.S. home sales in the next few months.
Read moreA Trump Victory Could Drive Gold Prices Up 10% – ETF Securities
(Kitco News) – If you are a gold bug, then you might want to look at voting for Republican presidential nominee Donald Trump, as one firm thinks that the uncertainty surrounding his populist policies would be good for the yellow metal.
Read moreBBH: September U.S. Jobs Data Likely To Be Strong
Brown Brothers Harriman looks for U.S. September nonfarm payrolls growth, due out Oct. 7, to be strong enough to encourage the Federal Open Market Committee to hike interest rates again.
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