The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

Top News

Probe Ordered into Surat’s G&J Park Land Issue

Surat: The district collector of Surat has ordered an inquiry on Thursday into a complaint given by farmers over 100 hectare of land allotted for development of gems and jewellery park at Ichhapore, reports The Times of India. A Surat District Panchayat member had submitted the application on behalf of the farmers. Ichhapore and Hazira villagers allege that diamond company

Read More »

Plan to Open Puri Temple Treasury

Bhubaneswar: The Puri Jagannath temple management will shortly make yet another effort to open the doors of the inner chambers of the ratna bhandar, the treasury of the deities. It will be the fourth attempt by the temple management in the last 40 years to open the inner chambers of the treasury. The first attempt of the recent past was

Read More »

Platinum Market Set to be Balanced in 2018

London: Last year, platinum production increased by 1 percent while global demand fell 7 percent year-on-year, leaving the market with a 250,000-ounce surplus. However, the market is expected to return to equilibrium this year, with an estimated small surplus of 25,000 ounces. In 2017, demand was down in the automotive industry. The report states that, “Demand fell 3 percent due

Read More »

Gold Corporation & Kirkland Lake Gold Join WGC

London: The World Gold Council (WGC), the market development organisation for the gold industry, has welcomed Detour Gold Corporation and Kirkland Lake Gold Ltd. to its Board of Members. Detour Gold Corporation (“Detour”) is a Canadian mid-tier gold mining company, with expected 2018 production to be between 600,000 and 650,000 ounces. Detour owns and operates the Detour Lake mine, one

Read More »

Probe Ordered into Surat’s G&J Park Land Issue

Surat: The district collector of Surat has ordered an inquiry on Thursday into a complaint given by farmers over 100 hectare of land allotted for development of gems and jewellery park at Ichhapore, reports The Times of India. A Surat District Panchayat member had submitted the application on behalf of the farmers. Ichhapore and Hazira villagers allege that diamond company

Read More »

Plan to Open Puri Temple Treasury

Bhubaneswar: The Puri Jagannath temple management will shortly make yet another effort to open the doors of the inner chambers of the ratna bhandar, the treasury of the deities. It will be the fourth attempt by the temple management in the last 40 years to open the inner chambers of the treasury. The first attempt of the recent past was

Read More »

Platinum Market Set to be Balanced in 2018

London: Last year, platinum production increased by 1 percent while global demand fell 7 percent year-on-year, leaving the market with a 250,000-ounce surplus. However, the market is expected to return to equilibrium this year, with an estimated small surplus of 25,000 ounces. In 2017, demand was down in the automotive industry. The report states that, “Demand fell 3 percent due

Read More »

Gold Corporation & Kirkland Lake Gold Join WGC

London: The World Gold Council (WGC), the market development organisation for the gold industry, has welcomed Detour Gold Corporation and Kirkland Lake Gold Ltd. to its Board of Members. Detour Gold Corporation (“Detour”) is a Canadian mid-tier gold mining company, with expected 2018 production to be between 600,000 and 650,000 ounces. Detour owns and operates the Detour Lake mine, one

Read More »

Latest Videos