Citigroup says Venezuela deal covered $1.6 billion in gold
Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
A subsidiary bought the precious metal...
India, Singapore buyers cash in on slight price correction
Physical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.
In Japan, the metal was...
These 20 analysts forecast gold price above $1,400 in 2019
The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.
The LBMA, a standards...
Saudi gold and jewellery sector hit hard after expat ban
Saudi Arabia’s gold and jewellery sector have been hit hard by the lack of skilled Saudi nationals following the localisation of jobs in the industry, according to local media reports.
The kingdom banned the employment...
India, Japan demand falls; holiday hangover dulls trade elsewhere
Gold prices in India trading near record levels
Yen-denominated gold climbs to the 1-year peak
China premiums ease to $7-$10/oz
A rally in domestic prices curtailed physical gold demand in India and Japan, with...
At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded
At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported...
Russia’s central bank to pay less for domestic gold from May
Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday.
The central bank said that from May 1 it would add a...
Indian jewellers stock up; holiday dims activity elsewhere
Indian discounts narrow to lowest in two months
Feb, 10-13 India International Jewellery Show eyed
Japanese dealers offering discounts for the second week
Global spot gold prices on track for a weekly decline
Demand...
As good as gold for some brides in India as election nears
An India state will give gold worth about $530 to every bride from a poor family, the latest budget giveaway ahead of a general election that must be held by May.
The northeastern state of...
Venezuela trying to sell gold to stay afloat
Venezuela is reaching for its last card as the deck collapses on President Nicolas Maduro’s failed regime.
The country is selling its gold in order to provide liquidity for imports of basic goods.
You know your...
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