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Gold Silver Reports — A group of United Nations experts said it’s gathered evidence that a sanctioned Congolese military officer owns gold mining operations in the northeast of the country, contravening the country’s mining code.
Gold Silver Reports — Titan Co. Ltd., India’s top maker of branded jewelry by market value, expects sales from its Tanishq stores to rise 30 percent this fiscal year as the country’s tax overhaul helps to attract more customers and the company expands its network. The shares rose to a record even as bullion prices fell.
Gold Silver Reports — Hedge fund manager Ray Dalio recommends investors consider placing 5 percent to 10 percent of their assets in gold as a hedge against current political and economic risks.
Gold Silver Reports — Gold climbed to the highest since mid-June, pushing up mining-company shares amid military tensions between the U.S. and North Korea.
Gold Silver Reports — Gold imports by India are said to have risen in July on arrival of some delayed shipments booked ahead of the implementation of a new national goods and services tax on the first of last month, according to a person familiar with the information.
Gold Silver Reports — Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.’s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer.
Gold Silver Reports — Discounts on gold have disappeared as jewellers have started restocking the precious metal a month after introduction of 3% GST on gold, as market sentiment turns positive. A southward price movement of gold due to strengthening of the rupee against the dollar has also helped consumers take interest in the yellow metal.