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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.
Gold Silver Reports — Australia’s top gold producers are set to take their $5 billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles.
Gold Silver Reports — The London Bullion Market Association this week lifted the veil on how much gold is stored in vaults in the city, which instantly joined a list of the world’s biggest hoards.
Gold Silver Reports — India’s gold demand surged in the June quarter, helped by improved rural sentiment and buying ahead of the 1 July implementation of the Goods and Services Tax (GST).
Gold Silver Reports — Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council.
Gold Silver Reports — Harmony Gold Mining Co.’s long-running talks to buy AngloGold Ashanti Ltd.’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter.