Gold Silver Reports –Gold prices on Thursday declined by Rs. 405 to Rs. 32,385 per 10 grams on reduced buying by local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
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Gold Prices Slip to Lowest This Year, Silver Edges Down
Gold fell to its lowest since end-December on Thursday as indications that the global economy might not be as pain-stricken as previously feared prompted investors to take risks ahead of a slew of economic data.
South African Gold Output Has Longest Losing Streak Since 2009
South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.
Gold Miner Enters into a Prepayment Deal with Citigroup
Sibanye Gold Ltd. raised $125 million by selling future gold production, the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.
Does Supply and Demand Really Influence Gold Prices?
Does Supply and Demand Really Influence Gold Prices?
Gold is an enigma. Certainly, gold has practical applications. It conducts electricity, does not tarnish, can be drawn into wire and hammered into thin sheets.
China Is on a Big Gold-Buying Friskines
Gold Silver Reports – Gold long term central bank buying is expected to boost prices amid continued demand, with Goldman Sachs predicting gold prices will rally from $1,300 to $1,450 an ounce over the next 12 months.