Get latest Commodities News,Commodities Market News,News Commodities India,Latest Gold rate in India,gold price in rupees,news on Commodity Market,Silver price charts,Commodity prices and data on Silver,Gold,Crude Oil,MCX India,gold prices,copper and more on Commodity Market India.
American Eagle Coin Sales in 2016 vs. 2015 *For 2015, sales figures are through May 31; for 2016, figures are through May 20; source: U.S. Mint
Gold Silver Reports — A new code for precious metals has been created that will apply to all precious metals markets participants and will provide guidance for best practice, the London Bullion Market Association (LBMA) said.
Gold Silver Reports — Gold at risk of taking a tumble as a resurgent dollar erodes demand with the Federal Reserve opting for not one, but two rate increases before the year-end, according to UBS Group AG’s wealth-management unit, which forecasts that bullion may drop back to $1,150 an ounce.
Gold Silver Reports — Venezuela cut its gold reserves by 16 percent in the first quarter, according to data from the International Monetary Fund, as the country’s economic crisis deepened and the government faced concern that it may struggle to honor bond payments.
Gold Silver Reports — Gold sales by retailers in Hong Kong are forecast to experience in 2016 the worst downturn in at least 15 years as fewer mainland shoppers spend less money on jewelry.
Gold Silver Reports — Sibanye Gold Ltd., the biggest producer of the precious metal from South African mines, wants to buy a gold-producing asset by the end of the year, adding to its acquisitions of platinum operations in its home country.
The asset would have to make a “material difference” to Sibanye’s current output, meaning it would have to produce at least 200,000 ounces of gold a year, Chief Executive Officer Neal Froneman said in an interview after the company’s annual general meeting Tuesday. Any acquisition would have to be generating cash to help pay dividends, he said.
