Late July tariff cuts boost domestic demand for gold jewellery and bars
Investors shrugged off market ructions and ignored the usual summer lull to pour $130bn into exchange traded funds
Investors should expect more opportunistic bids in a fragmented sector suffering from dearth of new projects
Consolidation heats up in precious metals mining sector
The UK’s oldest company has repurposed its south Wales plant to extract precious metals from discarded electronics
Central banks bought 483 tonnes of the precious metal in the first half
The metal has climbed way past the rate of inflation. Why?
Endeavour Mining had agreed to sell sites to rival last year for $300mn
The price of gold reached a record high this week, driven by concerns over inflation and instability
Plus Chinese government bonds
Plus gold miners and job report revisions
US and European buyers position for lower borrowing costs after sitting out much of precious metal’s rally
Plus the language of rate increases and X’s debts
Family offices and rich individuals likely to be behind record second quarter, says report
The products, based on Nvidia, Tesla and GLD, provide premium income, limit capital gain, but cushion losses
Precious metal tops May peak after rallying 6% this month
Industry bodies are struggling to agree on the terms ‘recycled’ and ‘reprocessed’, creating confusion among consumers
Some brides switch to artificial jewellery, although richest consumers have not been put off
Islamist regime has issued hundreds of contracts to tap gold, gemstones and minerals
Presidential election comes as Iranians face cost of living crisis — even much-derided cheap car is unaffordable for many
Plus, the dark side of tokenisation and two arrests
Advanced economies’ central banks expect the metal’s share of global reserves to rise at the expense of the dollar
Illicit trade now accounts for about 40% of continent’s production, according to Swissaid
Hedge funds and other traders close negative bets and add to bullish positions
The average daily trading volume on the Shanghai Gold Exchange almost doubled in April
