Monday, April 27th 04:25 PM

In the first quarter, Polyus sold 390,000 ounces of gold from its continuing operations, up 14% from a year earlier, but down 18% from the previous quarter...Continue

Bullion Capital announces liquidity deal with Finemetal Asia

  • Bullion Capital has announced a new partnership agreement with specialist liquidity provider, Finemetal Asia. The collaboration with Finemetal Asia is a significant step in Bullion Capital's rapid global expansion since it launched a pioneering real-time exchange for allocated physical precious metals in 2013.

India Gold ETFs decline in March quarter: CRISIL

  • Gold exchange traded funds (ETFs) has posted 4.46% decline or 21,742 folio closure to end at 4.66 lakh folios in the quarter ended March 2015. The retail segment saw closure of 20,265 folios in the latest quarter as investors shied away from the category due to subdued performance by the underlying asset.

What to lift Gold to $1,300 an ounce?

  • The combination of U.S. economic growth concerns along with the rising risk that Greece will default on its debt obligations in the coming months, should see gold rally to highs near $1,300 an ounce sometime in Q2-2015 -- monetary policy trends, safe-haven buying should prompt specs to cover short exposure and build new longs, with technical positioning providing the path to the higher target.

Russia raises Gold reserves to 39.8 mn oz in March

  • The country's gold holdings stood at 39.8 million ounces as of April 1 compared to 38.8 million ounces a month earlier.

What to drive Gold prices in near term?

  • The timing of the Federal Reserve's US rate hike remains the dominant driver of gold prices in the short term, said British bank Barclays, adding that the bank's economist still expect a first move in September.

US Gold Bullion exports spike 83% in Q4: USGS

  • Most of the increase in bullion exports in the fourth quarter were, in descending order, to Switzerland (29,400 kg increase), Hong Kong (23,800 kg), and India (10,200 kg), which were partially offset by a 6,100 kg decrease in exports to the United Kingdom.

India's Gold imports surge 93.86% to $4.98 bn in March

  • India's gold imports surged by 93.86% to $4.98 billion in March as compared to $2.57 billion in the same month last year mainly due to declining prices and easing of restrictions by the RBI. Nation's silver imports also advanced about 4.5 times, from $121.4 million to $561.4 million.

McEwen Mining Gold production rises sharply in Q1; Silver declines

  • McEwen Mining has produced 24,696 ounces of gold during the first quarter of 2015, a year-on-year rise of 23%, while silver production declined 10% year-on-year to 655,339 ounces.

US Gold production advances sharply by 10% m/m during December

  • United States gold production advanced sharply by 10% month-on-month to 19,000 kilograms (kg) during December. However, the figure which represent a decrease of 6% compare to December 2013.
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