Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as U.S. equities weakened and the dollar fell. The most active gold contract for April delivery rose 6.9 U.S. dollars, or 0.56 percent, to settle at ...
Tags: Gold futures, Physical demand
The Chinese private sector's annual gold demand is set to increase 25% from the current level of around 1,100 mt to at least 1,350 mt by 2017, the World Gold Council said Tuesday in the 'China's gold market: progress and prospects' report. ...
Tags: Gold Demand, jewelry market
Domestic gold futures still have room to grow following the recent commodities rally, which sent gold, copper and crude oil to multi-month highs last week. The most traded gold contract on the Shanghai Futures Exchange (SHFE) rose 1.45 ...
Reuters reports that Iraq cut its gold holdings by a quarter in November. Data from the International Monetary Fund (IMF) showed that the country’s stocks fell to 29.9 tonnes.
Tags: Iraq, Gold Holdings, Quarter
By John Lee. Iraq made its first major move in years to boost its gold reserves, joining central banks from emerging market economies such as Brazil and Russia in diversifying its foreign reserves. According to a report from the ...
Tags: Iraq, gold reserves, bank, finance