Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, crucial for Fed decisions; rate cut prospects bolster Gold. Gold prices advanced firmly
August 27, 2024 8:15 AM EDT | Source: Bullion Gold Resources Corporation Montreal, Quebec–(Newsfile Corp. – August 27, 2024) – Bullion Gold Resources Corp. (TSXV: BGD) (“Bullion Gold” or the “Company”) announces new sampling results from its Bodo project. Despite the short work period completed in early summer on this project, the initial results
Gold miner Endeavour Mining said on Tuesday that it will receive $60.0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines. Endeavour said the deal will see Lilium transfer the ownership of the Boungou and Wahgnion mines to the
Gold prices were little changed on Tuesday, but held above the $2,500 per-ounce psychological level on investor optimism for imminent U.S. rate cuts and lingering concerns about the Middle East conflict. Spot gold was nearly unchanged at $2,513.74 per ounce, as of 0722 GMT. Prices have risen more than 21% this year, hitting a record
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 6,766.61 Indian Rupees (INR) per gram, down compared with the INR 6,795.38 it cost on Monday. The price for Gold decreased to INR 78,923.83 per tola from INR 79,259.98 per tola a day earlier. Unit measure
Gold prices surged by ₹331 to ₹72,108 per 10 grams in Monday’s trading session as fresh positions were built by speculators amid strong demand in the spot market. On the Multi Commodity Exchange (MCX), October gold contracts saw a 0.46% rise. This reflects growing interest in the precious metal, with a turnover of 16,860 lots.
As India approaches its vibrant festive season, the focus intensifies on precious metals, particularly gold and silver. These metals have long been intertwined with Indian culture and tradition, especially during significant festivals like Diwali, Dhanteras, and Navratri. The purchase of gold and silver during these times is not merely a financial transaction; it embodies deep-rooted
In his recent interview with David Lin, Rick Rule, a seasoned investment strategist and commodities investor, shared his deep concerns about the Federal Reserve’s ability to manage the delicate balance between supporting economic growth and controlling inflation. He noted that while recent inflation readings have shown some moderation, he remains deeply concerned about the broader
In this presentation, Jeffrey Christian of CPM Group discusses the relationship between central banks and their gold reserves. He reviews the historical context of central banks’ gold accumulation, from the post-World War II era to the present day, and discusses the shifting roles of gold as a monetary asset. Jeff explains why gold, despite losing
August 23, 2024 8:30 PM EDT | Source: Renegade Gold Inc. Vancouver, British Columbia–(Newsfile Corp. – August 23, 2024) – Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) (“Renegade” or the “Company“) announces that it has entered into a Digital Marketing Services Agreement (the “Agreement“) with Winning Media LLC (“Winning Media“), to provide