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Gold clings above 4-month low on euro, but eyes 3rd weekly drop

Gold held above a four-month low on Friday, spurred by a firmer euro on signs of progress in debt-hit Greece’s efforts to secure fresh funding. But bullion is still down so far for the week, its third in a row,

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GOLD DEPOSIT SCHEME – WILL IT WORK THIS TIME?

The Government of India have brought out once again a Draft on the proposed Gold Deposit Scheme with the intention of monetising the idle househeld gold in the country, estimated variously between 18000 and 25000 tons. Before any comments are

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Ghana Needs Finance to Increase the Gold Production

George Abradu-Otoo, Managing Director, PMMC, emphasized on need of investment in gold mining sector in Ghana to increase the production while talking to Bullion Bulletin during DPMC 2015. Excerpts… Ghana is now the largest producer of gold in West Africa,

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Gold Prices will Strengthen in the Second Half of the Year

Frederic Panizzutti, CEO, MKS Precious Metals DMCC, was optimistic about high gold price in the second half of the year. He also opined that $1100 will act as strong base for next 8 to 10 years while giving an interview

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Tajikistan’s gold and foreign exchange reserves increase by 3% in H1 2014

Tajikistan’s gold and foreign exchange reserves increased by 3% in the first half of the year, and amounted to $1.15 billion, according to the National Bank’s Chairman, Abdudzhabor Shirinov. “We intend to increase the amount of gold and foreign reserves

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London gold market closer to reforms

London’s gold market moved a step closer to reform of a century-old method of setting the price of gold, authorities said yesterday. London Gold Market Fixing Limited — comprising four banks that set the gold fix twice per day —

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