Roslan Rahman | AFP | Getty Images Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building … Read more
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, … Read more
An employee handles one kilogram of gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as … Read more
An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand. Dario Pignatelli | Bloomberg | Getty Images The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. “We’ve seen record first quarter … Read more
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Sven Hoppe | Picture Alliance | Getty Images Gold prices have been rallying to record highs, with spot gold notching a new top of $2,449.89 per ounce on Monday. Silver too hit multi-year highs … Read more
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit … Read more
Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Vcg | Visual China Group | Getty Images Gold’s recent rally has sparked a bullion rush, but along with it came a surge in gold scams in China. Thousands of people in China have been duped into forking out money on “fake gold” … Read more
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion. Gold prices notched another record close … Read more
Gold was concealed as air compressor parts Source: Hong Kong Customs and Excise Department In Hong Kong’s largest gold smuggling bust, the city authorities seized an estimated $10.7 million worth of the precious metal that had been concealed as machine parts being shipped to Japan. According to a government statement on Monday, 146 kg of gold had … Read more
Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices rose 0.5% to trade at $2,342 per ounce at around 11:45 a.m. London time, after briefly hitting a fresh record of $2,353 earlier in the session. The yellow metal has repeatedly … Read more
