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Tag Archives: gold

Chinese Gold Rush In Hong Kong (video)

Honk KOng gold rush

Chinese Gold Rush In Hong Kong – After Prices Slump China’s Consumption of Gold and Acquisition of Gold Mining Stocks Continues   GoldandSilverNow Read More »

Hong Kong’s gold rush (video)

TOPSHOTS-HONG KONG-GOLD-COMMODITIES

Investors in the West might be losing interest in gold as a safe haven for their money, but physical demand for gold remains strong in Asia, where consumers with money to spend have seen recent price drops as a buying opportunity   FT photo credit: MIKE CLARKE/AFP/Getty Images Read More »

Gold Gains, Crude Slips : Trading Strategies by Experts (video)

Gold Gains, Crude Slips : Trading Strategies by Experts Read More »

Gold prices firm on Asia buying

gold asia

Gold firmed on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust US economic data dented bullion’s safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. “The broad theme might be ... Read More »

Chinese gold imports nearly doubled in 2012. New gold ETF sets up blow-out 2013

China gold

Gold imports into China rose to an all time high last year according to a Bloomberg report. Driven by rising incomes, imports rose from 431.2 tonnes to a 834.5 tonnes according to data from the Census and Statistics Department of the Hong Kong government. Imports in December alone were 114,405 kilograms, a monthly record. Demand is expected to be boosted ... Read More »

Singapore To Be The Asian Bullion Hub With Tax Free Gold And Silver

Gold bars are seen at a jewellery store in Hong Kong

Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no ... Read More »

Gold inches up on weak dollar with eyes on ECB

gold credit suisse

* ECB to launch second 3-year financing operation on Wed * Gold-silver ratio drops to four-month low * Spot gold may rise to $1,797/oz -technicals * Coming up: U.S. consumer confidence, Feb; 1500 GMT SINGAPORE, Feb 28 (Reuters) - Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central ... Read More »

India corporate houses, SMEs flock to gold ETFs for better returns

gold

MUMBAI: India’s purchase of paper gold doubled last year as corporates and SMEs, seeking a safe haven for their investments, invested heavily in gold exchange-traded funds (ETFs), a traditional favourite of wealthy individuals and households. Companies now account for nearly 50% of all ETF purchases in the country and SMEs, too have climbed on to the bullion bandwagon. “The gold ... Read More »

Singapore seeks gold hub status with tax-free bullion

singapore merlion 1g gold bars

* Singapore to scrap GST on gold, aims to become bullion hub * Change in tax treatment takes into effect in October * Singapore wants to be pricing hub for gold By Lewa Pardomuan and Luke Pachymuthu SINGAPORE, Feb 20 (Reuters) – Singapore is seeking to lure bullion refiners by scrapping taxes on gold, a move which could also attract trading houses ... Read More »

China to surpass India as top gold consumer

China gold

China is set to surpass India as the world’s top gold consumer this year, the World Gold Council (WGC) predicted. The demand for gold in China, the world’s largest producer, rose by 20% to 769.8 tonnes last year, driven by surging demand for jewelry and investment, while consumption in India, the world’s largest consumer, tumbled 7% to 933.4 tonnes as a result ... Read More »