The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coi...
Tag: Bullion
Gold Investors Go On Strike — Lowest Purchases In Almost 2 Decades
SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. Gold … [+] prices hit 544.60 dollars per ounce on January 09, 2006, the highest level since January...
Physical silver drawdowns surge on global bullion exchanges
This is the tale of two markets rolled up messily into one. For starters, the international silver price is not really the price of silver. Surprised? I know I was. To illustrate this point in some de...
The Gold Market’s Great Migration Sends Bullion Rushing East
(Bloomberg) — There’s a global migration underway in the gold market, as western investors dump bullion while Asian buyers take advantage of a tumbling price to snap up cheap jewelry and bars. M...
UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket – Economics Bitcoin News
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low ve...
Gold Flirts With Bear Market After Rate Hikes Batter Bullion
(Bloomberg) — Gold sank to the lowest level since the early days of the pandemic, caught up in a broad selloff after a slew of central banks followed the Federal Reserve in raising interest rate...
Russian Bullion Refineries Suspended from London and American Markets
As there is no sign of calming down of the Russia-Ukraine conflict, Russian businesses are continued facing bans in the west. The London Bullion Market Association (LBMA) and CME Group have now suspen...
Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...