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Gold News

1 Bitcoin Nearly Costs as a 1 Ounce of Gold, and Unbelievable Surprises

bitcoin-gold

Some persons who worry that money published by authorities will finally verify worthless are large-scale followers of gold. Other skeptics around the so-called “fiat money” (also persons who would favour that authorities not be adept … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel

Gold Refineries in UAE Passes Audits of Supply

DMCC

The three refineries UAE gold, members of the Dubai standard for delivery of goods, passed the first round of audits, which are conducted by third parties in order to ensure compliance with those refineries practical … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel

Gold Bulls Backed Down as Prices Fell to a 4-Month Low

wall_street_bull

(Bloomberg) - Hedge funds increased less bullish on gold for a fourth directly week, the longest stretch since November 2012, as mounting anxiety that the government Reserve will constrain monetary stimulus sent charges to a … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel

Morning: Gold Close to a 5-Month Low on U.S. Stimulus Reduction Fears

gold gains

(Reuters) - Gold traded beside a five-month reduced on Tuesday as strong U.S. financial facts and figures stoked doubts for a fast ending to the Federal Reserve’s monetary incentive and the metal emerged susceptible to … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel

Korea Exchange Aims for Gold Trading as Park Chases Tax Revenue

South Korean Gold Bullion

Korea Exchange Inc. declared physical gold trading would start begin on stride 24 as reserve Geun Hye’s government hunts for to wring tax income out of a market that is overridden by illegal transactions. Trading … Continue reading →

Posted in Gold News, News on December 3, 2013 by Moe Kamel

Gold Price Continues Free-Fall by 2% on Stronger US Manufacturing data

gold gains

(Reuters) – Gold price reached its lowest since early July losing 2% on Monday as U.S. manufacturing data came better than expected. The yellow metal price dropped sharply as the strong economic data from the … Continue reading →

Posted in Gold News, News on December 2, 2013 by Mohamed Hossam

Barrick’s New Chairman Plan to Seek Chinese Deals to Revive the Company’s Glory

Barrick Gold

(Bloomberg) – The current Barrick Gold Corp.’s vice-chairman and the company’s chairman starting December 4, John Thornton, is trying to establish partnerships with Chinese gold mining companies. The current world’s largest gold miner chairman, Munk, … Continue reading →

Posted in Gold News, News on December 2, 2013 by Mohamed Hossam

Gold Price Lose 1.2% on Stimulus Cut Fears

Gold Investment

Gold price fell 1.2% on Monday as investors awaited U.S. data due to be released later in the week that could provide clues on timing of when the Federal Reserve will begin curbing its monetary … Continue reading →

Posted in Gold News, News on December 2, 2013 by Mohamed Hossam

Gold Sales at Perth Mint Declined in November by 23% from October, Higher YoY

Perth-Mint

Australia’s Perth Mint said on its website today that gold sales decreased in November compared to the previous month by 23% and higher by 7% YoY. According to the Perth Mint’s website, sales of gold … Continue reading →

Posted in Gold News, News on December 2, 2013 by Mohamed Hossam

Sberbank Secure 5-years Credit worth $400 Million to Russian Polymetal

Sberbank-Russia

(Reuters) – The Russian gold mining company, Polymetal International, said it agreed with the largest bank in Russia and Eastern Europe, Sberbank, on a 5-years credit facility worth $400 million on Monday. The Russian gold … Continue reading →

Posted in Gold News, News on December 2, 2013 by Mohamed Hossam
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