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By Adrian Ash |
May 20, 2013
What use is gold? Besides jewelry, outrageous cutlery, money, microchips and a thin veneer for astronauts' visors, gold once got sizable demand from dentists.
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By Joe Richter, Bloomberg |
May 20, 2013
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
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By Przemyslaw Radomski |
May 17, 2013
There’s significant investment demand for physical gold bullion at the current prices – what does it mean for the market? That it’s going higher in the long run and that the current move down is just a correction. It doesn’t imply that the bottom is already in.
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By Nicholas Larkin, Bloomberg |
May 17, 2013
Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low.
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By Austin Kiddle |
May 17, 2013
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
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By Maria Kolesnikova, Bloomberg |
May 16, 2013
Gold, down 17% since January, is poised to lose 20% in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said.
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By Adrian Ash |
May 16, 2013
Opposing the rise in retail gold demand, says the World Gold Council, "[was] a well-documented decline in gold ETF holdings...which outweighed the [global] growth in bar and coin demand."
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By Mark O'Byrne |
May 16, 2013
Demand for gold bars and coins were up in all markets; 22% year-on-year in China and 52% in India and 43% in the US.
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By Elizabeth Campbell, Bloomberg |
May 13, 2013
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world’s biggest money manager, said it’s still bullish.
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By Mark O'Byrne |
May 8, 2013
India’s Central Bank, The Reserve Bank of India, seeks to restrict bullion imports because of the strain it is putting on their current account deficit. India is the largest importer of gold and more than half of it is used for jewelry.