5 / 13 Relevant items tagged with #GOLD

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UBS Recommends Buying Gold Dips Amid Economic Uncertainty

[Jun 11 8:41 PM] The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to…

Gold Production Struggles Despite 2024 Q1 Surge

[Jun 10 9:31 PM] The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine…

Central Banks Boost Gold Reserves by 33 Tonnes in April

[Jun 7 9:25 PM] Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central…

Gold Rush: Long Lines to Purchase Bullion in Vietnam

[Jun 6 7:45 AM] Local reports indicate that lines of several dozen people are waiting to purchase gold bullion from various state-owned banks in Vietnam, primarily in Hanoi and Ho Chi Minh. The interest in buying the precious metal at this time seems to be driven…

India Repatriates 100 Tonnes of Gold From UK, Aims to Move More

[Jun 3 7:36 PM] According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be…

Gold Prices Break Record Highs, Silver Also Rallies

[May 20 1:29 AM] Gold has continued rising in financial markets, hitting new all-time high (ATH) prices against the U.S. dollar. The precious metal’s price rose to levels close to $2,450 per ounce this Monday, fueled by geopolitical tensions and the…