Category: Gold

Gold Rout as Investors Await Higher Interest Rates


Gold prices plummeted first in Asia and worsened later in trading in America on Monday as investor demand for the commodity evaporated.

The commodity’s price fell over 3% from last week’s levels on Monday, with many analysts predicting lower levels in the future. One investment bank released a note saying there are few reasons for investors to hold the metal, and that it remained overvalued relative to other commodities. Silver also fell in sympathy, although not as steep as gold.

Gold is on the Move Between Nations, but with Little Price Reaction


The price of gold is essentially unchanged from where it finished last year.  There have been several interesting developments.  Of particular note, China, India and Russia were significant buyers last month. 

It appears that the UK exported gold to Switzerland, where it was refined and then shipped to China and India.  Russia continues to accumulate gold even as its hard currency reserves fall.

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Categorized as Gold