SINGAPORE, June 11 (Reuters) - (This June 10 story has been officially corrected to fix the source's quote to remove reference to the timeline from the government on imports in paragraph 4, and also to change the figure to 33 tonnes, from 33 million tonnes, in paragraph 9)
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SINGAPORE, June 12 (Reuters) - Gold's lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks just out of reach, traders and industry experts said.
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SINGAPORE, June 12 (Reuters) - Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty.
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China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week.
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Source: www.takungpao.com.hk
Source: www.commodityworld.com
Dubai: Gold's taking aim at $1,300 an ounce. The metal has rallied to the highest level since November as investors position themselves for the outcome of the UK election and potential drama of former FBI Director James Comey's testimony, while also tracking tensions in the Middle East.
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Source: www.gulfnews.com
Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on US employment and wages, according to two analysts attending a conference in Singapore this week.
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Source: www.economictimes.indiatimes.com
Singapore: Gold prices are making a run toward $1,300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the UK election and potential drama of former FBI director James Comey's testimony, while also tracking tensions in the Middle East.
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Source: www.livemint.com
GOLD PRICES jumped to new 7-week highs at $1291 per ounce on Tuesday, again testing the 6-year downtrend line in place since the metal's 2011 record highs as Western stock markets fell with longer-term interest rates.
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Source: www.bullionvault.com
China, the world's biggest gold market, may boost imports through Hong Kong by about half this year as local investors seek to protect their wealth from currency risks, a slowing property market and volatile stocks, according to the Chinese Gold & Silver Exchange Society.
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Source: www.bloomberg.com
There is no timeline on when the pre-morning gold auction price will be launched, but the Singapore Bullion Market Assn (SBMA) is still interested in launching it given the interest in a gold price benchmark in Asia, SBMA executive director Hawk Namiki told Metal Bulletin. An additional gold auction to set a pre-morning price was mooted late last year by the London Bullion Market Assn (LBMA) but when such a price could be launched remains elusive.
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Source: Vivian Teovivian.teo@metalbulletin.com
Source: www.businesstimes.com.sg
Gold may possibly lengthen its recent gains after ascending to its uppermost height in six weeks subsequent to the unsatisfactory monthly information on U.S. employment and wages, on the words of two analysts appearing on a symposium this week in Singapore.
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Source: www.fsmnews.com
Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on U.S. employment and wages, according to two analysts attending a conference in Singapore this week.
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Source: www.bloomberg.com
Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on U.S. employment and wages, according to two analysts attending a conference in Singapore this week.
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Source: www.newsmax.com
Source: www.gulfnews.com
Source: www.gulfnews.com
Liquidity and originality are two of the most important factors in making a viable and sustainable exchange-traded gold contract, participants at the Asia Pacific Precious Metals Conference in Singapore said on Monday June 5."For any exchange contract to work, there must be core liquidity," Alex Shaw, head of market development - precious metals at the London Metal Exchange, said.
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Source: By Vivian Teovivian.teo@metalbulletin.com
The proposed gold futures contract by the Australia Securities Exchange (ASX) is facing a "slight delay" but a launch could still happen this year, if not in the next few months, ASX product manager for energy and commodities Waqar Chaudry said.
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Source: By Vivian Teovivian.teo@metalbulletin.com
Gold prices have ignored the turbulence afflicting markets at present but a more pronounced impact might be expected should the instability escalate, John Reade, chief market strategist at the World Gold Council, said.
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Source: Vivian Teovivian.teo@metalbulletin.com