Browsing: Gold

Spot gold was flat at $2,003.95 per ounce, as of 0222 GMT, but has lost nearly 1% for the week so far

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said

Households have been snapping up bullion despite record prices

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said

Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.

LONDON: Gold prices were poised for their biggest weekly gain in nine weeks on Friday as the dollar and Treasury yields retreated, while traders awaited key US jobs data due later in the day for clues on when the Federal Reserve could start rate cuts, according to Reuters.

Overall consumption in Middle East during the full year also dropped by 9%

The partnership allows AMAN customers to purchase gold in installment through the company’s app, with payments made electronically or at one of AMAN’s 150,000 points of sale nationwide

Mali is one of Africa’s top gold producers and home to industrial mines operated by international companies including Barrick Gold, B2Gold Corp, Resolute Mining and Hummingbird Resources

Gold prices are expected to rally further in 2024 as lingering uncertainty about the prospects for the global economy spurs safe-haven demand for the metal, Reuters reported this week, citing industry experts.