Which countries have the biggest gold reserves? Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below the 2018 net purchases of 656.2 tons. According to the World Gold Council, […]
Buffett’s move into gold has opened the door for fund managers to follow suit. Except, instead of playing in a hundred trillion dollar equity market, they are dealing with barely over $1 trillion in investable gold. Look out above.
U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon.
Gold prices edged higher on Monday as the US dollar weakened, although record-high equities capped bullion’s gains and set it for its first monthly decline since March.
Spot gold advanced 0.4% to $1,971.90 per ounce by 12:10 p.m. EDT after touching a two-week high of $1,976.05 earlier in the session. US gold futures inched up 0.2% to $1,980.20 per ounce on the Comex in New York.
For the month of August, the precious metal was down 0.2% despite rallying to an all-time high of $2,072.90 during the earlier part of the period.