gold

Gold, silver, rallies after worse year for precious metals

Despite recording huge losses in 2013, gold and silver investments are seen increasing, and analysts attributed these to the improving major economies, including the US.

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Gold set to incur its biggest yearly loss in 30 years - report

A report on Arabian Business read that gold will be recording its lowest annual plunge since three decades ago due to combined pressure from the monetary stimulus easing of the US Federal Reserve.

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Gold rises in third consecutive day as investors await Fed stimulus taper decision

As investors await for the decision of the US Federal Reserve to the timeline when it will begin with its tapering of its monthly bond purchases, prices of gold and other minerals saw increases in the financial markets.

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Gold loses its shine as funds predict 31% drop this year

Dara compiled by Bloomberg indicated that investors are exiting from their gold-backed exchange-traded products this year. $69.5 billion in value was removed in the ETPs and analysts expect an additional 311 tons will be removed from the ETPs next year.

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Bets by hedge funds are bullish since 2007 - report

Recent data by the US Commodity Futures Trading Commission indicated that hedge funds are the least bullish about their bets in gold despite strong US economic data.

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Is Bitcoin the new gold?

Although Bitcoin and gold are driven by the same demand for alternative currencies, one fared better than the other. Wall Street Journal said investors are rushing to invest in Bitcoin as gold loses its appeal.

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Paulson will not increase his gold bet - source

Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.

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India Infoline Finance planning to expand its network

The network branches of India Infoline Finance had been set to expand its clientele and service offerings.

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India won't convert idle gold to bullion- central bank

The Federal Reserve Bank of India said that it would not convert idle gold into bullion.

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Chile court gives latest suspension on Barrick’s gold mine operation

Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.

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Paulson's gold fund falls 65% through June

Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.

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Evy Hambro of BlackRock Inc shares insight on gold

Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.

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Gold trades low due to boost in outlook

Global trades on bullion fell as the United States' credit outlook gets boosted by Standard & Poor's.

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Rio Tinto Extends Funding to Project

Rio extends budget after impasse with Mongolian government over mining project.

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Medgold acquires a third gold exploration licence in Tuscany

European Medgold acquired the Grasceta gold exploration licence, located in southern Tuscany

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