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Need to stay fully informed about precious metals? You’re in the best place for constantly updated news, features and comment on gold and silver bullion.
Quick links: Global Bullion News | Asian Bullion News | Research and Analysis | Opinion | Perth Mint Bullion News | Perth Mint Bullion Video | Perth Mint Bullion Blog.
Global Bullion News
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May 17, 2013
NEW YORK Gold dropped to a four-week low on Thursday, as renewed liquidation in gold-exchange traded funds and its recent drop below the $1,400-per-ounce level spooked bullion investors, prompting them to favor other assets.
Reuters
http://www.reuters.com/article/2013/05/16/markets-precious-idUSL3N0DX1OE20130516
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May 16, 2013
NEW YORK Gold futures tumbled below $1,400 an ounce, extending the longest slump in almost three months, as the dollar’s rally eroded demand for the metal as an alternative investment. Silver fell to a three-week low.
Bloomberg
http://www.bloomberg.com/news/2013-05-15/gold-advances-as-four-day-retreat-lures-buyers-amid-etp-decline.html
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May 15, 2013
SAN FRANCISCO Gold futures marked their fourth straight session of declines on Tuesday, as strength in the dollar and a rally in U.S. equities lured investors away and pushed prices for the precious metal to their lowest close in nearly three weeks.
MarketWatch
http://www.marketwatch.com/story/gold-prices-advance-as-dollar-pulls-lower-2013-05-14
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May 14, 2013
SAN FRANCISCO Prices for gold settled lower on Monday, as strength in the dollar and worries that the U.S. Federal Reserve will ease back on its easy monetary policy helped fuel a third straight session decline for the precious metal.
MarketWatch
http://www.marketwatch.com/story/gold-prices-dull-as-us-dollar-strengthens-2013-05-13
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May 14, 2013
TORONTO Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
Bloomberg
http://www.bloomberg.com/news/2013-05-13/used-gold-supply-heads-for-08-low-as-sellers-balk-commodities.html
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May 13, 2013
SAN FRANCISCO Gold futures on Friday suffered a weekly loss of nearly 2% as a rally in the U.S. dollar and a continued decline in the gold holdings of exchange-traded funds pushed prices down by more than $30 an ounce for the session.
MarketWatch
http://www.marketwatch.com/story/gold-moves-lower-eating-into-weekly-gain-2013-05-10
Asian Bullion News
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May 14, 2013
NEW DELHI: Gold imports jumped by 138 per cent to USD 7.5 billion in April, the highest so far this year, pushing up the trade deficit to USD 17.7 billion and may worsen the current account deficit this fiscal.
Economic Times
http://economictimes.indiatimes.com/news/economy/foreign-trade/gold-imports-jump-to-7-5-bn-in-april/articleshow/20030391.cms
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May 09, 2013
DELHI Gold imports by India, the world’s largest consumer, are set to exceed 100 metric tons for a second month in May as jewelers rush to beat central bank curbs on overseas bullion purchases by banks, a refiner said.
Bloomberg
http://www.bloomberg.com/news/2013-05-08/gold-imports-by-india-seen-topping-100-tons-for-a-second-month.html
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May 08, 2013
HONG KONG Gold imports by China from Hong Kong more than doubled to an all-time high in March as buyers in the biggest consumer after India boosted purchases, underscoring increased bullion demand in the world’s second-largest economy.
Bloomberg
http://www.bloomberg.com/news/2013-05-07/china-s-gold-purchases-from-hong-kong-expand-to-record-in-march.html
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May 08, 2013
DUBAI Expats in the United Arab Emirates (UAE) are racing to buy up gold after the sharpest drop in prices for 70 years.
The Telegraph
http://www.telegraph.co.uk/finance/personalfinance/expat-money/10036580/Gold-rush-in-the-UAE-as-expats-take-advantage-of-plunging-prices.html
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May 03, 2013
HONG KONG Chinese mothers have beaten Wall Street hedge fund managers in forcing a turnaround in the price of gold after it dropped last month.
South Morning China Post
http://www.scmp.com/business/commodities/article/1228786/gold-short-sellers-lose-chinese-mothers-buying-their-daughters
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May 02, 2013
BANGKOK Despite the biggest two-day falls in 30 years on April 12 and 15, gold still holds bright glitter, according to economists.
The Nation
http://www.nationmultimedia.com/business/Gold-still-solid-investment-despite-recent-price-p-30205236.html
Perth Mint Bullion Video
The Perth Mint Bullion YouTube Channel
Perth Mint Bullion Blog
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You are invited to engage with senior representatives of The Perth Mint, including CEO Ed Harbuz, on The Perth Mint Bullion Blog. Use the comments section to post your views and/or questions in response to our regular articles, and join a vibrant community of people who share an interest in superb quality gold and silver bullion bars and coins.
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Research and Analysis
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May 17, 2013
LONDON Gold has the worst 12-month outlook among commodities and will trade below $1,400 an ounce in a year, according to an investor poll by Credit Suisse Group AG.
Bloomberg
http://www.bloomberg.com/news/2013-05-16/gold-seen-having-worst-12-month-outlook-in-commodities-in-a-poll.html
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May 13, 2013
NEW YORK Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc. (BLK), the world’s biggest money manager, said it’s still bullish.
Bloomberg
http://www.bloomberg.com/news/2013-05-12/gold-bears-pull-20-8-billion-as-blackrock-says-buy-commodities.html
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May 08, 2013
LONDON Coutts & Co. scaled back gold holdings as prices fell through $1,600 an ounce, saying that a return to the peak isn’t likely unless there’s a crisis in the Middle East, a weaker dollar or a jump in inflation.
Bloomberg
http://www.bloomberg.com/news/2013-05-07/gold-s-peak-seen-over-by-coutts-on-outlook-for-dollar-inflation.html
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May 07, 2013
LONDON Gold’s rally from a two-year low may not endure as the metal will probably drop to test a key support at $1,227.20 by the end of the year, according to technical analysis by Commerzbank AG.
Bloomberg
http://www.bloomberg.com/news/2013-05-06/gold-seen-tumbling-toward-support-at-1-227-technical-analysis.html
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May 02, 2013
LONDON Gold coins, jewellery and bars looked like a bargain after prices crashed more than $200 an ounce in two days last month, the steepest two-day plunge in more than 30 years. But retailers say this enthusiasm is faltering.
Reuters
http://www.reuters.com/article/2013/05/01/gold-coins-idUSL6N0DH3WO20130501
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April 29, 2013
NEW YORK Spurred by a sudden drop in prices, Asians in the last two weeks have gone on a gold-buying binge.
Forbes
http://www.forbes.com/sites/gordonchang/2013/04/28/china-goes-gold-crazy-why-now/
Perth Mint Bullion News
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November 07, 2012
Today, The Perth Mint launches its investment website www.perthmintbullion.com into Singapore in the wake of the country’s new tax exemption on bullion products.
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November 07, 2012
PERTH Australia’s specialist precious metals mint, The Perth Mint, has extended its online presence with the Asia-Pacific launch of its gold and silver investment website www.perthmintbullion.com.
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November 05, 2012
PERTH Gold and silver 1oz coins from the Australian Lunar – 2013 Year of the Snake Coin Series are officially sold out at The Perth Mint.
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August 27, 2012
PERTH: Media Release - The Perth Mint has unveiled the highly anticipated 2013 Australian Bullion Coin Program.
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April 02, 2012
PERTH The Perth Mint is from today selling a limited 2012 Australian Koala Privy Mark 1oz silver bullion coin.
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January 03, 2012
PERTH The Perth Mint today released the Australian Koala Silver Bullion Coin Series for 2012. Struck from 99.9% pure silver, these popular investment coins are available in 1 kilo, 10oz, 1oz and 1/2oz sizes.
Opinion
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May 17, 2013
NEW YORK Psychology is hugely important in the gold market, writes Matt Day.
WSJ Moneybeat
http://blogs.wsj.com/moneybeat/2013/05/16/when-gold-falls-out-of-favor-look-out-below/
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May 17, 2013
NEW YORK Investors have beaten down precious metals prices even as economic signals suggest they should be moving up soon. Is this a rare buying opportunity?
MSN Money
http://money.msn.com/investing/why-gold-wont-stay-down
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May 16, 2013
LONDON Looking back at the articles he's written about silver over the years, Dominic Frisby sees one theme that keeps recurring - 'frustrating'.
MoneyWeek
http://www.moneyweek.com/investments/precious-metals-and-gems/other/whats-next-for-the-silver-price-63900
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May 15, 2013
BOSTON When the price of gold plunged $200 last month, many people thought they caught the sound of a bubble popping.
Boston Globe
http://www.bostonglobe.com/business/2013/05/13/has-gold-rush-come-end/KCcmI0OprXHYiB0px6durN/story.html
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May 15, 2013
LONDON Gold bullion has attracted a lot of attention lately from both the bull side and the bear side.
Market Oracle
http://www.marketoracle.co.uk/Article40441.html
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May 14, 2013
LONDON Because most traders are constantly searching for something that can give them an edge, they take on board all kinds of weird and wonderful concepts, so that their charts look like a spaghetti factory floor after an explosion. I like to keep it simple, explains John C Burford.
MoneyWeek
http://www.moneyweek.com/online-trading/spread-betting/sb-blog/is-gold-about-to-rally-63913