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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 24, 2013
NEW YORK Gold rose sharply on Thursday as investors sought its safe-haven status after the dollar and equity markets were hit by a slew of weak manufacturing data that indicated stagnant global economic growth.
Reuters
http://www.reuters.com/article/2013/05/23/markets-precious-idUSL3N0E420020130523
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May 23, 2013
NEW YORK Gold turned sharply lower on Wednesday, as investors weighed U.S. Federal Reserve Chairman Ben Bernanke's congressional testimony warning of risks to holding interest rates too low for too long and opened the possibility of reducing bond purchases.
Reuters
http://in.reuters.com/article/2013/05/22/markets-gold-idINDEE94L0EZ20130522
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May 22, 2013
SAN FRANCISCO Gold futures finished lower on Tuesday, pressured by a firmer dollar as investors looked for more cues from the U.S. Federal Reserve on the timing of a pullback in the central bank’s stimulus policy.
MarketWatch
http://www.marketwatch.com/story/gold-prices-rise-following-up-on-key-reversal-2013-05-21
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May 22, 2013
LONDON At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply.
Bloomberg
http://www.businessweek.com/news/2013-05-21/platinum-buying-quickens-as-gold-allure-diminishes-commodities
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May 20, 2013
NEW YORK Gold futures slumped on Friday for a seventh consecutive session, as the dollar index jumped to nearly three-year highs and U.S. data raised optimism about the economic recovery.
MarketWatch
http://www.marketwatch.com/story/gold-heads-for-seventh-straight-loss-2013-05-17
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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
Asian Bullion News
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May 22, 2013
BANGKOK The decline in the global gold price will be only temporary and will rebound on speculation that Italy and other countries in Europe may have to sell gold reserves for debt repayment, the head of the NESDB said on Tuesday.
Bangkok Post
http://www.bangkokpost.com/business/news/351162/gold-price-will-hold-above-1000-nesdb-chief
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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
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 24, 2013
LONDON Gold traders are the most bullish in a month after Federal Reserve Chairman Ben S. Bernanke signaled record stimulus will continue until the economy improves.
Bloomberg
http://www.businessweek.com/news/2013-05-23/gold-traders-most-bullish-in-a-month-after-bernanke-commodities
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May 24, 2013
NEW YORK Hedge funds are making the biggest bet ever against gold prices, signaling continued volatility for the metal after prices entered a bear market last month.
Bloomberg
http://www.bloomberg.com/news/2013-05-22/record-gold-shorts-signal-further-price-swings-chart-of-the-day.html
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May 22, 2013
NEW YORK That brief rise for gold and silver on Monday didn't last too long. Any hope at all for gold? Maybe.
MarketWatch
http://blogs.marketwatch.com/thetell/2013/05/21/theres-hope-in-thar-gold-charts-maybe/
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May 22, 2013
SYDNEY t a time when international central banks are printing money in massive amounts and governments, Australia included, are borrowing heavily, one could expect to see gold in demand as investors fear currency debasement. But the opposite has happened.
Sydney Morning Herald
http://www.smh.com.au/money/investing/has-gold-more-shimmer-to-shed-20130521-2jxec.html
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May 20, 2013
NEW YORK Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
Bloomberg
http://www.bloomberg.com/news/2013-05-19/gold-bear-bets-reach-record-as-soros-cuts-holdings-commodities.html
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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
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 24, 2013
NEW YORK Are there any good arguments for gold? A few, says John Waggoner.
USA Today
http://www.usatoday.com/story/money/columnist/waggoner/2013/05/23/gold-investing-waggoner/2355939/
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May 23, 2013
TORONTO According to Sunil Kashyap, MD of Scotia Mocat, silver is driven right now by gold. Therefore it is reflecting the weakness seen in the yellow metal.
Moneycontrol
http://www.moneycontrol.com/news/commodities/see-good-support-for-silver-at-3620-205oz-expert_878006.html
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May 23, 2013
NEW YORK When Fed Chairman Ben Bernanke speaks, markets move, as evidenced by this morning’s big jump in the stock market after Gentle Ben went dovish in his Congressional testimony. But the more interesting move this morning may have been in the gold market.
WSJ Marketbeat
http://blogs.wsj.com/moneybeat/2013/05/22/a-bottom-for-gold-maybe-possibly/
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May 23, 2013
SACRAMENTO At a time when gold is in a bear market amid record outflows from investor holdings, bullion remains relevant in portfolios as inflation may accelerate, the U.S. dollar weaken and global economic growth stall, according to Franklin Templeton Investments.
Bloomberg
http://www.businessweek.com/news/2013-05-22/gold-is-still-relevant-as-insurance-policy-franklin-s-land-says
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May 22, 2013
WESTPORT "I think a lot of foolish people are selling; a lot of speculators are selling—people who think the U.S. economy is recovering, and who think the Fed has got it right. So they’re being suckered into selling their gold, and buying U.S. stocks instead, I suppose."
Index Universe
http://www.indexuniverse.com/hot-topics/18764-schiff-gold-fools-shouldnt-be-selling.html?fullart=1&start=3
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May 20, 2013
SYDNEY So says Ric Deverell, head of commodities research at Credit Suisse Group AG.
Ninemsn
http://finance.ninemsn.com.au/newsbusiness/motley/8660342/gold-is-going-to-get-crushed