Commodity Futures Trading Commission (CFTC) …… On Friday, August 5, 2022, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, charging him with spoofing and engaging in a manipulative and deceptive scheme in the gold […]
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By Blanchard and Company, Inc …… In early March, a bill was introduced to the United States Senate in an attempt to restrict Russia from selling its gold. The legislation was a collaborative effort from a bipartisan group of senators. The bill has far-reaching implications because Russia is facing the toughest sanctions ever imposed in […]
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Partnership to build digital gold product on blockchain technology to be available in 2017 The Royal Mint, the world’s leading export mint, and CME Group, the world’s leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold. The Royal Mint, a 1,000-year-old institution owned by […]
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By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces (15.55 […]
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By Everett Millman – Gainesville Coins ……. This year, no central bank or central government has bought gold at a more vigorous pace than the Russian Central Bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces […]
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By Everett Millman – Gainesville Coins ……. Switzerland has long had a reputation—sometimes a dubious one—for being a safe place to stash one’s wealth away from the prying eyes of tax authorities. Right or wrong, the notion of a “Swiss bank account” is synonymous with evading taxation. Now, the ultra-rich seem to have discovered a […]
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When he realized he misplaced a nearly $60,000 coin during dealer set up at the American Numismatic Association’s National Money Show in Portland, Oregon, Brian Hendelson became frantic. Hendelson, owner of Classic Coin Company in Bridgewater, New Jersey, was reunited with it the next morning. The quick, happy ending resulted from the honesty of a […]
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Bill Musgrave – American Gold Exchange With U.S. markets closed for Presidents Day, gold gained 0.3% to $1,231 in electronic trade as talks between EU finance ministers and Greece over its bailout program ended early without an agreement, sparking safe-haven inflows. Aid talks in Brussels broke off abruptly, with Greece calling established EU stipulations “absurd […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold swung between gains and losses today as traders digested news about the Fed’s stance on interest rates. After edging up 0.2% to close near $1,192, the metal briefly surged above $1,200 in electronic trade in response to dovish language in the new policy statement before […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold fell 1.2% to close just under $1,208 as a stronger dollar and weaker oil reduced demand for the metal as an alternative store of value. The dollar firmed against most major rivals after upbeat U.S. manufacturing in November increased speculation that the Fed will amend its forward guidance […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slid 1.4% to close just over $1,190 after a surprisingly strong jobs report triggered speculation that the Fed may raise interest rates sooner than expected. Despite the pullback, gold finished the week 1.3% higher. U.S. nonfarm payrolls added 321,000 jobs in November, the most in […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 3.6% to close just under $1,220, a five-week high, on safe-haven demand after China’s economy slowed further and Japan suffered a sovereign debt downgrade. In addition, India ended some restrictions on gold imports, opening the door to higher demand in the world’s second-biggest gold-buying nation. Last […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold edged up 0.1% to close above $1,197 as soft U.S. economic data weighed on the dollar and boosted the metal’s appeal as an alternative store of value. Consumer confidence fell unexpectedly in November, with Americans feeling less optimistic about job prospects and business conditions heading into […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained 0.6% to close just under $1,198 after a surprise rate cut by the People’s Bank of China and new asset purchases by the European Central Bank stoked demand for hedges against currency devaluation. China reduced interest rates for the first time in more two years […]
The post Precious Metals Market Report: Gold gains 0.6% on PBOC, ECB easing – November 21, 2014 appeared first on CoinWeek.
Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold dipped 0.2% in choppy trade to close just under $1,191 as traders digested mixed U.S. and global economic data. The metal initially rose above $1,195 in early trade after manufacturing surveys in three of world’s four largest economies signaled slowdowns in November. Markit reported that China’s […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dipped 0.2% to close at $1,183.50, holding on to most of Friday’s 2.1% surge, as a rebound in the dollar reduced demand for alternative stores of value. The dollar rose near a five-year high against a basket of major rivals after Mario Draghi said the ECB […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 2.1% to close at a six-week high above $1,185 on speculation that OPEC may cut production, boosting demand for the metal as a hedge against higher oil prices. Gold initially dropped in early trade after reports that U. S. consumer sentiment hit a seven-year high last […]
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By Charles Morgan and Hubert Walker for CoinWeek…. The news exists–or should exist–to produce an informed populace, under the assumption that a populace needs to be informed in order to make beneficial decisions for society and state. But sometimes what comes across the wire is so horrific, so brutal, so tasteless–so against the grain of […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained for the second in three sessions, edging up 0.2% to close at $1,161.50, as higher jobless claims pressured the dollar and boosted demand for alternative stores of value. Initial claims for unemployment benefits rose by 12,000 last week, the most in two months, as layoffs […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 0.3% to close under 1,160 as an uptick in the dollar diminished demand for alternative store of value. The ICE Dollar Index rebounded by 0.3%, helped by a tumbling British pound after the Bank of England lowered its quarterly inflation forecast, pushing the prospect […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.9%, closing just under $1,160 as the dollar rebounded from Friday’s losses and global equities traded higher, eroding demand for alternative assets. The dollar recovered losses on Friday, when U.S. non-farm payrolls reported fewer jobs created in October than forecast. The disappointing employment data led […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.2% to close at $1,142.60, posting its seventh straight down session as the dollar extended its rally after the ECB announced deeper monetary stimulus in the Eurozone. Following a meeting of the ECB’s governing council, Mario Draghi said the central bank will boost asset purchases […]
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