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Gold and Silver Bullion coins and bars investment - news, charts, prices, facts and figures

Gold recovers from sub-$1,200 dip as dollar hits 11-yr high

The gold price recovered from a temporary dip below $1,200 on Wednesday afternoon after the dollar hit 11-year highs against the euro, putting the metal under heavy downside pressure.

 

Could China actually have 30,000 tonnes of gold in reserves?

My attention has just been drawn to a note put out by a very well respected analyst and China follower which postulates that China could actually be holding as much as 30,000 tonnes of gold in various government accounts and that within the next three years the nation will link the yuan to gold.

Bullion Price Movement

Spot Prices as of close of trading in New York

Wednesday, March 04, 2015

 

Gold & silver investing strong – sellers vanish

GOLD INVESTING sentiment jumped in February, writes Adrian Ash at BullionVault, surging from a half-decade low to the strongest level since Spring 2013.
 
That's according to our new Gold Investor Index today. It tracks the number of buyers vs. sellers on BullionVault, the low-cost gold and silver market online. Used by 55,000 people worldwide, it saw $1.2 billion of metal (£740m, €920m) exchanged in 2014.