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The Lao Bullion Bank has officially opened, offering gold-based financial services in Laos, according to the bank.
TORONTO: Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not Barrick Gold Corp.
Thailand's baht slipped on Monday as a weakness in gold prices offset a rally in developing currencies due to a slip in the dollar, while Singapore's currency pared gains after its inflation numbers pointed towards room for policy easing.
Laos plans to establish the Lao Bullion Bank to build gold reserves, enhance financial stability, and strengthen the Lao Kip.
GOLD rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes.
Indonesia has boosted its push toward downstreaming the mining sector with the opening of PT Freeport Indonesia's (PTFI) new precious metal refinery, but analysts suggest more needs to be done to maximise the benefits and secure the industry's ecosystem.
Gold prices eased on Friday weighed by a stronger U.S. dollar, although the Federal Reserve's rate cut cues for the year and safe-haven demand amid geopolitical and economic uncertainties set the bullion on track for a third straight weekly gain.
GOLD reached an all-time high on Friday, driven by uncertainty over U.S. tariffs, trade tensions and growing expectations of monetary policy easing by the Federal Reserve.
Gold hit a record high on Friday as fresh tariff plans from U.S. President Donald Trump fuelled fears the global trade war will intensify further, prompting investors to seek refuge in the safe-haven precious metal.
NEW YORK: Asian shares dropped Friday (March 28), mirroring US equities, as concerns about the upcoming 'reciprocal tariffs' and a widening trade war overshadowed data showing the US economy grew faster than estimated.
Gold Road Resources Ltd is rejecting a private takeover offer from Gold Fields Ltd that values the Australian miner at A$3.3bil, with the South African company publicly announcing the proposal on Monday in a bid to win over shareholders.
JAKARTA: Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.
JAKARTA (Bloomberg): Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.
LONDON (Reuters) -Two gold industry associations are working with miners, refiners, traders and shippers to create a database of gold bars in an effort to prevent trade in counterfeit metal and allow buyers of bullion to trace its origin, they said on Monday.
GOLD held steady on Friday, and was on track for a weekly rise as uncertainty around U.S. President Donald Trump's tariff plans firmed demand, while investors awaited U.S. non-farm payrolls data due later in the day.
Singapore: Gold has surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group Inc saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high.
Gold is all the rage now. The rush for physical gold is leading to shortages. It is also bringing back an old discussion – how much gold do central banks keep, why do they keep it and where do they keep it?
GOLD prices rose to hit a record high on Wednesday, as tensions in the Middle East and trade uncertainties lifted the bullion's safe-haven appeal, while traders awaited the Federal Reserve's decision due later in the day.
MUMBAI, Aug. 24 (Xinhua) -- India's largest exchange in the commodity derivatives segment has launched the country's first real-time bullion index called MCX iCOMDEX Bullion, a statement said on Monday.
MELBOURNE: Australia's Ramelius Resources will take over smaller peer Spartan Resources, valuing the miner at A$2.4bil (US$1.5bil) on a debt-free basis, as rising bullion prices drive a wave of consolidation in the sector.
