Precious Metals articles

TO GO WITH AFP STORY BY HUI MIN NEO
Gold bars are stacked on April 6, 2009 at a plant of gold refiner and producer Argor-Heraeus in Mendrisio, in the southern Swiss canton of Ticino. While the world grapples with the biggest economic crisis since the Great Depression of the 1930s, demand for the firm's watch and jewellery components business has slumped as Swiss and Italian watchmakers trim production. Meanwhile, investors are hoarding gold bars -- an age-old insurance in times of war or calamities -- sending demand for the group's bullion production soaring. To cope with the new balance of demand, Argor is shifting manpower from its semi-finished products division to gold production and is running day and night. With orders for gold bars piling up, delivery times now stretch to two months instead of 10 days.               AFP PHOTO / Sebastian Derungs (Photo credit should read SEBASTIAN DERUNGS/AFP/Getty Images)

Bank of England aids greater transparency across gold market

Bank of England aids greater transparency across gold market

For the very first time the Bank of England is publishing monthly data revealing the amount of gold it holds on behalf of other central banks. As a leading custodian of gold, with one of the largest vaults in the world, the World Gold Council says the Bank of England’s decision is highly significant. A

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TO GO WITH AFP STORY BY HUI MIN NEO
Gold bars are stacked on April 6, 2009 at a plant of gold refiner and producer Argor-Heraeus in Mendrisio, in the southern Swiss canton of Ticino. While the world grapples with the biggest economic crisis since the Great Depression of the 1930s, demand for the firm's watch and jewellery components business has slumped as Swiss and Italian watchmakers trim production. Meanwhile, investors are hoarding gold bars -- an age-old insurance in times of war or calamities -- sending demand for the group's bullion production soaring. To cope with the new balance of demand, Argor is shifting manpower from its semi-finished products division to gold production and is running day and night. With orders for gold bars piling up, delivery times now stretch to two months instead of 10 days.               AFP PHOTO / Sebastian Derungs (Photo credit should read SEBASTIAN DERUNGS/AFP/Getty Images)

Political uncertainty across Europe could prompt renewed interest in gold

A precious metals analyst for Standard Chartered Bank believes rising political uncertainty across Europe could prompt renewed interest in gold. Writing in the World Gold Council’s latest edition Gold Investor, expert Suki Cooper, says unchecked US inflation, Brexit negotiations and the uncertainty surrounding Trump’s international policies could trigger another bout of hedging and safe-haven demand

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Demand for Fairtrade gold grows in the USA and Europe

Cred Jewellery has announced that the demand for Fairtrade gold has grown across Europe and the USA. The biggest development is the opening of the market in the USA where the first commercial shipment of 4Kgs has been made. After meetings in the USA and then visiting the mines in Peru with representatives of the

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Hockley Mint to offer retailers ‘pure’ gold and platinum

Birmingham-based jewellery manufacturer Hockley Mint will now offer retailers the option to have wedding bands made in ‘pure’ gold and platinum. Hockley Mint will be the exclusive UK supplier of a new range of ‘pure’ wedding rings, which are hallmarked at 999, meaning this it is made from a pure metal rather than any sort

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World Gold Council highlights three trends set to dominate Europe this year

The World Gold Council has released its Outlook 2017: Global economic trends and their impact on gold report, highlighting three dominant themes for Europe over the next 12 months. In the report, renowned economic and geopolitical commentator, John Nugée, predicts the following three trends for Europe in 2017: a continuation of tight fiscal and loose

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Annual UK hallmarking results reveal 7.1% decline in 2016

The Birmingham Assay Office has released full-year 2016 hallmarking figures for the UK’s four assay offices, revealing an annual slump of 7.1% compared to 2015’s figures. A total of 9,748, 033 articles were 10,495,355 articles were assayed in the UK in 2016 compared to 10,495,355 in 2015. Platinum was the only metal to be up

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Domino adds exclusive alloy to wedding band offering

Jewellery manufacturer and supplier Domino has announced that from February 2017 all its platinum wedding bands will be created and crafted in a new alloy – ‘platinum gold’. Platinum gold mixes platinum with pure gold, rather than other platinum group metals, to create an alloy that has 97.3% precious metal content. Domino has the exclusive

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Gold ETP holdings down 5% month-on-month

Total holdings in physically-backed gold exchange-traded products (ETPs) stood at 2,240.5t (72.0 moz) at the end of November, down 120.7t from a month earlier. In value terms, total holdings stood at US$84.9bn (£67bn), 12% lower than at the end of October. Holdings succumbed to selling pressure across all geographical regions. Notably, North American and European

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Hallmarking down 4.6% in November as gold takes a hit

Hallmarking figures compiled by Assay Office Birmingham for November 2016 show a decrease in items assayed compared to the same period in 2015.  The number of units hallmarked by the four UK Assay Offices in November 2016 is down by 4.6% compared to last year. Interestingly, the number of items hallmarked was up on all

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