Precious Metals articles

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

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

UK hallmarking suffers 7.1% decline for 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

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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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Jewellery businesses urged to adapt to millennial tastes in face of rising gold price

Adapting to the tastes of millennials could be key to retail success when it comes to gold, according to the World Gold Council. This comes following the group’s report which showed the largest fall in gold demand in two years and many millennials finding gold jewellery to be unaffordable. Speaking to Professional Jeweller, Alistair Hewitt,

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Gold demand likely to recover in Q4, expert reveals

A recovery in gold demand is likely despite the largest decline in two years, according to the World Gold Council.  Overall gold demand dropped 10% on last year according to a recent report released by the group showing demand trends for Q3. Total consumer demand fell 26% on last year as gold jewellery demand was

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Hallmarking suffers 17% dip in October 2016

Hallmarking figures compiled by Assay Office Birmingham for October 2016 show a decrease in items assayed across gold, silver, palladium and platinum compared to the same period in 2015.  The number of units hallmarked by the four UK Assay Offices in October 2016 is down by 17.1% compared to last year. The amount of articles

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Gold price spikes and dollar weakens as Trump claims presidential victory

The gold price spiked and the dollar weakened in the hours following Donald Trump’s unexpected victory in the US presidential race. The net result of the opposite directions was that gold will cost roughly the same today as it did yesterday for British buyers. The price of gold soared by the most since the Brexit

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Jewellery remains subdued in the face of persistently high gold prices

The World Gold Council (WGC) has released its Q3 Gold Demand Trends for 2016, highlighting a 21% year-on-year fall in gold jewellery demand to 493.1t. According to the report this is the largest decline since Q2 2014 and the lowest third quarter for jewellery demand since 2011 – a time when average gold prices were

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