gold-market
TradingGerman Exports to UK Surge Amid Gold Rally, Leaving U.S. Behind
InvestingRising Investor Gold Demand Offsets Lower Jewellery Buying in Q3, Says Industry Body
Top StoriesGold’s Allure Spreads as Bulls Lock in on Fresh Records
Top StoriesGold Marches Higher as US Jobs Data Boosts Bets of Early Rate Cut
Analysis-Russian Gold Removed From Some Western Funds After Ukraine
Date: December 21, 2022
By Peter Hobson LONDON (Reuters) – Hidden inside high-security bank vaults in London, Zurich and New York, billions of dollars’ worth of gold of Russian origin has quietly changed hands in recent months in response to Moscow’s invasion of Ukraine. Data from 11 Western investment funds show that Russian bullion worth a total of $2.2...
Russian Gold Miner Polymetal’s Q3 Revenue Down 13% Y/y
Date: November 2, 2022
MOSCOW (Reuters) -Polymetal’s third-quarter revenue fell by 13% year on year to $714 million due to accumulated inventory and lower metal prices, the Russian gold and silver producer said on Wednesday. Polymetal has not been directly targeted by Western sanctions imposed on Moscow after it sent thousands of troops into Ukraine on Feb. 24. But...
Swiss Gold Exports to China Slow but Shipments to Turkey Surge
Date: September 20, 2022
LONDON (Reuters) – Swiss exports of gold to China fell in August from July’s 5-1/2-year high, while shipments to Turkey rose to their highest since June 2013, Swiss customs data showed on Tuesday. Falling gold prices in recent months have seen metal flow from commercial vaults in the United States and Britain to countries in...
Swiss Gold Exports to China Surge to 5-1/2-year High
Date: August 18, 2022
LONDON (Reuters) – Swiss exports of gold to China in July rose to their highest since December 2016, Swiss customs data showed on Thursday, as demand in the world’s largest bullion market improved. Switzerland shipped 80.1 tonnes of gold worth 4.4 billion Swiss francs ($4.6 billion) to mainland China, up from 32.5 tonnes in June...
Gold Investors Face Bind Over Bars From Tarnished Russia
Date: August 1, 2022
By Peter Hobson LONDON (Reuters) – Some investors want Russian gold off their books but it’s not that easy to remove. A de facto ban on Russian bullion minted after Moscow’s invasion of Ukraine — instigated by the London market in early March — does not apply to hundreds of tonnes of gold that has...
Swiss Gold Imports From Russia Fall in June
Date: July 19, 2022
ZURICH (Reuters) -Switzerland imported 284 kg of gold worth around $16 million from Russia in June, customs data showed on Tuesday, down from more than 3 tonnes worth some $200 million in May. The shipments have raised questions about whether Swiss firms may be helping finance Moscow’s invasion of Ukraine — something Switzerland’s major refineries...