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  2. Gold set for brightest year since 2010 on rate cuts, safe ...

    www.aol.com/news/gold-track-best-over-decade...

    Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal's ...

  3. List of countries by gold production - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_gold...

    In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US , for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production.

  4. London gold market queues up to borrow central bank gold ...

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    The size of so-called Loco London free float, the amount of gold readily available to the London OTC market stored in London, has fallen after the jump in supplies to New York.

  5. Gold fixing - Wikipedia

    en.wikipedia.org/wiki/Gold_fixing

    The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane. In 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt, requiring US citizens to turn in their gold for $20.67 per ounce. Afterwards, the ...

  6. Smithsonian Agreement - Wikipedia

    en.wikipedia.org/wiki/Smithsonian_Agreement

    The Smithsonian Agreement was created when the Group of Ten (G-10) states (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom, and the United States) raised the price of gold to 38 dollars, an 8.5% increase over the previous price at which the US government had promised to redeem dollars for gold. In ...

  7. Investors should 'go for gold' as Fed rate cut looms, Goldman ...

    www.aol.com/finance/investors-gold-fed-rate-cut...

    On Tuesday, gold futures hovered above $2,515 per ounce. The precious metal is off its all-time high touched last month but still up nearly 22% year to date, making it the world's second-best ...

  8. Gold reserve - Wikipedia

    en.wikipedia.org/wiki/Gold_reserve

    The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019 [1] but other independent estimates vary by as much as 20%. [2] At a price of US$1,250 per troy ounce ($40 per gram ) reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million.

  9. United States Bullion Depository - Wikipedia

    en.wikipedia.org/wiki/United_States_Bullion...

    The first wave of gold shipments was made semi-weekly between January 11 and June 17, 1937, and overseen by the United States Post Office Department. [7] [8] The gold was transported from the New York Assay Office and the Philadelphia Mint onto trains using postal trucks and municipal police escorts. [8]

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