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According to the World Gold Council, central banks purchased a record 483 tons of gold in the first half of the year. Central banks from Turkey, India, and China topped the list of the biggest buyers.
As we head further into a new year, gold is experiencing renewed interest and a strong price, with its performance being driven, in part, by investors wary of persistent inflation.In December, the ...
"There is a chance that the gold price does not fall significantly enough for retail investors to get in under $2,000 and instead continue to break all-time highs," says Ben Nadelstein, head of ...
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. [3]
Gold repatriation refers to plans of various governments to bring home their gold stored outside the home country. Many nations use foreign vaults for safe-keeping of part of their gold reserves . In 2014, there was a movement by some European states to return gold stored abroad back to the owner country.
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 ...
Gold attracts various forms of fraudulent activity. Some of the most common are: Cash for gold – With the rise in the value of gold due to the financial crisis of 2007–2010, there has been a surge in companies that will buy personal gold in exchange for cash, or sell investments in gold bullion and coins.
This means when demand surges, there isn't a flood of new supply to drive prices back down — helping maintain gold's value. Get started with gold here now . Gold demand factors to watch for