The government revised gold and silver imports for April-November FY25, with the steepest downward revision of $5 billion in the former. Data for November gold imports was revised to $9.84 billion, from the $14.86 billion announced last month, narrowing the trade deficit for the month to $32.8 billion, from the record $37.8 billion estimated earlier. … Read more
Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to … Read more
Gold jewellery demand in India in the third quarter (July-September) of 2022 went up by 17% at 146.2 tonne as compared to 125.1 tonne registered in the year-ago period. The overall gold demand was up 14% in Q3 at 191.7 tonne, when compared with 168 tonne achieved in 2021. But total recycled gold in India … Read more
A Perfect Storm For Gold And Silver In theory, the past week should have been a perfect storm for gold and silver bulls, as the news fed investors a buffet of systemic risks. In one steam tray was China’s “Lehman Moment” with the impending default of the China Evergrande Group (OTC:EGRNF). In another steam tray … Read more
David Hunter, the chief macro strategist at Contrarian Macro Advisors and a 47-year market veteran, says a 75% sell-off is in store for stocks in early 2021 following a final “melt-up.” He predicts an economic bust, and that subsequent responses from central banks would lead to mass inflation. Hunter also says gold will surge to … Read more
Buffett “effectively detoxified gold” when his Berkshire Hathaway conglomerate revealed a $564 million stake in the gold miner in August, the NovaGold chairman said.”He’s made it safe for anyone interested in gold to be looking at the gold narrative,” Kaplan added, according to a transcript on Sentieo, a financial-research site. Read More:Â BlackRock’s investment chief breaks … Read more