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Gold is Becoming Harder to Find, Says World Gold Council

Gold, the most precious metal, is becoming increasingly harder to find, putting in danger the growth of the gold mining industry, according to the World Gold Council (WGC). Speaking with CNBC, WGC’s Chief Market Strategist John Reade said that the miners are struggling to discover...

European Stocks Rises as Gold Hits Fresh Record

European stocks rose on Friday and Asian markets stuttered, with gold and oil advancing. This comes as tensions in the Middle East heighten and U.S. inflation data awaits, thereby contributing to widespread market uncertainty. Futures on the Euro Stoxx 50 rose 0.7%, while in the...

Stocks Sink Lower, Gold Surges Amid China Industrial Downturn

Global stocks edged lower on Monday and gold surged to a six-month high as data showed a sharp decline in China's industrial profits. With China's PMI numbers expected on Thursday, markets are anxiously waiting to see if the world's second-largest economy is on course...

Price of Gold Rises to Four-Week High

The price of gold hit its highest level in four weeks as the ongoing Middle East conflict continues to intensify. Spot gold rose by 1.1% to $1,943.57 an ounce on Wednesday morning while the Bloomberg Dollar Spot Index remained relatively unchanged. Silver, platinum, and...

Gold Falls to Two-Month Low as Debt Ceiling Talks Progress

Progress in the U.S. debt ceiling talks saw stock equities rise while gold fell to a two-month low. Renewed optimism surrounding the debt talks saw a reduced number of investors turn to safe havens such as gold in an effort to protect themselves against...

Cut Stocks, Hold Onto Cash, JPMorgan Strategist Advises

JPMorgan Chase & Co.’s Marko Kolanovic advised clients to consider selling off some shares while retaining their cash. This comes as the team of JPMorgan strategists led by Kolanovic reduced their stocks and corporate bonds allocations while boosting their cash holdings by 2%. Kolanovic's reasons...