HSBC takes stab at using blockchain to modernize London’s antiquated gold market
Mining News Pro - One of the world’s top bullion banks is bringing blockchain to the antiquated London gold market.
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Visit: 177
Mystery whales baffle gold market after central bank purchases
Mining News Pro - A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers.
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Visit: 392
JPMorgan spoofing cheated gold market
Mining News Pro - JPMorgan Chase & Co.’s gold trading and sales team was so focused on making money that they scammed the market for years with so-called spoofing trades, according to a former colleague who testified at the trial of three former bank employees charged with fraud.
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Visit: 530
JPMorgan’s ‘big hitters’ of gold market face trial over spoofing
Mining News Pro - Michael Nowak was once the most powerful person in the gold market.
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Visit: 638
Nordgold postpones IPO, citing uncertainty in gold market
Mining News Pro - Following its announcement earlier this month of an initial public offering in London, along with a secondary listing in Moscow, Nordgold has now decided to postpone its potential multi-billion-dollar IPO.
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Visit: 878
St Barbara basks in strong gold market conditions
Mining News Pro - St Barbara has increased its gold production in the 2020 financial year despite lower contribution from the Gwalia mine in Western Australia.
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Visit: 668
Chaos in gold markets ripples to other precious metals
Mining News Pro - The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.
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Visit: 922
CIBC lost $64 million in a day in gold market turmoil
Mining News Pro - Canadian Imperial Bank of Commerce (CIBC) took a mark-to-market trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the bank said in its second-quarter earnings report on Thursday.
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Visit: 780
HSBC reveals it was caught out as lockdowns snarled gold market
Mining News Pro - HSBC Holdings Plc, one of the largest players in the gold market, was caught out in March as lockdowns disrupted physical shipments of bullion and caused prices to diverge dramatically in key trading hubs.
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Visit: 1437
Nervous bankers leave the gold market stuck in disconnect
Mining News Pro - Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1,750 for the first time in seven years on April 9. In London, it still hasn’t caught up.
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Visit: 1351
China’s gold market rebounds
Mining News Pro - China’s economy showed signs of a potential recovery last month as the covid-19 outbreak seemed to be effectively contained, setting off a gradual revival of the world’s top gold market.
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Visit: 630
The gold market is being tested like never before
Mining News Pro - From South Africa’s ultra-deep mine shafts to vaults underneath London, from metals traders in New York skyscrapers to main-street sellers of coins: the global gold market is being tested like never before.
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Visit: 1342
Sudan opens up gold market in bid to raise revenue
Mining News Pro - Sudan has begun allowing private traders to export gold, a measure designed to crack down on smuggling and attract foreign currency into the country’s cash-strapped treasury.
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Visit: 708
Limited fluctuations in the global gold market / investors await the results of the two-day US Federal Reserve meeting
Mining News Pro - The gold price on trading on Wednesday, which investors were awaiting the outcome of a two-day meeting of the Central Bank of the United States, did not change much and was traded in limited periods.
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Visit: 1237
4 Biggest Risks Threatening The Physical Gold Market — ABC Bullion
Mining News Pro - As technology continues to reshape the world as we know it, its impact on the traditional physical gold market is hard to quantify, said Australia’s ABC Bullion chief economist while listing four biggest risks threatening the yellow metal in the near future.
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Visit: 2765
Stability in the global gold market
Mining News Pro - The gold price on Monday morning did not change much in the world markets as compared to last Friday (July 27th), because the pattern of movement of major currencies, such as the US dollar, remained on the verge of the meeting of the major central banks of the world.
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Visit: 1011