Gold

Gold in the IMF: A Factsheet

FACTSHEET - The IMF has published a factsheet detailing what its gold holdings are, how it acquired them, what its policy is on gold, and how and when it has used its gold in the past.

Speech by M Moskow, President, Chicago Fed, 23 May

SPEECH - SPEECH - Moskow gave a speech Thursday titled 'Benefits of Open Markets and Expanded Trade', in it he said "because the downturn was moderate, we expect that the early stages of this recovery will also be moderate by historical standards."

Gold price rises on war fears

INDIA - Fears of a military conflict between India and Pakistan pushed the price of gold to a 27-month high in trading on Wednesday.

Time for gold bulls to return to the stage?

FEATURE - The dollar price of gold was at its highest level for the past year or so at one stage on Monday afternoon, and no one will be blamed if he or she starts wondering whether it has not once again become time for the gold bulls to take their…

Russia's forex reserves hit record 40bn dollars

RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.

ECB gold reserves declined to 26 April

GERMANY - The European Central Bank said Tuesday that the Eurosystem's net reserves in gold and gold receivables declined by EUR306 million to EUR139.5 billion in the week ended 26 April.

Gold's backers want to polish up its image

FEATURE - It isn't just the war against terrorism, or the growing violence in the Middle East. It isn't just increased Japanese demand or the Enron scandal's effect on the equity markets. Rather, gold's 10% rally this year, to a recent two-year high of…

Retreating to the sanctuary of gold

FEATURE - 'Gold is back,' declared a leading news agency this week in an analysis into why the yellow metal has pushed resolutely back above US$300 an ounce for the first time in two years, and why investor interest is at its highest in almost 20 years.

Russia issues world cup commemorative coins

RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.

Back from a King's vault, the lone double eagle

FEATURE - It is a $20 gold piece from 1933 that was ordered destroyed by President Franklin D. Roosevelt. Stolen from the United States Mint, it was exported for a king after the government committed the bumble of all bumbles, was contested in an…

WGC reaffirms, central banks should not sell gold

AUSTRALIA - The World Gold Council is continuing to ask European central banks to leave their reserves alone rather than putting quantities of gold up for auction, WGC managing director Robert Weinberg said Tuesday.

Gold market calmer on Welteke reassurance

GERMANY - The gold market was reassured by the statement made by Bundesbank President Ernst Welteke on Thursday that the international agreement limiting gold sales by central banks was worth extending once it expired at the end of 2004 and that any…

WGC responds to speculation on Buba gold reserves

GERMANY - The World Gold Council has responded to speculation arising out of recent statements made by the President of Germany's Bundesbank and others by giving its reasons why the Deutsche Bundesbank should continue to hold its gold reserves.

Speech by Dr Reddy, Reserve Bank of India, 21 Mar

SPEECH - "Establishment of a Gold Exchange would help in efficient price discovery and emergence of healthy and transparent practices in the market," RBI's Deputy Governor Y V Reddy said in a speech at a conference organised by the World Gold Council.

US Judge dismisses claims against BIS, Fed Reserve

US - A federal judge in Boston has dismissed claims of price manipulation a consultant to the Gold Antitrust Action Committee made against the Bank of International Settlements, several leading investment houses and officials of the U.S. Treasury and…

India's RBI discusses gold exchange

INDIA - Reserve Bank of India's Deputy Governor Y V Reddy has proposed setting up an exchange for trading in gold as part of the efforts to develop the precious metal's market in the country and integrate it with the financial market.

ECB gold reserves - EUR55M

GERMANY - The Eurosystem's net reserves in gold and gold receivables declined EUR55 million to EUR126.8 billion in the week ended 22 March, the European Central Bank said Tuesday.

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