Gold
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.
ECB's Noyer sees gold's role as reserve declining
GERMANY - Outgoing European Central Bank Vice President Christian Noyer said on Tuesday that the role of gold in central bank reserves was declining but was still part of central bank credibility.
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…
Kazakh gold/forex reserves up to $2.65 bln
KAZAKHSTAN - Kazakhstan's net gold and foreign currency reserves grew to $2.650 billion on April 15 from $2.625 billion on 31 March, the central bank said on Wednesday.
India considers establishing gold exchange
INDIA - Pressure is building on the Indian federal government to give clearance for setting up a gold exchange for spot, forward and futures trading in the precious metal.
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.
New Azeri coins commemorate medieval poet
AZERBAIJAN - The National Bank of Azerbaijan has issued two types of gold and silver commemorative coins of a face value of 100 and 50 manats respectively.
Estonian c bank end March reserves up 4.6 pct m/m
ESTONIA - The Estonian central bank said on Friday its gold and foreign currency reserves rose 4.6 percent to 13.9 billion kroons ($781.3 million) by the end of March versus 13.3 billion at end-February.
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…
BNB to take gold reserves out of bank vaults
BULGARIA - The Bulgarian government's recent debt swap operations made the Bulgarian National Bank (BNB) start leading a more active policy in managing Bulgaria's foreign currency reserves.
SNB sell 4.1 metric tons of gold in latest 10 days
SWITZERLAND - The Swiss National Bank sold 4.1 metric tons of gold in the latest 10-day reporting period ended March 28, the central bank's regular statistical report showed Tuesday.
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.
BNB aims at more effective control of gold reserve
BULGARIA - The board of governors of the Bulgarian National Bank (BNB) is engaged in continuous debates on the options for a more effective management of Bulgaria's monetary gold reserves, deputy governor Martin Zaimov told reporters.
Welteke flags Buba may sell gold, buy stocks
GERMANY - Bundesbank President Ernst Welteke on Monday surprised central bank watchers by signalling the bank might consider selling part of its gold reserves and reinvesting the proceeds in shares as well as in bonds.