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Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market. Bank of Nova Scotia told
ABG Gold has fallen 1.4% to $1,292 per ounce so far this week, leaving the share prices of exchange-traded gold funds trending lower. GLD.US) ETF is down by 1.6% so far this week, at $124.35, leaving it up by 5.4% so far this year.
Gold prices edged lower on Tuesday and now have to grapple with what's shaping up to be a decent earnings season. A slew of notable economic reports is also on tap throughout the day, including existing home sales. At last check, gold for August
Click Ticker to See live coverage Geopolitical crises are having a profound impact on the prices of precious metals, with gold the first to rally. As the uncertainty of future events prevails, investors move their monies from risky assets such as
Emergencies Ministry members at the site of the MH17 plane crash. MarketWatch) The safe-haven benefits for gold faded on Friday, with the precious metal dropping in electronic trading, as a lack of physical follow-through made that upward move
The interesting point about silver is that although it is a precious metal, and therefore a safe-haven investment, it is also an industrial metal due to its prevalent use in everyday items. A variety of products, from cars to smartphones and iPads
Gold ticked higher on Thursday to trade just above $1,300 an ounce as buyers emerged after a recent sharp drop in prices, but it was still near a four-week low as investors weighed the possibility of a sooner-than-expected hike in US interest rates.
The JSE ended the week decidedly lower after the previous week's record levels and despite quite a strong surge on Friday. It seems that shares are on the back foot for the time being with more uncertainty ahead to keep investors and speculators
The difference between domestic gold price and international price is high at 10-12 per cent because of the high duty. The jewellery sector is disappointed that the government did not heed their plea for a cut in import duty on gold, the key input
Once again the Europeans are getting worried about the health of those large-enough-to-matter economies that have required assistance in the past," citing Portugal, Ireland, Italy, Greece and Spain. But Mr Schuberg said the rise in gold was not a "