GOLD: USD/oz1,258.55 | EUR/gr38.35SILVER: USD/oz18.42 | EUR/gr0.5631

Italpreziosi trasmette notizie aggiornate quotidianamente sul mondo dei metalli preziosi, delle principali materie prime e delle maggiori valute. Inoltre, periodicamente vengono rilasciati dal nostro Centro Studi outlook in ambito macroeconomico, fondamentale e tecnico. Di seguito, le ultime news caricate:

Last Updated: 12 July 2016

The week have started with optimism after a Friday characterized by covering activities by the banks in Europe and after the unexpected data about the US labor market that states an increase in the number of the employees to 287,000 units vs. the consensus that stood to 180000, wiping out the fears over a slowdown in the US labor market and  pointing out the fact that  May and April are both quite “seasonal” months.

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Last Updated: 30 June 2016

MACROECONOMIC  SCENARIO

A currency with no country. This is the Euro. The arrogant presumption of being able to reunite people with the help of the economy. What happened is just the result of a wonderful project created without principles, comparable to a house without a foundation.

But what should be these principles? It only needs just one word: unity, in every way. From the legislation to the  taxation system, then to the debt: cornerstones of a true union, that had never been implemented, not even when there was the possibility in the recent years. In fact, when the European Union was called into question (with the situation in Greece, Italy, Spain, Portugal, Ireland and Iceland), the European Council turned its back and even the BCE has had to submit to the German will for granting a new credit to the banks, by requiring that only 20% was absorbed by the BCE itself. All these signals, generated opposing currents against the union all around Europe, currents that later evolved into the highest democratic form: the referendum. One important aspect to consider, is how we have arrived to such a “simple” thing for such an important decision, without thinking before about a quorum or any strengthening measures that could block the biggest political / economic shock since the fall of the Berlin Wall.

In fact, if we look at the markets, during this  European Black Friday more than 630 billion dollars were burned, while in the world 2,000 Billion Dollars were lost. Substantial declines have affected all the European markets:

Milan

-12,48 %

Madrid

-12,35 %

Paris

-8,04 %

Frankfurt

-6,88 %

London

-2,94 %

Not to mention the British Pound , that against the dollar went back to its 1985 levels, 1,32,  facing a collapse of 12%.

Against the Yen the depreciation was even more violent, going to -16%.

This situation pushed all the investors to seek refuge, moving them  towards the ten-year’s German government bonds and also gold;  Bund has reached an historical negative return of -0.17%, while the yellow metal touched a peak of  1,360 $/oz and 40 € / Gr.

These events led to great uncertainty in the markets. In fact, since there has never been a precedent and since Great Britain is a cornerstone in the Union, the upheavals and the implications of that decision are almost completely unpredictable, both from an economic and political point of view. An example is the possibility feared by Sturgeon, the Scottish Prime Minister, that is of a new referendum to remain within the EU so to leave Great Britain (this road could also be undertaken by Northern Ireland)

Brexit could also affect the stars and stripes’ monetary policy: the will of rising interest rates, already more moderate compared to the beginning,  could suffer a setback as a result of the British decision, that is likely to bring high volatility and uncertainty in the markets for a long time. Two years, in fact,  is the maximum time horizon where the treaties shall cease to be applicable. All that happens within this period of time will remain a mystery, and the markets will respond accordingly. However, even in this moment we can see that the volatility, represented by the VIX index, has splashed aloft since the beginning of  June onwards, going from 13.60 points to the current 26 points. If we also analyze the day of Friday, the increase has been dramatic: + 50% in just one single day.

Even in the view of some international agreements, we can only deduct that the entry into force of the notorious TTIP could be severely hampered , if not blocked , in the light of the political and economic reorganization of the eurozone . In fact , the coming months will be intense , as  even the very essence of the European Union need to be called into question in order to find a new path , identifying June 24th, 2016 as the starting point of a new era , where it is hoped that this currency , that means unity and freedom of movement , will be turned into a real Union.

PRECIOUS METALS

The gold trend has been deeply influenced by the Brexit , with an oscillation, including minimums and maximums, of over  100 $/ oz and  4.75 €/ Gr , reaching the highest peak of $ 1,360 / oz and 40 € / gr  described above.

A unique increase, that however is not addressed to the physical demand for jewelry, which in the first quarter of the year recorded a hefty -29 % , affected both by the high prices and new taxes in India that led to numerous strikes among jewelers causing a decline of 56 % in the demand. We have to remember that India is the largest consumer of jewelry in the world, with over 670 tons consumed in 2015. ETF have been driving the demand for gold in the first three months of the years, increasing the amount of physical gold held to over 310 tons, an increase of 1319 % . The second quarter also showed an increase of more than 165 tons , confirming this trend of strong growth .

Anyway, the most important data that shows the good performance of gold is related to the net long position opened at Comex, reaching the historical record of 33.4 million ounces. The figure is even more impressive when we consider that it refers to June 21st, well before the date of the Brexit referendum. Therefore, we expect a substantial increase in the next output data on Friday, July 1st.

From a technical standpoint, after moving away from the medium-term downtrend, gold remains above the moving average of 50 periods. The technical objective is the resistance at 1,385 $/oz, although the first level to the upside is represented by the peak reached on June 24th of 1,360 $/oz. As mentioned several times, this phase of the market is strongly characterized by an extreme volatility, that generated a gap in the opening of more than 15 Dollars: the market closed at 1303 and opened at 1319. These gaps are often filled in the end and so  the price could return to test the downward share at 1300.

The price in Euro has sharply increased, exceeding  1,200 €/oz (38.60 €/gr) and touching  1,245  €/oz (40 € /gr). The increase in euro was more violent compared to the increase in US dollars, and this is mainly due to the weakening of the exchange rate.

A similar situation occurs for silver, which remains stable above  17 $/oz and points to exceed 18 $/ oz. As for gold, the opening gap between  17.45 $/oz and 17.7 $/oz  might be filled at downward.

In any case , this historical, economic and  political situation is unprecedented  and the rules of the past are unlikely to be applied in the present. Thus , there is only one rule to follow in the markets at the moment: play it by ear.

We therefore recommend extreme caution in taking positions because of the volatility and uncertainty of the markets.

 

 

 

Last Updated: 15 June 2016

In Great Britain, the fear for  the referendum about Brexit has dominated the scene on the markets in the last days.

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  • Indian Wedding Season Is a Golden Opportunity

    The fact that gold prices have one of the more reliable annual price patterns isn't an obvious one because it is a mined commodity. Nevertheless, 'tis the season for the gold bulls to shine. Gold generally finds strength through early- to mid-September prior to the Indian wedding season, which runs from October through December.

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  • Scrap jewellery sales decline by 50-60% in one month

    sales declined by 50-60% in the last one month as consumers held the stock on expectations of higher realisation in the upcoming when physical demand sets in.Normally, farmers sell their extra holding of gold jewellery with the onset of the monsoon rainfalls to buy seeds and fertilisers. Consequently, sales increase in June and July. continue in September as well, in case forecast of monsoon rainfalls is deficient.sales also move up in case gold price continues its bullish trend. This year, however, none of the...

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  • The top 10 gold producing mines in the world

    Gold output across the globe hit an all-time high in 2015, climbing 1.8 percent to 3,211 tonnes. Much of this growth was led by Mexico, whose output increased double digits (18 percent) from 112 tonnes in 2014 to 133 tonnes last year. Indonesia grew 20 percent, Kazakhstan 29 percent. This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable. Below, explore and discover the world’s top 10 gold producing mines.  

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  • The Evolving Gold Narrative: 2011 vs. 2016

    Gross, former head of PIMCO and current manager of Janus funds, recently echoed Rick Rule, assigning blame to the Fed for deferring short-term pain at the expense of long time gain.

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  • GOLD IMPORT FALLS 24.27PC IN JULY

    ISLAMABAD: The import of gold in to the country witnessed a decline of 24.27 per cent in July 2016 as compared to the import of July 2015.

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  • Controllo capitali, va da Deutsche Bank e chiede l’oro che gli spetta. Risposta è no

    I controlli sui capitali proseguono in tutto il mondo, insieme ad altri fenomeni che mandano nel panico i risparmiatori, e che hanno dei precedenti, come la battaglia contro i contanti e il prelievo forzoso. Un episodio inquietante, riportato qualche ora fa da un sito tedesco di analisi sull’oro, che chiama in causa il colosso bancario Deutsche Bank e alimenta dubbi sul rischio di operazioni di “sequestro” di oro.Stando al sito, Deutsche Bank non è stata capace infatti di effettuare una consegna di oro, alla richiesta presentata da un cliente sottoscrittore dell’ETC Xetra-Gold.

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  • Oro stabile sopra il minimo di 2 mesi, riflettori sui dati USA

    Il prezzo dell’oro si stabilizza al di sopra del minimo di due mesi negli scambi della mattinata europea di questo giovedì, con gli investitori in attesa dei datisull’occupazione non agricola statunitense.

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  • Oro, quotazioni tenderanno a 1.700 dollari? Ecco l'ipotesi di Deutsche Bank

    L’oro si accinge a chiudere negativamente il mese di agosto, le cui quotazioni hanno perso oltre il 2% rispetto ai livelli di fine luglio. Ma dall’inizio dell’anno continua a registrare una crescita di quasi il 25%, mentre è assodato che il primo semestre del 2016 sia stato per il metallo il migliore degli ultimi 40 anni. Al momento, i prezzi oscillano intorno ai 1.320 dollari l’oncia. Nelle ultime sedute si avverte un indebolimento dell’oro sui mercati, a causa principalmente dell’attesa di un rialzo dei tassi USA, che sta già rafforzando il dollaro, colpendo le materie prime vendute...

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  • Credit Suisse bullish on gold post-Brexit hangover

    Credit Suisse issued a bullish note on gold last week, citing continuing global uncertainties as the main driver.It said the post-Brexit hangover is pushing up the price of the precious, and expects the price of the yellow metal to break the US$1,500 barrier as the trend continues into 2017."The common argument we hear from gold participants is that gold is currently benefiting from a fear trade on Brexit, and that may indeed be the case," stated in the research note."But we think this recent fear trade leads to something more enduring as the surprise Brexit vote has solidified and...

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  • LAWRIE WILLIAMS: Australian Gold Output Hits 15-Year High

    Despite something of a consensus among analysts that global gold mine output may have peaked and is beginning to turn down, it appears that the World’s second largest national gold producer, Australia, is bucking the trend.  According to gold mining-focused Melbourne consultancy, Surbiton Associates, which monitors what is going on down under very closely, in the year to end June 2016, the nation’s gold production actually hit a 15-year high.  Most Australian mining companies have June year ends which is why the annual figures quoted are to the end of that month.

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  • Gold/Silver Ratio Approaches 70 for First Time in 5 Weeks

    Gold’s premium over silver widened on Friday, closing at its highest level in over a month as both precious metals succumbed to bearish pressure.

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  • US Gold Jewelry Demand Hits 7-Year High

    In the first half of 2016, the gold price logged its best performance in 35 years  

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  • Oro in calo, attesi i verbali della Fed

    Investing.com - Il prezzo dell’oro scende negli scambi della mattinata europea di questo mercoledì, cancellando i guadagni segnati nella notte, mentre i traders attendono i verbali del vertice di politica monetaria di luglio della Federal Reserve da cui potrebbe emergere una posizione meno cauta della banca rispetto alla dichiarazione.

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  • Investment demand for gold jumps to all-time high

    In late trade in New York on Wednesday gold edged higher to exchange hands at $1,352 an ounce. Last week gold closed at a two-year high and year to date the metal is up 27% or nearly $300 an ounce.

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  • Oro in salita, si riconsiderano le aspettative di aumento dei tassi Fed

    Investing.com - Il prezzo dell’oro segna un’impennata di oltre un punto percentuale nella mattinata statunitense di questo mercoledì, gli investitori riconsiderano la possibilità di un aumento dei tassi nel corso dell’anno da parte della Federal Reserve.

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  • The Golden Era: China’s New RMB-Denominated Gold Benchmark

    Not long ago, China launched a yuan-denominated gold benchmark. Since the beginning of 2016 Chinese citizens can trade gold on the Shanghai Gold Exchange (SGE) with the “Yijintong” mobile app. Meanwhile, in Hong Kong there are more than 120 brokers offering bullion trading.

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  • ETP inflows for Precious Metals on pace for record in 2016: Barclays

    LONDON(Scrap Register): The year 2016 has already topped the previous record for the amount of money flowing into exchange-traded products featuring precious metals , Barclays said Thursday.

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  • GoldSilver Central launches e-trading platform for physically-backed bullion

    In a move that would further boost retail investment options in precious metals in Singapore, local bullion dealer GoldSilver Central has launched an electronic trading platform for physically-backed gold, silver and platinum. This would allow investors to trade 24 hours a day, especially during the New York and London trading hours, and also have the option to take physical delivery of their holdings, said its managing director Brian Lan. "Clients can trade on the go, on their mobile phone and tablet, and it's a live market," he said. They can choose to take physical delivery of their...

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  • Perché l’oro corre (anche) con la deflazione

    Li chiamano beni rifugio. Prodotti finanziari dove confluiscono capitali a mani basse durante le fasi di tempesta finanziaria. Anche quest’anno i più importanti porti sicuri della finanza - vale a dire lo yen giapponese e l’oro - non si sono affatto smentiti. Durante le fasi più acute di tensioni sulle Borse - da inizio anno fino a metà febbraio e a giugno - gli investitori hanno acquistato valuta giapponese e metallo giallo.

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  • Gold Rallies as Fed Fails to Convince

    After holding firm on Thursday, gold reversed an immediate dip following the Fed announcement to trade significantly higher as the statement failed to jolt market expectations of dovish global central banks.

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  • Faber: investite il 25% in oro

    NEW YORK (WSI) – Per proteggersi contro una miscela pericolosa formata da un debito governativo enorme e maxi piani di acquisto di titoli del reddito fisso da parte delle banche centrali di tutto il mondo, il consiglio di Marc Faber è quello di far salire al 25% la quota di esposizione del proprio portafoglio di investimento all’oro, bene rifugio per eccellenza.

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  • Commodities Daily

    Precious metals: Gold is trading largely unchanged at around $1,320 per troy ounce this morning.

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  • China gold consumption to reach 1,200 tonnes by 2020: State media

    BEIJING: China's annual gold consumption is expected to be 1,200 tonnes by 2020, state-owned Shanghai Securities News reported on Wednesday, citing an estimate from a Ministry of Industry and Information Technology (MIIT) official. Zhou Changyi, head of MIIT's raw materials for industry department, also said that while demand is expected to increase in the future, current domestic production levels will remain unable to meet forecast homegrown demand. China, the world's top gold consumer and miner, consumed a total of 528.52 tonnes of gold in the first six months of 2016, down 7.68 percent from...

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  • TOCOM’s physical market for gold launched today

    The Tokyo Commodity Exchange, Inc. (TOCOM) has launched a new physical market for gold, Gold Physical Transaction. The number of executed transactions for the first trading day was 14.

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  • Russia Adds 19 Tons of Gold to Reserves in June

    The Russian Central Bank announced this week that its gold reserves had reached 48.2 million troy ounces (approximately 1,500 metric tons). The total included an additional 600,000 ounces (approximately 19 tons) of gold added in June.

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  • Tokio Commodity Exchange to launch physical gold market

    The Tokyo Commodity Exchange Inc. (TOCOM) has announced today that July 25th will be the start date of new Gold Physical Transaction, pending regulatory approval. Gold is the most actively traded commodity at the Exchange with both futures and options contracts listed.

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  • Post-Brexit Stabilization

    The week have started with optimism after a Friday characterized by covering activities by the banks in Europe and after the unexpected data about the US labor market that states an increase in the number of the employees to 287,000 units vs. the consensus that stood to 180000, wiping out the fears over a slowdown in the US labor market and  pointing out the fact that  May and April are both quite “seasonal” months.

    Read More

  • Monthly report June 2016

    MACROECONOMIC  SCENARIO A currency with no country. This is the Euro. The arrogant presumption of being able to reunite people with the help of the economy. What happened is just the result of a wonderful project created without principles, comparable to a house without a foundation. But what should be these principles? It only needs just one word: unity, in every way. From the legislation to the  taxation system, then to the debt: cornerstones of a true union, that had never been implemented, not even when there was the possibility in the recent years. In fact, when the European Union was...

    Read More

  • Switzerland gold exports jump 20% to 177.3 mt in May, highest this year

    Gold exports from Switzerland totaled 177.3 mt in May, up 20% from 147.8 mt reported in April, and the highest level since December, Swiss federal customs data showed Tuesday.

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  • THE RISK OF BREXIT FOR THE MARKETS

    In Great Britain, the fear for  the referendum about Brexit has dominated the scene on the markets in the last days.

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  • China, Russia to continue to buy Gold for rest of 2016

    There has been some divergence in central-bank gold activity, but those buying to diversify reverses are likely to keep doing so, even though the pace may slow, said Societe Generale.

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  • Brexit and BullionVault

    Vote Leave, for democracy Power corrupts. That's why Karl Popper (one of the great thinkers of the 20th century) argued that we shouldn't get too obsessed about how we put people into power, as long as we jealously guard our right to throw them out again.

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  • Global silver market deficit forecast up 21% in 2016, at 1,005 mt: Metals Focus

    The global physical silver market is expected to record a 1,005 mt deficit in 2016, up from a deficit of 793 mt in 2015, Metals Focus said in its most recent global silver survey Thursday.

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  • Russia, China add more gold reserves; Venezuela sells more

    May 24 China and Russia, two of the largest holders of bullion, and Kazakhstan bolstered their gold reserves last month, while Venezuela sold off more of its bullion earlier this year, data from the International Monetary Fund showed on Tuesday. Extending a prolonged buying spree, Russia added 16.2 tonnes to its reserves, China increased its holdings by 10.9 tonnes and Kazakhstan raised its tonnage by 3.2 tonnes. Turkey added 2.6 tonnes. Belarus cut its holdings by 2.6 tonnes. Venezuela sold 34.2 tonnes in February and another 8.5 tonnes in March. There was no data for the country for April....

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  • June on the table

    Financial markets were surprised by the tone used in the minutes of April 26th and 27th issued by the Federeal Reserve, suggesting that the option of rising the rates in June is always on the table.

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  • Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner

    Billionaire George Soros prepared last quarter for gloomy times, dialing back his U.S. stock investments by more than a third, betting against the equities while banking on gold.

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  • Hedge Funds Keep Betting on Silver Even as Rally Starts to Fade

    Money managers expand silver net-long position, CFTC data showPrecious metal gained 24% in 2016 on Fed, Industrial demandHedge funds expanded their bullish bets on silver to an all-time high even as this year’s hottest metals rally began to fade.

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  • China gold reserves rise to 58.14 mln fine troy ounces in April

    May 7 China's gold reserves stood at 58.14 million fine troy ounces at the end of April, up from 57.79 million fine troy ounces at the end of March, the central bank said.China began updating its reserve figures on a monthly basis in June 2015. Prior to that, the reserve figures were not updated regularly. (Reporting by Jessica Macy Yu and Brenda Goh; Editing by Ed Davies)

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  • Investors boost gold assets in world’s top ETF by most since ’11

    Investors are piling back into gold. And they’re coming in droves.Holdings in SPDR Gold Shares, the world’s largest exchange-traded fund backed by gold, surged 20.8 metric tons on Monday, the biggest one-day expansion since 2011, data compiled by Bloomberg show. About $7.1 billion in new money poured into SPDR Gold this year, the most of any ETF tracked by Bloomberg around the world, as holdings soared to the highest since 2013.

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  • China's Q1 gold consumption falls 3.91 pct y/y

    BEIJING May 5 (Reuters) - China's gold consumption in the first quarter of 2016 fell 3.91 percent year-on-year to 318.28 tonnes, the official Xinhua news agency said, citing the China Gold Association.China's Q1 gold output rose 0.78 percent year-on-year to 111.563 tonnes, the People's Daily said last month. (Reporting by the Beijing Monitoring Slot and Sue(Reporting by the Beijing Monitoring Slot and Sue-Lin Wong).

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  • Fed and BOJ : affect precious metals

    While yesterday  was the day of Fed, this morning is the day of BOJ. As expected, Fed haven’t touched interest rates, but it has proved to be not the dove it was in March.

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  • BCE: A ‘wait and see’ approach

    There were no surprises yesterday, with the BCE that kept the cost of money unchanged, and declared it wants to focus on the implementation of the extraordinary measures taken in March.

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  • India's gold demand rises as jewellers reopen shops

    Gold demand in India improved this week as jewellery retailers reopened stores after a strike, but the world's second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices. Indian jewellers went on an indefinite strike since the start of March in protest over the reintroduction of a sales tax on gold jewellery after four years. They started opening shops from last week.

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  • Russia, Kazakhstan increase gold reserves in March -IMF

    Russia and Kazakhstan continued to boost their gold reserves in March, data from the International Monetary Fund showed on Monday.Russia's central bank, one of the largest holders of bullion, added 430,000 ounces of gold and Kazakhstan increased its holding by 86,819 ounces, data showed.Turkey cut its holding by 2,283 ounces.(Reporting by Josephine Mason; Editing by Leslie Adler)

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  • Gold-Silver Ratio Drops to 2016 Low as China Stabilizes:

    An ounce of gold buys the fewest ounces of silver since December after silver climbed on signs of stabilization in China, the world’s biggest consumer of commodities.

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  • Gold To Benefit As Volatility, Uncertainty Dominate Markets

    Global market uncertainty and conflicting messages from U.S. central bank officials will continue to support gold in the near-term, this according to some market analysts.

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  • Precious metals’ technical structure and Eur/Usd cross

    The turmoil that accompanied the first glimpse of the year is coming back and this is one of the reasons that caused the traders to divert their attention from precious metals used as a safe haven.We will graphically analyze the technical structures of the last weeks.Let’s start from the daily gold chart in Euros: After the recent picks of  € 1,164 (€ 37.42 / g) registered in March, the yellow metal is experiencing a phase of weakness that is taking it to retrace to the previous resistance in area € 1,050 (33.76 € / g).The state of overbought has been subsiding and the oscillators are...

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  • Yellen: a dove rather than a hawk

    The markets, after the Easter break, have reopened the negotiations tuned to the speech given in New York by  Janet Yellen, the n ° 1 of the FED,  who has emphasized the need to proceed very gradually with rising interest rates.

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  • World top 10 gold producers – countries and miners

    The last year has seen changes in global gold production rankings, both by country and company.

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  • Germany to bring half its gold back by 2020

    After decades of storing the majority of its gold reserves overseas, Germany has decided to speed up efforts to bring its bullion back home, announcing Monday it plans to repatriate at least half of the country’s gold by 2020.According to the Bundesbank, the country’s central bank, there currently are about 1,400 tons or 41.5% of Germany’s gold reserves sitting at its vaults in Frankfurt, RT.com reports.

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  • gold investors boost bullish options bets

    With prices briefly tapping the key psychological level of $1,200 per ounce, the buying has rekindled a relatively lacklustre options market, which has been rangebound for much of the past year

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  • for second consecutive year, india ends 2015 as top gold consumer

    Aggregate jewellery and investment demand gained six per cent to 890 tonnes: survey ndia retained its top position in global gold consumption for the second consecutive year in 2015, fuelled by record high jewellery consumption at 703 tonnes. According to the latest GFMS Gold Survey 2015 by Thomson Reuters, India’s aggregate jewellery and investment demand in 2015 gained six per cent to 890 tonnes, making it the second best year of the past four years. “This relatively small nominal rise in demand, despite the annual average price declining by six per cent, can be attributed to the poor...

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  • world’s largest silver producer slams silver benchmarking controversy

    The world’s largest producer of silver, KGHM, has weighed in on last week’s hugely controversial silver price benchmark, which was set some six percent below the prevailing spot price on Thursday. The LBMA Silver Price – the crucial daily benchmark used by producers and traders around the world to settle silver products and derivatives contracts – was set at $13.58 per ounce on January 28. This was 84 cents below the spot and futures price at the time. Since this has implications for any transactions based on the benchmark, there is a danger that the credibility of the process will be...

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  • gold drops as traders fixate on this week's u.s. rate decision

    Gold dropped before the Federal Reserve’s meeting this week as investors bet that policy makers will raise U.S. interest rates for the first time in almost a decade. Silver slipped to a six-year low.

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  • gold little changed as traders await fed decision on u.s. rates

    Gold traders are waiting on the sidelines ahead of a meeting of U.S. policy makers that could give clues on when interest rates will rise. Futures were little changed for most of the morning in New York, and aggregate trading was 29 percent below the 100-day average,

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  • gold traders prepare for rally on bets fed will wait to move

    If you’re looking for a sign on what gold investors are expecting from this week’s Federal Reserve meeting, look no further than open interest. The measure, a tally of outstanding contracts, shows traders are holding more gold futures than at any time since 2012. 

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  • china gold imports climb on pre-holiday buying, lower prices

    China’s net imports of gold from Hong Kong increased for the third month in September as lower prices and inventory-building before a week-long holiday spurred buying.

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  • press article 'dirty gold" on l'espresso

    Concerning the article published on “L’Espresso” newspaper on 31th of July, 2015, Italpreziosi Spa informs to inform that it has closed its business relationship with the peruvian mine San Simon.With reference to the other news involving Italpreziosi Spa, our company has already published its position on 21th of July, 2015 through its web site (news “Press article on “OjoPublico”) under “news” category.

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  • press article on "ojopublico"

    The article published in the “Ojo Publico” newspaper refers to facts that happened between the end of 2013 and the beginning of 2014, which the Peruvian press had already been widely interested in. On the 8th of  January of 2014,  “El Comercio” newspaper reported the news concerning the seizure of a large quantity of gold that was supposed to have an illegal source.

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