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gold

South Koreans snap up gold from convenience stores, vending machines as soaring prices stir frenzy

by Walter Watson
South Koreans snap up gold from convenience stores, vending machines as soaring prices stir frenzy

Gold bars are displayed for sale alongside packaged kimchi and ramen in convenience stores across South Korea, with the yellow metal gaining among younger consumers in 2024. South Korea’s largest …

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Indian flyer smuggles Rs 2.73 cr of gold from Jeddah, held

by Ron Morgan
Indian flyer smuggles Rs 2.73 cr of gold from Jeddah, held

Photo: Delhi Customs/X Customs officials in Delhi arrested an Indian passenger coming from the city of Jeddah, Saudi Arabia for allegedly smuggling gold worth Rs 2.73 crore. He was arrested …

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UAE jewellers offer free gold coins, discounts

by Ron Morgan
UAE jewellers offer free gold coins, discounts

Akshaya Tritiya, an Indian festival celebrated on Friday, May 10 this year, is traditionally marked by the purchase of gold to usher in good fortune and prosperity. Jewellers are offering …

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Shining example: how China is propelling gold’s record-breaking rally

by Anas Siddiqui
Shining example: how China is propelling gold’s record-breaking rally

Gold’s rise to all-time highs above US$2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and centre …

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China unloads more US Treasury bills as odds of Fed rate cuts grow slim

by Walter Watson
China unloads more US Treasury bills as odds of Fed rate cuts grow slim

Worries over security and a further delay to expected interest rate cuts by the Federal Reserve have depleted Beijing’s appetite for US Treasury bills, and its position as the second-largest …

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Oil and gold on a run as Middle East tensions rock markets

by Anas Siddiqui
Oil and gold on a run as Middle East tensions rock markets

Gold has surged close to a new record and oil prices have jumped on concerns over the potential for a wider regional conflict that could endanger crude supplies. Spot bullion …

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HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

by Anas Siddiqui
HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these …

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China’s gold markets under strain as horde of new buyers hunts for stable investment

by Anas Siddiqui
China’s gold markets under strain as horde of new buyers hunts for stable investment

April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold …

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China’s latest investment frenzy sparks wild swings in gold ETF

by Anas Siddiqui
China’s latest investment frenzy sparks wild swings in gold ETF

An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to …

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Skybridge CEO Says Bitcoin Can Reach Half Of Gold Market, How Much Will BTC Be?

by Isaac Wright
Skybridge CEO Says Bitcoin Can Reach Half Of Gold Market, How Much Will BTC Be?

The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps. One sentiment is maintained by most, though, and that is the …

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