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By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical gold demand in China continued to be in the doldrums this week as the coronavirus-led restrictions stalled activity, with dealers in the top consumer offering massive discounts. FILE PHOTO: A salesperson arranges 24K gold bracelets for Chinese weddings at Chow Tai Fook Jewellery store in Hong […]

By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Bodily gold demand in China continued to be within the doldrums this week because the coronavirus-led restrictions stalled exercise, with sellers within the high client providing large reductions. FILE PHOTO: A salesman arranges 24K gold bracelets for Chinese language weddings at Chow Tai Fook Jewelry retailer in

Precious metals investors had an excellent 2019, with gold, silver, platinum and palladium seeing sustained growth over a 12-month period. Gold eclipsed the critical resistance barrier of $1,500 per ounce in September. Other metals saw even more impressive growth, but none more than palladium, the most valuable of the four major precious metals. Palladium, a lustrous

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an

By Sumita Layek, Rajendra Jadhav * India discounts drop to $6/oz from $33 last week * India jewellery shops to stay closed next week -dealer * Bangladesh Jewellers Association cuts gold prices BENGALURU/MUMBAI, March 20 (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in

Gold was one of the highest-performing investments in 2019. The precious metal started the year at US$1,286 per ounce and ended it at $1,525 — about an 18.5% gain in a 12-month span. Although gold’s run cooled down in the last quarter of 2019, there’s plenty of cause for optimism for gold investors in 2020.

LONDON (BLOOMBERG) – It is five times more costly than gold and shocked investors by reaching US$8,200 per ounce last week. Rhodium – mainly used in autocatalysts for cars and five times more costly than gold – surged 32 per cent already this month and 225 per cent year on year, touching the highest since

The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing.  Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,

The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing.  Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,

NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world’s largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters

NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of treasured metals buying and selling at JPMorgan Chase & Co., one of many world’s largest gold brokerages, has expanded to Singapore and ensnared two extra financial institution workers, based on individuals accustomed to the state of affairs. FILE PHOTO: A view of the outside of the JP Morgan

This year’s rally in the gold price – a 24% rise between January and August when it touched $1,550 an ounce (oz)  –  vindicated BNP Paribas’s (BNPP) commitment to its commodity trading operation in China. In October, it was awarded a licence to join the main board of the Shanghai Gold Exchange (SGE) – the

Singapore is positioning itself to become the region’s global precious metals trading and financial hub as it gathered support at the Asia Pacific Precious Metals Conference, that brought together Asia’s biggest players in the industry. The conference, organized by the Singapore Bullion Market Association (SBMA), said Singapore could work as a rotating platform where the

Despite looming headwinds caused by the ongoing U.S-China trade war and slowing global growth, the international bullion community turned up in strong numbers at the third Asia Pacific Precious Metals Conference. Singapore’s received strong support in its bid to become the region’s precious metals trading hub as the Asia Pacific Precious Metals Conference, held on

Singapore is positioning itself to grow to be the area’s world treasured metals buying and selling and monetary hub because it gathered assist on the Asia Pacific Treasured Metals Convention, that introduced collectively Asia’s largest gamers within the trade. The convention, organized by the Singapore Bullion Market Affiliation (SBMA), mentioned Singapore might work as a

Precious metals like gold, silver, platinum and palladium can be an important part of a… [+] well-diversified retirement portfolio, giving you the opportunity to invest in something tangible that can weather a financial crisis. iStock Photo Gold and precious metals can offer another level of diversification in your retirement account. Not only can you purchase,

On 14 January 2019, a new bill setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for precious stones and precious metals dealers (the Bill) was tabled for first reading in the Singapore parliament. The Ministry of Law (MinLaw) had consulted on the Bill in September and October 2018. The Bill will apply to

On 14 January 2019, a brand new invoice setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for valuable stones and valuable metals sellers (the Invoice) was tabled for first studying within the Singapore parliament. The Ministry of Legislation (MinLaw) had consulted on the Invoice in September and October 2018. The Invoice will apply

LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia’s largest, said on Thursday it was closing its precious metals vault in Singapore. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photo The move follows the bank’s sale

LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion enterprise is considered one of Asia’s largest, mentioned on Thursday it was closing its treasured metals vault in Singapore. FILE PHOTO: An ANZ financial institution brand is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photograph The transfer follows the

SINGAPORE – Jewellery retailers and dealers of precious metals and stones, including second-hand goods dealers and auction houses, will have to register with the Ministry of Law under proposed guidelines for the industry. All regulated dealers of precious stones and metals, like diamonds, jade, silver and gold, will have to register with the ministry under

It’s the tip of an period for precious-metals patrons and sellers in Asia. For hundreds of years, particular person patrons of valuable metals patronized the identical retailers and native sellers trusted by some households for generations. Now, amid the identical common progress of e-commerce all over the place, bullion retailers in nations like Singapore, Malaysia,

Buying physical gold or silver as an investment is not always as straightforward as it sounds. Novice investors often get lost in a variety of options: “Should I buy minted bars or sovereign coins?” “Maybe that limited edition coin would be a good investment?” Sensible investors evaluate bullion options by the price and premium on the gold

Shopping for physical gold or silver as an funding will not be at all times as simple because it sounds. Novice traders usually get misplaced in a wide range of choices: “Ought to I purchase minted bars or sovereign coins?” “Possibly that restricted version coin could be a great funding?” Wise traders consider bullion choices by the

“Where should I store gold?” and “Should I store in multiple international gold storage facilities?” are some of the most common questions I receive from Hard Assets Alliance customers. In short, the main reason why investors would consider storing precious metals in more than one international location is risk mitigation. In addition to being a

“The place ought to I retailer gold?” and “Ought to I retailer in a number of worldwide gold storage services?” are a few of the commonest questions I obtain from Hard Assets Alliance prospects. Briefly, the primary motive why traders would think about storing treasured metals in a couple of worldwide location is threat mitigation.

There’s nothing like holding a gold coin in the palm of your hand. So it’s not surprising that many investors prefer to store precious metals at home or somewhere nearby. But is it worth the trouble? While I agree that having some precious metals stored safely at home may benefit you in the event of a major

Gold and silver have been recognized as valuable metals and were highly coveted by ancient civilizations. Precious metals still have their place in a savvy investor’s portfolio in modern times. But which precious metal is best for investment purposes? And more importantly, why are they so volatile? There are many ways to buy precious metals

Gold and silver have been recognized as valuable metals and have been coveted for a long time. Even today, precious metals have their place in a savvy investor’s portfolio. But which precious metal is best for investment purposes? And why are they so volatile? There are many ways to buy precious metals like gold, silver,

Precious metals are classified as commodities and can be traded via multiple security classes such as metal trading (spot trading), futures, options, funds, and exchanget-raded funds (ETFs). Across the globe, two of the most heavily traded and most popular commodities for investments—gold and silver—offer ample trading opportunities with high liquidity. As with any other tradable asset, arbitrage opportunities

Precious metals such as gold, silver, and platinum are valued by many investors as a hedge against inflation or a safe haven in times of economic turmoil. They also are valued for their rarity and their use in a broad range of industrial applications. Precious metals exchange-traded funds (ETFs) are a popular way to invest

SINGAPORE — Retail investors seeking to diversify into precious metals now have another option with the launch of the GSC Savings Accumulation Program for physical gold, silver and platinum in Singapore by GoldSilver Central, a Singapore-registered company that specialises in physical bullion trading. For as little as S$5 a day, investors can take part in

SINGAPORE (THE NEW PAPER) – Two years after the Great Financial Crisis, Mr Michael Tan (not his real name) took his life savings and converted 70 per cent of it into precious metals. As the world picked through the debris of the post-Lehman era, the 38-year-old liquidated several insurance policies so that he could buy

By Manolo Serapio Jr, Koustav Samanta * China markets yuan pricing to foreign exchanges * Singapore looking to bring London pricing to Asia SINGAPORE, Oct 17 (Reuters) – China is marketing its yuan gold price to foreign exchanges and Singapore is looking at bringing London’s gold benchmark to users in Asia, in moves meant to

SINGAPORE (Reuters) – Singapore will study the possibility of bringing the gold benchmark pricing in London to users in Asia, in a move that would also allow market participants in the world’s top consuming region to help set the price of bullion. A salesman displays a tray of gold bangles for the camera at a