India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.
For the month of February 2012 to date, the US Mint has recorded sales of 835,000 of the one ounce American Silver Eagle bullion coins.
HSBC's plans, according to Gulliver, are either to lift its holding in Bank of Communications, one of China's big five banks, from 20 percent if given regulatory approval or increase its mainland China branch network from 110 to about 800.
As part of the mandate, a portion of the middle office operations within Credit Suisse's Asset Management division will be fully transitioned onto Citi's service platform, which includes operations, technology and data management capabilities.
Colombia’s gold deposits have attracted investment from Batista and AngloGold Ashanti Ltd, the third largest producer of the metal, after record prices and improved security following a government crackdown on drug-funded rebels.
It was flat at midday at 35 yuan (US$5.60), with 30,000 units exchanging hands. Each board lot of the ETF is 100 units.
And fund sales in the current registered retirement savings plan (RRSP) season are not as buoyant as early 2011 because investors are still jittery due to last year’s stock market volatility, IGM Financial executives told analysts on Friday.
De Beers produces more than a third of the world's rough diamonds from mines in South Africa, Botswana, Namibia and Canada
In early January, Steel slashed his 2012 forecast to $1,850 an ounce from its previous target of $2,025 after gold prices briefly entered a bear market in December.
Values of houses and apartments costing an average of 3.7 million pounds ($5.8 million) rose by an average of 0.9 percent from the previous month, the London-based broker said in a report today. Prices advanced almost 12 percent from a year earlier.
Mr. Keitel believes that equity markets are further trending in positive direction due to improved global macroeconomic conditions, stabilizing policy measures taken in Europe, and the European Central Bank’s strong liquidity support for Eurozone ba