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Gold hits 6-week high, platinum up on S.Africa strikes

Gold climbed to its highest in nearly six weeks on Monday as a dip in equities lifted the metal's safe-haven appeal and improved investor confidence.

Business

Gold smuggling in India to accelerate if import curbs stay

MUMBAI/SINGAPORE: Gold demand in India is expected to be robust in 2014, likely leading to a further jump in smuggling if curbs on bullion imports remain, the World Gold Council (WGC) said.

Business

Global gold demand seen rising to four-year high

LONDON: Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewellers offsets a fall in purchases by central banks, an industry report said on Monday.

Business

After years in doldrums, gold miners are finally hot again

LONDON: After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.

Business

China’s gold mystery: Is it still boosting reserves?

SINGAPORE: The case for China raising its gold holdings seems compelling.

Business

Australia’s new gold rush lures prospectors Down Under

SYDNEY: Canada-based Kirkland Lake Gold has listed its shares on the Australia bourse after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush.

Business

Shandong Gold is top bidder for US$2bil Glencore mine

LONDON: China’s Shandong Gold Mining Co has emerged as the lead bidder for Glencore Plc’s gold mine in Kazakhstan, which may fetch about US$2bil in a sale, according to people familiar with the matter.

Business

Australian gold output slips 2% as miners dig lower grade ore

SYDNEY: Gold output in Australia, the world’s second biggest producer, slipped 2% in the first quarter, due in part to mining of lesser grade ores during a period of higher bullion prices, a survey released on Sunday showed.

Business

Gold hits 4-week low

Gold fell more than 1% to its lowest level in four weeks on Thursday, as hope grew that a US strike on Syria could be avoided and on expectations the US Federal Reserve would start to unwind its monetary stimulus soon.

Business

Gold price to lose more gloss in 2014

LONDON: Gold prices are likely to contract further in 2014, after tumbling for the first time in more than a decade this year with the case for bullion undone by confidence in a stabilising global economy, a metals consultancy said on Thursday.