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Chinese gold demand may rise 20% by 2017

LONDON: China's annual demand for gold could jump around 20% by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday.


Beijing should boost gold reserves to 5%, says World Gold Council

HONG KONG: China should increase its gold holdings to around 5% of its total foreign exchange reserves to help diversify currency risks, the World Gold Council (WGC) said.


Gold prices edge up on trade fears, rate cut hopes

BENGALURU: Gold prices edged higher on Thursday, hovering below the 15-week high hit in the previous session, supported by trade worries and a possible U.S. rate cut, even as some investors locked in profits in bullion after a recent rally.


Demand for gold rises amid global uncertainties

Affin Hwang says some countries have increased their gold holdings


London's streets no longer paved with gold as miners struggle

LONDON: Reports that AngloGold Ashanti Ltd is considering a London listing provide some festive cheer to a city that’s lost its way as a home for gold miners.


Gold rises as US political uncertainty breeds risk-aversion

BENGALURU: Gold prices climbed on Monday, holding ground near a six-month high hit last week, as investors remained concerned about political uncertainty in the United States and global economic slowdown.


Barrick Gold guys Randgold for US$6.5bil and creates world's biggest gold producer

LONDON: Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use


Borneo Aqua Harvest yields first gold dore bar in Tawau

KUALA LUMPUR: Borneo Aqua Harvest Bhd has successfully commissioned its gold processing plant and yielded its maiden gold dore bar from its mining project in Tawau, Sabah.


Asia gold buyers unimpressed by price dip; India shifts to premium

MUMBAI: Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices, while the yellow metal switched to a premium in India for the first time in over 1½ months due to a correction in local rates.