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Fallout from US sanctions on Russia helped fuel 18 per cent leap in purchases last year
Precious metal has jumped 15% since early November
And gold’s surprising strength
Bullion can be traded more easily beyond US oversight than dollars
China and Russia have been large accumulators of the precious metal in 2022, analysts say
While the precious metal retains its age-old shine, its investment value is less obvious
With the pace of inflation expected to moderate next year, the metal is well-placed for a recovery
Chris Griffith says company needs new leadership ‘unencumbered’ by setback
HSBC was sole custodian of $52.5bn SPDR Gold Trust but it will now add JPMorgan vaults in Zurich and New York
Volatility in prices has taken the sheen off the metal as a safe-haven asset — though the rich still like their jewellery
Scrutiny of sustainable investing is increasing in the €100bn gold fund sector
Barrick chief says industry would go ‘out of business’ under gloomiest scenarios of how low the precious metal will go
Joint bid of $4.8bn from precious metals groups Pan American and Agnico Eagle trumps South African miner’s offer
Pair of miners try to outbid prior proposal from Gold Fields
Mandatory standards aim to boost jewellery exports and give consumers more confidence in the purity of gold they buy
Celebrity favourite jeweller even customises Rolexes
Bond investors tread a perilous path. Plus: can ‘K-pop’ deliver a global ETF hit; crypto inflows defy crash in values; tech stock falls test weighting risk
Some investors move into dollar-denominated assets as currency strengthens
As bullion rides high, rather than raise prices for clients, makers of bespoke pieces are switching to other precious metals and focusing on gemstones
South African miner says Canadian target at risk of being snapped up by rivals
Since March spot bullion prices have fallen 15% to around $1,700 an ounce
Rising interest rates and dollar strength weigh on precious metal
Redwheel urges South African miner to focus on existing operations rather than buying Canadian rival
Trading the complex asset class should be based on fundamentals rather than just as a mere reaction to inflation
South African group has agreed to buy Canadian miner for about $6.7bn in all-share deal.
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