According to new data compiled by the World Gold Council, Central banks’ appetite for gold remained strong in July. In total, the world’s central banks added a net 37 tons of gold to their reserves, bringing total...
Melbourne-Gold-Company
Can the gold price outperform persistent inflation?
The spot gold price has fallen 2.9% since August 15th, from US$1815.50 per ounce to US$1,761.10 per ounce. The Australian Stock Exchange reports that the gold price has an impact on the shares of Evolution Mining Ltd...
Australia may be at the cusp of a new gold rush
After a three-decade hiatus, the Australian gold rush era returns to Mount Freda located near Cloncurry. Australia has the world’s second largest gold industry, accounting for about 10% of global gold...
Australia’s gold production is increasing
According to the Melbourne-based gold miner, Surbiton Associates, gold production in Australia increased by 7t in the last quarter of the year. Production for the quarter of June 2022 was 83t, a 9% increase on the...
Australia’s top five gold mining companies
With Australia estimated to have the world’s largest gold reserves, it’s no surprise that the country is home to some of the world’s largest mining companies involved in the metal’s extraction...
Why gold fell below pandemic levels
Inflation is rising, so why not the price of gold? Gold prices fell to post-pandemic lows. So why is gold, the traditional hedge against inflation, falling in value? Many investors in the Australian share market may be...
Ukraine sells its gold to get money for goods
Gold was popular during wars. It is a known fact that many wars are financed by governments selling their gold suppliers. Many people have been thinking about buying more gold in Russia for a while. A few months ago...
The Central Bank of Zimbabwe offers gold coins
The Zimbabwean Reserve Bank plans to produce gold coins so that the country’s investors can have a store of value to counter the effects of easing inflation through the economy. The United States is not the only...
PRECIOUS METALS RANGES – Trade Date: July 4th
COMMENTS / HIGHLIGHTS: After some respectable bounces across the precious metals complex on Tuesday which had resulted from booksquaring ahead of the Independence Day holiday in the US on Wednesday, yesterday’s activity...
The Forces Behind The Stability Of The Gold Market
As many people know gold sets the standard for currency value across the globe. Often the price of this commodity is spoken about in U.S. dollars and the value of it will fluctuate with market conditions. The forces...