Tag: gold bullion
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Gold Bullion Prices Soar Amid Global Economic Uncertainty
Gold bullion prices have surged significantly amidst escalating global economic uncertainty. The current economic landscape, characterized by market volatility and geopolitical tensions, has driven investors towards the traditional safe-haven asset of gold bullion. Historically, gold has been a go-to investment during times of economic instability. Its intrinsic value and status as a hedge against inflation…
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Gold Bullion Prices Soar Amidst Tariff Uncertainty
Gold Bullion Prices Surge Amid Tariff Uncertainty In the midst of President Trump’s tariff turmoil, the financial landscape is experiencing significant ripples. The recent volatility in the stock markets, culminating in the worst quarter in years, has prompted a surge in gold prices to unprecedented levels. Investors, seeking refuge amidst the uncertainty, have turned to…
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Hong Kong Customs Seize HK$110m Gold Bars in Air Cargo
Hong Kong Customs made a significant discovery at Hong Kong International Airport, seizing approximately 145 kilograms of suspected gold bars valued at around HK$110 million in an air cargo destined for Japan. This operation marks a record-breaking bust in terms of both volume and market worth. The gold bars were ingeniously concealed within the cargo,…
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Gold Bullion Discounts at Bank of England Amid Tariff Turmoil
Amid concerns over potential tariffs initiated by President Donald Trump, gold dealers are offering Bank of England (BOE) bullion at discounted prices, signaling a significant deviation from the standard market rates. The BOE, known for its substantial gold reserves valued at over $450 billion, is witnessing unprecedented queues for gold withdrawals as traders rush to…
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3 ASX Gold ETFs: Investing in Precious Metal Made Easy
Investing in gold has become a captivating venture in recent times, with the surge in gold prices and the performance of gold exchange-traded funds (ETFs) on the ASX catching the attention of investors. The price of gold has experienced a remarkable increase over the past two years, with the value of an ounce of gold…
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Former Director Grilled Over $5m Gold Bullion Purchase in Pub Group’s Collapse
In the recent legal proceedings following the collapse of the hospitality conglomerate Virtical, a former director faced intense scrutiny over a perplexing transaction involving the acquisition of $5 million worth of gold bullion. Liquidators delving into the group’s financial affairs are in pursuit of substantial sums, allegedly linked to fraudulent GST refunds claimed by the…
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UK Gold Shortage: London Traders Redirect Bullion to New York
Amidst the repercussions of Donald Trump’s new global trade tariffs, the United Kingdom finds itself grappling with a significant gold shortage, prompting London traders to divert bullion to the United States, particularly New York. Reports indicate that approximately $134 billion has been shifted from the Bank of England to New York, leading to shortages within…
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Gold Bullion Surpasses $3,000/oz Record High, Miners Benefit
Gold bullion has reached a historic milestone, surpassing the $3,000 per ounce mark, leading to a surge in the shares of gold miners. The price of spot gold rose above $3,000 per ounce, hitting a record high and peaking at $3,004.86 per ounce. This surge in value is attributed to uncertainties surrounding U.S. tariffs on…