Tag: precious metals
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A-Mark Precious Metals Declares Dividend and Acquires AMS Holding
A-Mark Precious Metals, a renowned player in the precious metals industry, recently made significant announcements. The company declared a quarterly cash dividend of $0.20 per share, highlighting its commitment to shareholder value. This move, part of its ongoing dividend program, is set to benefit stockholders of record as of April 15, 2025, with the payment…
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Gold and Silver Prices Surge in Indian Bullion Market Amid Market Conditions
Recent reports from the Indian Bullion Market show a significant surge in gold and silver prices. The price of 24 Karat gold has surpassed 97,000 rupees per 10 grams, marking a 1.9 percent increase, while Silver 999 Fine is trading over 1.4 percent higher at 96,820 rupees per kilogram. Garden Of Arts 1 Pieces Metal…
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Rhodium Price Surges Over $20,000, Investors Face Challenges
The price of rhodium has surged to over $20,000 an ounce due to supply disruptions caused by the COVID-19 pandemic. This metal, part of the platinum group metals, has seen a remarkable 400% price increase in the past year alone. Its importance lies in various industrial applications, such as specialty optical instruments, electronics, and catalytic…
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Costco Introduces Platinum Bars to Diversify Precious Metals Portfolio
Costco has recently broadened its range of precious metal offerings by introducing one-ounce platinum bars to complement its popular gold bars. These platinum bars, manufactured by Swiss refiner PAMP, are priced at $1,089.99 and are restricted to one per Costco member. Although exclusively available online, delivery to certain American regions like Louisiana, Nevada, or Puerto…
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Gold Surges to Record Highs Above $3300 Amid Dollar Decline
Gold prices soared to new all-time highs, surpassing $3300 per Troy ounce in London’s bullion market, driven by a weakening Dollar and escalating US-China trade tensions. The Dollar’s decline and global stock market volatility coincided with gold’s 8.5% surge in a week, marking a 22.0% increase since Donald Trump’s second inauguration. CHOW SANG SANG 999.9…
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Rhodium’s Scarcity and Investment Challenges Amid Auto Industry Demand
Rhodium, a rare and valuable metal, plays a crucial role in various industries, particularly the global auto sector. As part of the platinum group metals, rhodium is essential for catalytic converters in automobiles, converting harmful gases into less toxic substances. With over 80% of rhodium demand stemming from autocatalyst manufacturing, the metal’s scarcity and limited…
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Gold and Copper Prices Surge Despite Challenges, Offering Investment Opportunities
Spot gold has shown a strong performance despite facing headwinds like a strong US dollar and positive real yields. Factors such as central bank buying and geopolitical tensions have been driving demand for gold. The metal’s price surge began in October, fueled by market sentiment predicting rate cuts by the Fed. Why Gold? Why Now?:…
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Man Arrested in $1M Silver Bullion Heist, Urgent Appeal for Information
Maclean John Fittler, a 40-year-old man, was arrested at a property in Wee Jasper in connection to the alleged theft of $1 million worth of silver bullion in 2021. Fittler was refused bail and charged with larceny and armed intent to commit an indictable offense. TEN One Gram .999 pure Silver Bars with random designs…
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Perth Mint Unveils Fourth-Year Wombat Silver Bullion Coin Collection
The Perth Mint in Australia recently unveiled its latest addition to the silver bullion coin collection, featuring the beloved wombat. These coins, now in their fourth year of release, have gained popularity among collectors and investors. Wombats, native to Australia, are unique creatures known for their burrowing abilities and herbivorous diet. They belong to the…
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Costco Expands Precious Metal Offerings with Platinum Bars Amid Investor Demand
Costco has ventured into the sale of platinum bars following the success of its gold bars. The company has introduced 1-ounce Swiss-made platinum bars priced at $1,089.99 (A$1,587.93) on its website, expanding its range of precious metal offerings alongside gold bars and silver coins. The availability of gold bars on Costco’s website began in August…