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Bullion Index – Precious Metals

Tag: store of value

  • Gold Miners Benefit from Surge in Shares Amid Rising Bullion Price

    Gold Miners Benefit from Surge in Shares Amid Rising Bullion Price

    Gold miners are experiencing a surge in their shares as the price of bullion is on track for its most significant increase since October 2023. The value of spot gold has risen by 3.4% to $3,085.50 per ounce, driven by a surge in safe-haven investments amidst escalating trade tensions between the United States and China.…

  • Turkey Authorizes Banks to Trade Palladium as Precious Metal Amid Global Trend

    Turkey has officially recognized palladium as a precious metal, authorizing banks in the country to engage in various trading and financial activities involving this valuable commodity. The Treasury and Finance Ministry’s decision allows banks to open palladium deposit accounts, issue loans backed by palladium, and obtain precious metal loans using palladium as collateral. This move…