BullionVault, the claimed world’s largest online marketplace for physical precious metals, has said that volumes of gold traded are down 31.5% in October on the average over the previous 12 months, amid data from Google Trends showing that the number of internet searches for ‘buy Bitcoin’ have overtaken ‘buy gold’ – having overtaken ‘buy silver’ […]
Randgold Resources (RRS) and Fresnillo (FRES) are both top of the FTSE100 this morning, helped by a slightly more dovish Fed update than expected last night (cautiously hawkish?) which served to weaken the dollar to the benefit of the precious metals and their miners. The US central bank last night maintained that its first rate […]
By Stephan Mueller, precious metal expert at GAM The political tinderbox of the recent ECB intervention in favour of Greece has been viewed by investors with great concern and has pushed up real assets such as metals. By approving the increase in ELA (Emergency Liquidity Assistance) lending, the ECB has effectively encroached upon the rescue […]
Absa Capital has launched five exchange-traded notes (ETNs) on the Johannesburg Stock Exchange providing investors with exposure to precious metals and currencies.