WEALTH
Resources
Principal content
Editorial: Bullion quest is no golden opportunity
Gold purchases do nothing to change the monstrous growth of reserves in surplus nations, particularly in Asia, which means they also do nothing to address the global macroeconomic imbalances that leaders profess to worry about
Sri Lanka follows Indian move to buy gold
The Sri Lankan central bank is buying gold to diversify its reserves and smooth out periods of dollar volatility
New Delhi puts hallmark on return to gold
For the past 20 years central banks have been in the grip of anti-gold sentiment. Today the picture looks decidedly different: sales in Europe have slowed to a crawl and Asian banks have started swapping their dollars for gold
Opinion: Paranoid theories cannot take the shine off gold
The goldbugs’ resolute disbelief in the value of official currencies is influencing mainstream market opinion, writes John Dizard
Investors cling to gold as prices surge
The cost of the precious metal hits a record high as investors bet that trading momentum would push the precious metal still higher
US natural gas prices fall as stockpiles rise
US natural gas prices declined on Thursday after the latest addition to plentiful stockpiles, tempering a strong rally that had lifted futures 60 per cent in two weeks
Eritrea readies first goldmine
One of the most closed corners of Africa, has said its first goldmine will begin production next year as the impoverished country races to develop its mining industry
Gold demand drops to 5½-year low
Demand for gold sank in the second quarter after jewellery consumption dropped by more than a fifth and investment interest slowed as the threat of meltdown in the global financial system receded
Randgold share placing furthers Moto ambition
The west African miner is to place 5m new American Depositary shares, which will raise about $330m to help fund two new gold projects and support its joint acquisition of Moto Goldmines
India gold dealers tap domestic stocks
Indians are set to begin trading on the new bullion market in a move likely to mobilise the thousands of tonnes of the precious metal hidden under beds as savings






