Gold soars to record highs amid surging Chinese demand and renewed investor interest
As gold breaks free from its four-year range, reaching record highs at $2,195 per ounce, China’s role in diversifying reserves adds intrigue.
As gold breaks free from its four-year range, reaching record highs at $2,195 per ounce, China’s role in diversifying reserves adds intrigue.
Gold touched an all-time high of $2,141.79 per ounce, fueled by fund buying and speculation surrounding a potential Federal Reserve pivot.
The Old Mutual Unit Trusts this week elected to keep their Gold Fund open after putting their investors through a stressful ballot exercise.
Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed.
While Toronto, Johannesburg and Sydney have long hosted the biggest producers, London vies with New York as the world’s premier gold trading hub.
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.
South Africa’s 130-year-old gold industry – which has produced half the bullion ever mined on earth – is locked in the final stages of a decades-long death spiral.
Gold fundi David Melvill has applied the same principle to his passion, and created the chappies of gold. A fun read for those with an interest in the yellow metal.
Automation and tech can help boost SA’s gold production levels, especially as the country still has the third largest reserves in the world, say experts.
What is the case for gold, and should you include it or mining companies in your portfolio? Investec’s Brian Kantor goes digging and his outcomes may surprise.