Today the FOMC minutes came out for June.  The gold price bounced briefly before retreating.  Clearly it scares all market participants if the word ‘tapering’ gets mentioned.  The bottom line is that most Fed members were still in favor of continuing with QE because the job market continues to be weak.   When Bernanke was interviewed about the effects of QE, he was asked why... read more

I had the opportunity yesterday to reconnect withBron Suchecki, head of analysis and strategy at The Perth Mint Australia. It was a brief but fascinating interview, as The Perth Mint refines 10% of world gold production and stores over $2 billion dollars worth of va... read more

Fed Put Reiterated, Credibility Gone Again Overall, it was a quiet trading day until the 2 pm release of the June 19th FOMC minutes. The release prompted instantaneous sharp moves in several assets that quickly reversed. June 19th was a press conference meeting. Could anyone really divine anything from 6 week old minutes considering the Chairman clearly shared the FOMC view... read more

Rush to get physical gold to meet demand for coins, bars * Speculators borrow gold to initiate short position, carry trade By Frank Tang NEW YORK, July 9 (Reuters) - The cost of borrowing gold surged on Tuesday to the highest level since January 2009, reflecting dwindling supplies from bullion  read more

There is an old Arabic saying that "gold is both for decoration and storing." Currently, Iraqis, particularly residents of the Kurdistan Region of Iraq, are taking these words to heart. In the absence of a trustworthy banking system, they are converting their money into g... read more

Dollar dips from 3-year high against basket ofcurrencies * China's June trade data disappoints, outlook grim * Coming up: Fed June meeting minutes at 1800 GMT (Updates prices, adds comment) By Clara Denina LONDON, July 10 (Reuters) - Gold rose for a third consecutive session on... read more

As of last Friday, gold has now fallen as much 35.4% (based on London PM fix prices) over 96 weeks. But if you're like us, you still recognize that the core reasons for investing in gold haven't changed. People who sold their gold recently made a shortsighted decision. Before too long precious metals will rebound—and probably in a big way. But when? Does history have any clues about how lo... read more

When it comes to changing the "measurement" rules in the middle of the game, nobody does it quite like Japan: in the aftermath of the Fukushima nuclear explosion, when radiation was soaring (and still is with Tritium levels just hitting a record high but who cares - Gol... read more

Japan's biggest bullion-backed exchange-traded fund expanded 10 percent this year by volume, bucking a global trend as lower prices and the yen’s weakness spurred buying as a hedge against inflation. Bullion held by the ETF exceeded 6 metric tons on July 5, nearing a record reached in October, said Osamu Hoshi, general manager at Mitsubishi UFJ Trust and Banking Corp., which introduced the... read more