Articles related to shanghai
 
Bullion Vault
Spot Gold Halves Post-2014 Recovery vs. Euro Ahead of Fed, ECB, BoE Decisions as Middle East Tensions Worsen
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow's key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of gold bullion for immediate delivery has now halved the 16% gains for 2017 reached at early September's 12-month peak.
Tuesday, December 12, 2017
Alasdair Macleod - Finance and Eco.
Inflation v Deflation – State Finances
There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing
Friday, December 8, 2017
Bullion Vault
Gold Price Slips Near 'Significant Support' as World Warns Trump on Israel Embassy, Brexit Talks Stall
GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday's drop. Commodities fell as major government bond prices edged longer-term interest rates higher. "Gold should encounter significant support at $1269/67 and a rebound should follow once these levels are met,"
Tuesday, December 5, 2017
Ronan Manly - Bullion Star
Russia, China and BRICS: A New Gold Trading Network
One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia. In his speech, Shvetsov provided an update on an important development involving
Monday, December 4, 2017
Rory Hall - Sprott Money
BRICS Gold Trade Settlement To Begin in 2018? - Rory Hall
My guess is it will take Russia and China and the other BRICS nations most of 2018 to get all the nuances worked out and the gold trade settlement contracts will not actually come to the table until 2019 or possibly even 2020. We say this in light of what happened with the Shanghai Gold Exchange (SGE) bringing their gold settlement mechanism online back in April 2016. The SGE was supposed to bring this online in October 2015, but was unable to make it happen as they wished to avoid any m
Wednesday, November 29, 2017
Bullion Vault
Gold Prices Recover as India, China Premiums Rise But GLD Flat After Institutional Jump
GOLD PRICES recovered two-thirds of this week's earlier 1.3% drop against the Dollar on Wednesday, trading up to $1286 per ounce as Asian demand edged premiums in China and India higher, and world stock markets rose yet again. Government bond prices sat tight, keeping 10-year US Treasury yields unchanged at 2.36%, in the middle of the last month's range. Crypto-currency Bitcoin slipped 2.0% from
Wednesday, November 22, 2017
Bullion Vault
Gold Price Hits 5-Month Aussie High as No.2 Mine Output Forecast to Halve in 40 Years
GOLD PRICE gains of 0.5% from last Friday's finish held firm in London trade today as world stock markets recovered more of this week's drop and commodities also rallied after falling from their recent multi-year highs. Gold held at $1282, some $5 per ounce below Wednesday's attempt at 4-week highs versus the US Dollar. This week's drop in the Dollar's exchange rate against Euros and Yen edged g
Friday, November 17, 2017
Koos Jansen - Bullion Star
China Gold Import Jan-Sep 777t. Who’s Supplying
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of the yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be observed by Shanghai Gold Exchange (SGE) premiums – going up when the gold
Thursday, November 16, 2017
Bullion Vault
Comex Gold Sees 'Another Large Sell' as Bullish Silver Betting Grows to 7-Week High
COMEX GOLD contracts recovered a $5 drop against a weakening US Dollar in London lunchtime trade Tuesday, rising back to last week's finish at $1275 after what analysts called another "large sell" order on the futures market. Commodities retreated and bond prices edged higher as world stock markets fell again. Germany's Dax dropped for the fourth session running after the 19-nation Eurozone rele
Tuesday, November 14, 2017
Bullion Vault
Gold Prices Rally Near 3-Month Lows Amid Saudi Purge and Yemen Attack
GOLD PRICES rose in all major currencies outside a rallying British Pound on Monday, gaining as crude oil hit 2-year highs amid political turmoil and violence in the Middle East. Gold prices rallied back to $1272 per ounce as oil futures rose to their highest Dollar price since mid-2015, breaching $62 per barrel of Brent crude after the weekend's "purge" and detention by new crown prince Mohammed Bin Salman of numerous Saudi princes
Monday, November 6, 2017
Chris Powell - GATA
Hong Kong gold trade linked to Shenzhen; Dubai, Singapore, Myanmar next?
By Enoch Yiu South China Morning Post, Hong Kong Friday, November 3, 2017 http://www.scmp.com/business/commodities/article/2118346/900-kilos-gold-... Nine hundred kilos of gold, worth 300 billion yuan (US$38.45 billion) swapped hands on Friday evening in the first cross-border trading under the newly launched "Gold Connect," which links the gold markets of Hong Kong and Shenzhen. The first trades were made after a ceremony hosted by Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor and Haywoo
Friday, November 3, 2017
Bullion Vault
Gold Price 'Unmoved' by Catalonia, Down 7 Months in 12 as US Stocks Up in 11 Ahead of the Fed
GOLD PRICE gains of 0.9% overnight evaporated against a rising US Dollar in London on Wednesday ahead of the Federal Reserve's latest policy decision, widely-expected to leave interest rates and QE unchanged. Gold popped to 1-week highs at $1280 per ounce in Asian trade overnight as the Caixin PMI survey said Chinese manufacturing activity held near stall-speed in October. Bullion prices then re
Wednesday, November 1, 2017
Chris Powell - GATA
Gold market is moving from West to East, Shanghai exchange chief says
From Xinhua News Agency, Beijing Tuesday, October 31, 2017 SHANGHAI -- The Shanghai Gold exchange celebrated its 15th anniversary on Monday. The exchange started business on Oct. 30, 2002, and the last 15 years have been a journey of the opening up of China's gold market, the exchange said in a statement. In 2007 China became the world's largest gold producer, replacing South Africa, it said. According to the China Gold Association, China produced 453 tonnes of gold and bought 975 tonnes in 2016
Tuesday, October 31, 2017
Bullion Vault
Gold Bullion Sets Lowest Friday Finish Since August as Dollar Gains on US GDP Data
GOLD BULLION headed for its lowest weekly close since the start of August today, losing over 1% against the rising Dollar from last Friday's finish as world stock markets rose yet again. After Thursday's latest data showed the US trade deficit, jobless benefit claims and pending home-sales all worsening, GDP figures for July to September showed economic growth slipping from 3.1% per year to 3.0% annualized, beating analysts' forecasts of 2.5%.
Friday, October 27, 2017
Bullion Vault
Abenomics' Landslide Win Dents Japanese Yen, Gold Prices Drop to $1275 'Support'
GOLD PRICES fell to 2-week lows against a rising US Dollar on Monday as world stock markets pushed upwards from new record closing highs after the ruling government in Japan won its 'snap' election with a landslide. The Japanese Yen sank to a 3-month low versus the Dollar, and Tokyo shares hit 21-year highs, after prime minister Shinzo Abe's decisive victory for his so-called Abenomics policies now "clears the way" for
Monday, October 23, 2017
Chris Powell - GATA
Koos Jansen: The gold-backed oil-yuan futures contract myth
Gold researcher and Chinese gold market expert Koos Jansen today argues that the Nikkei Asian Review's September 1 report asserting that China is planning an oil futures contract somehow "backed" by gold -- https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... -- is full of holes. Jansen writes: "China hasn't announced anything but an oil-yuan futures contract. Gold has nothing to do with it. "Yuan can technically be spent on gold at the Shanghai Gold Exchange but gold in
Wednesday, October 18, 2017
Mike Maloney - Goldsilver
The GAME CHANGER for Gold
Mike responds to questions about Jeff Clark’s recent story on Chinese oil imports being priced not in dollars, but yuan. And how they're convertibility into gold on the Shanghai futures exchange creates a new and large source of gold demand.
Tuesday, October 17, 2017
Koos Jansen - Bullion Star
  The Gold-Backed-Oil-Yuan Futures Contract Myth
On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry”. Not long after the Nikkei piece was released ‘the story’ was widely copied in sensational analyses throughout t
Monday, October 16, 2017
Alasdair Macleod - Finance and Eco.
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal to
Sunday, October 15, 2017
Przemyslaw Radomski CFA - SunshineProfits
Tokenization of Gold
The Blockchain technology enables tokenization of gold. What does it mean for the precious metals market? Usually, investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating some synergies. For example, there is OneGram, which is a sharia-compliant cryptocurrency backed by gold. It means that each token is backed
Friday, October 13, 2017
12345678910...