Great Britain was the first country to adopt the gold standard, when the Master of Mint, Sir Isaac Newton, established a fixed price for gold in 1717. But until the big discoveries of gold in the last half of the nineteenth century — starting in California in 1848 and later in Australia...
$2,670 having pulled back slightly better than expected US consumer data. This morning December gold futures hit $2,708. And to think that just three weeks ago Goldman Sachs were saying we might see $2,700 gold next year. Silver continues to delight, reaching the highest price level […...
ExchangePairPrice24h volumeVolume %Updated #ExchangePairPrice24h volumeVolume %Updated UpbitBTG/KRW$23.57$11.85M138.44%5 minutes ago BithumbBTG/KRW$23.56$2.22M25.92%5 minutes ago BybitBTG/USDT$23.19$46.57K0.54%2 minutes ago Gate.ioBTG/USDT$23.12$45.24K0.53%2 minutes ago ...
RequirementProducer of gold wishes to hedge against fall in thegold priceover the next three years, and prefers to sacrifice some of the upside if the gold price rises, in order to avoid paying an up-front premium. The production volume to be hedged is 100,000 ounces per year (approx 90...
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The gold price is determined in a Casino with massive leverage and has nothing to do with the real price of physical gold. More about that later in the article.
There has been a tug of war between these entities, though you can see open interest is generally higher now than it was three years ago, which corresponds to the rising price during that time period. This data usually isn’t predictive except at extreme readings. ...
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which means their profits can swing wildly from year to year. Many mining companies adopted aggressive hedging strategies to smooth out their earnings. However, when the price of gold began skyrocketing several years ago, many gold companies began taking off their hedges. Gold miners have generally...
A few weeks ago economists were convinced the global economy was powering ahead. Now they predict a deep recession is on the way – as a domino effect of the collapse of several prominent banks from Silicon Valley Bank to Signature Bank as well as the disorderly implosion of Credit Suisse. ...