SINGAPORE, Jan 27 (Reuters) – The Netherlands raised its
gold holdings for the first time in 16 years in December, while
Russia extended its buying spree of the precious metal to a
ninth straight month, data from the International Monetary Fund
showed on Tuesday.
The Netherlands, with the ninth-biggest gold reserves,
raised its holdings by 9.61 tonnes to 622.08 tonnes last month,
the first increase since December, 1998. The Dutch central
bank’s holdings have been unchanged since late 2008.
SINGAPORE (Reuters) – Gold fell for a third straight session on Tuesday, with profit taking driving it further off five year highs as its safe haven appeal diminished with equity markets strengthening and the U.S. dollar at an 11-year peak against a basket of major currencies.
Spot gold eased 0.2 percent to $1,278.41 an ounce by 0344 GMT. The metal fell 1.6 percent in the previous two sessions, after hitting a five-month high of $1,306.20 on Thursday.
Netherlands added to its gold reserves for the first time in 16 years. It bought nearly 10 tonnes in Dec to bring total to 622 tonnes
IMF data on December gold reserves in: Russia raises gold holdings for a ninth straight month to 1,208 tonnes
SINGAPORE (Reuters) – Gold climbed towards a five-month high on Monday as an electoral win by Greece’s anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion.
Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis.
CME’s Hong Kong gold kilobar contract started trading today. Prices at a premium of $2-$3 an ounce
SINGAPORE (Reuters) – Gold held below a five-month high on Thursday, hurt by profit-taking ahead of the European Central Bank’s decision on stimulus measures, and strength in Asian equities that dented the metal’s safe-haven appeal.
Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing – printing money to purchase sovereign bonds – resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation.