World Gold Council says remaining IMF gold sales not likely 'disruptive'

Plans by the International Monetary Fund to sell 191,3 t of gold are not expected to be “disruptive” to markets, the World Gold Council commented on Thursday. The IMF said in September last year it had approved the sale of 403,3 t of the...

IMF may start gold sales in Q1 – VM

Unless another central bank steps in to buy what remains of the gold earmarked for sale by the International Monetary Fund (IMF), the fund will likely begin on-market gold sales in the first quarter of 2010, suggests VM Group analyst Matthew...

Pundits differ on fundamentals for gold

Although the general consensus on the prospects for gold was broadly positive at this weekend's Resource Investment Conference in Toronto, opinions did diverge on whether the current fundamentals for the metal support higher prices. On the one...

Medium-term gold outlook favourable, but bull run not guaranteed – GFMS

London-based metals consultancy GFMS said on Monday that while the price of gold would likely be favourable in the medium-term, the path to this may not be smooth, and may feature a brief dip in advance of longer-term strength. The recent spike...

Official gold sales head for lowest level since 1994 – GFMS

Net official sector 2009 gold sales were heading for their lowest level since 1994, precious metals consultancy GFMS said on Monday. Releasing its official-sector gold activity report, GFMS estimated that net official-sector gold sales in the...

Gold equities to outperform the metal in 2009 - Investec Asset Management

Gold equities were likely to significantly outperform the gold price in the second half of 2009, Investec Asset Management fund managers specialising in commodities and resources said on Wednesday. Speaking during an international conference...

World gold output will continue to fall – Barrick CEO

Global gold production from mines will continue to decline, as the gold industry battles maturing mines, a scarcity of new discoveries and longer permitting and construction times for new projects, the CEO of the world's biggest gold miner said on...

Gold mine supply may decline 1,3% this year - VM Group

World gold mine production is expected to decline by 1,3% this year, to 2 295 t, from an estimated 2 325 t in 2008, commodities researcher VM group said on Friday. In its latest edition of 'The Yellow Book', sponsored by Fortis Bank, VM predicts...

Gold mine production reaches its lowest level since 1995

Precious metals consultancy GFMS' second update of its ‘Gold Survey 2008' states that global gold mine production dropped substantially in 2008 to reach its lowest level since 1995.

Gold price could reach all-time high in 2009

Precious metals consultancy GFMS forecasts in the second update of its ‘Gold Survey 2008’ in January 2009 that the gold price could achieve an all-time high in 2009 as net investment surges.

GFMS says gold could scale new all-time high by end-June

Investment demand for gold will push prices for the yellow metal to a new historical high during the first half of this year, predicts precious metals consultancy GFMS. Several months of “rocketing” demand, mainly in Europe and North America,...

Gold hedging down 18% in first quarter of ‘08

Global gold hedging declined by a record 18%, or 4,8-million ounces in the first quarter of 2008, to a delta-adjusted 22-million ounces, compared with 26,8-million ounces in the previous quarter, commodities research consultancy VM Group...