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Gold's bulls and bears have plenty to chew over in New Year

By: Bloomberg     29th December 2017 It is not just politics that’s polarised right now. Gold investors are also split down the middle. A Bloomberg survey of 38 market professionals shows a $700 divide between the most optimistic and most pessimistic forecasts for prices next year. That leaves the median estimate of $1 290/oz at... 

Finance titans face off over $5tn London gold market

By: Bloomberg     14th December 2016 Some of the biggest names in finance are fighting for control of the London gold market – a $5 trillion, three-century-old trading hub that is being forced to adapt to a digital e. As the London Bullion Market Association revamps over-the-counter trades that are the market’s major pricing... 

Gold beaten down as Fed’s rate-hike countdown enters final hours

By: Bloomberg     14th December 2016 Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... 

DiamondCorp appoints new chair to oversee Lace sale

By: Megan van Wyngaardt     27th October 2016 Embattled diamond developer DiamondCorp on Monday confirmed that Chris Ellis has joined its board as nonexecutive chairperson, with immediate effect. Ellis’s appointment would be on an interim basis, with his key responsibility being overseeing the formal sales process of DiamondCorp's Free... 

Hedge funds bail on copper as Goldman sees ‘supply storm’

By: Bloomberg     29th August 2016 Copper is stuck in a rut. While other metals have shined in 2016, copper has struggled to gain traction and last week erased its gains for the year. Demand in China, the world’s biggest user, is slowing just as Goldman Sachs Group predicts a “ supply storm” will hit the market and drag prices... 

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