Gold seen averaging $1 457/oz in 2010 – LBMA survey

The average gold price this year may be 19% higher than in 2010, according to experts surveyed by the London Bullion Metals Association (LBMA). The average gold price forecast was $1 457/oz, the LBMA said on Friday.

Ross Norman revives Sharps Pixley gold business

Gold entrepreneur Ross Norman has re-established Sharps Pixley to sell gold bars and coins to the UK public. Norman, who is one of the original founders of precious metals website TheBullionDesk.com, said that the company is excited by the...

Gold to rise almost 30% in 2010 on investment demand

Spot gold is expected to average $1 236/oz in 2010, up 27% on the 2009 average of $972/oz, as continued strong investment demand will more than offset lower jewellery sales, says the London-based association of banks, fabricators, refiners,...

Will gold-underpinning investment demand continue?

World investment demand for gold jumped from 885 t at the end of 2008 to 1 820 t at the end of 2009, accounting for a year-on-year gain of 105%. The yellow metal, which is generally seen as a safe haven investment, has been luring investors...

Will gold-underpinning investment demand continue?

World investment demand for gold has jumped from 885 t at the end of 2008 to 1 820 t at the end of 2009, accounting for a year-on-year gain of 105%. The yellow metal, which is generally seen as a safe-haven investment, has been luring investors...

Gold, platinum hit record highs on oil, dollar

Gold and platinum set historic highs in a choppy trade on Thursday, with strong oil prices, a struggling dollar and supply worries boosting investor interest. Silver hit a 27-year high above $18 an ounce, a spike of 22 percent this year, while...

Platinum sets record above $2 100 on tight supply

Platinum set a record high for the 13th straight session on Monday on lingering power problems in top producer South Africa that have hit mining and widened the gap between demand and supply. The metal, mainly used in autocatalysts and jewellery,...

Platinum powers to record high of $1 850, gold up

Platinum spiked to a new historic high for the sixth trading day on Thursday, as investors flocked in to snap up the metal on deepening concerns over supply from top producer South Africa.

‘Mini’ metals contracts improve online trading accessibility

Online base-metals market information provider BaseMetals.com on Tuesday announced it had improved its data feed, with the inclusion of the new metals contracts launched by the London Metal Exchange and NYMEX.

Gold bulls dominate in survey of 30 commentators

It is almost as if the bells that toll 'Auld Lang Syne' also bring commentators out in force to predict precious metals prices. In a comprehensive report, LBMA brings together 30 contributors that give their estimates on the high, low and average...

Platinum prices surges on AngloPlat news

The price of platinum, a precious metal used to curb exhaust fumes from motor vehicles, hit its highest level since 1980 in London on Thursday, as Anglo American Platinum, the world's largest producer, cut its 2004 and 2005 production targets more...

Feared Angloplat shortfall rattles platinum market

South Africa's Anglo American Platinum (Angloplat) is not likely to hit its 50% expansion target, analysts said on Friday, but some shrugged off market worries of big shortfalls as overblown.