Articles Tagged "gold market news"

New Fund to Facilitate Central Bank Gold Buying

Gold – Xinhuanet reported that a gold sector fund was set up this past weekend during an investment and trade forum in Xi'an, China. The fund will be led by the Shanghai Gold Exchange (SGE) and is expected to raise US$16.1 billion over three phases.

Production Down in First Quarter for Gold, Copper and Iron Ore

Gold – SNL Financial reported that there has been a significant fall in quarter-on-quarter production for gold, copper and iron ore, based on companies who have already released their data.