Indian money manager Benchmark Asset Management aims to grow client base in its gold exchange traded fund by more than 50 percent as it lures investors hurt by a sharp dip in their stock portfolios. For full story, click here
Indian money manager Benchmark Asset Management aims to grow client base in its gold exchange traded fund by more than 50 percent as it lures investors hurt by a sharp dip in their stock portfolios. Rajan Mehta, executive director, stated: We feel awareness has reached its critical stage, and the growth would be faster now. [...]
Gold for June delivery GCM9 up $3.00 at $916.50 an ounce at 9:36 a.m. EDT on the COMEX division of the New York Mercantile Exchange. For full story, click here
Overview Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata [...]
The world’s leading gold-backed exchange-traded fund, the SPDR Gold Trust GLD, declared holdings stood at 1,104.09 tonnes as of May 8, unchanged from the previous day. For full story, click here
Russia’s second-largest gold producer Peter Hambro Mining Plc. declared that it has bought $40 million of its gold exchangeable bonds due 2012, leaving $53 million of the bonds outstanding. For full story, click here
Lihir Gold Ltd., the second-leading gold mining company on the Australian Stock Exchange, declared record output for a third straight quarter after adding new mines in Australia and Africa. For full story, click here
Gold collection under India’s five exchange-traded funds surged by 27.5 per cent on year to 5.02 tonnes in March, data collected from fund houses showed. Arvind Chari, a fund manager at Quantum Mutual Fund, which offers a gold ETF, stated: This growth is reflective of the fact that more investors are investing in gold and [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
SBI Mutual Funds, the joint venture between State Bank of India and Societe General AMC of France, is targeting to mop up funds from its new SBI Gold Exchange Traded Scheme. SBI MF Chief Investment Officer, Mr Navneet Munot, stated: Given the uncertainty in the global economic environment, gold as an asset class offers an [...]
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