Articles Tagged "spot gold price"

Gold Price Set To Retest $910 An Ounce

By Kishori Krishnan Exclusive To Gold Investing News Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests.  The tests may signal whether 19 top financial firms [...]

Gold Jumps, Reaches Record Highs

By Kishori Krishnan Exclusive to Gold Investing News Bullion’s strength is being tested – this time round it is not just against the U.S. dollar, but also currencies across the board. As volatile currency markets and solid investment demand spur bullion buying, spot gold price ounce rose as high as $902.50, the loftiest price ever [...]

AngloGold Ashanti market update

AngloGold Ashanti reports that it has made substantial progress ahead of schedule in the reduction of its hedge book. The company capitalised on a weaker gold market during the second quarter in order to execute a combination of delivery into and early settlement of non-hedge derivative contracts. The number of committed ounces was reduced by 4.4 [...]

AngloGold Ashanti cuts forward sales by 39 percent

Bloomberg reports the world’s third-biggest gold producer, AngloGold Ashanti cut its forward sales contracts by 39 percent in the first half to benefit from high prices for the metal. AngloGold made “progress ahead of schedule in the reduction of its hedge book, to benefit from improved participation in the spot gold price earlier than anticipated,” the Johannesburg-based company [...]