Bullion could rise to $1 360/oz within three months before climbing higher, fuelled by global political risks and buying from China and India, said Evgeny Ananiev at VTB Capital JSC, the investment-banking unit of Russia’s second-largest lender VTB Group. “We may see some correction, but I don’t think gold will drop below $1 200 as it’s well supported,” he said in a weekend interview in Goa. ... Russian VTB: gold demand might make a recovery
David McHutchon | August 14, 2017
Bullion could rise to $1 360/oz within three months before climbing higher, fuelled by global political risks and buying from China and India, said Evgeny Ananiev at VTB Capital JSC, the investment-banking unit of Russia’s second-largest lender VTB Group. “We may see some correction, but I don’t think gold will drop below $1 200 as it’s well supported,” he said in a weekend interview in Goa. ... 
La Escondida, an underground coal mine located in the Spaniard town of Caboalles de Arriba, was shut down on Friday. It was the last project of its type located in the Castilla and León region, mining.com noted. According to local media, owner Hijos de Baldomero García decided to close the 60-year-old mine because no power company ... 
Miner and commodities trader Glencore (LON:GLEN) raised its revenue and profit outlook for the year on Thursday with the Swiss company citing the fast-growing electric vehicle market as a key driver, said mining.com. “Most automotive players are now accelerating investment in/adoption of electric vehicle technologies, reflecting, in part, increasingly aggressive Government mandates around emission targets. Growth ... 
The growing market for electric vehicles (EVs) will significantly impact demand for copper over the next decade, said mining.com with reference to new research commissioned by the International Copper Association(ICA). The study—Copper Intensity in the Electrification of Transport and the Integration of Energy Storage—was conducted by IDTechEx and provides new insight into copper’s essential role ... 
Image: kommersant.ru Palladium has been consistently one of the better-performing precious metals on the market, sometimes achieving higher price growth than gold and platinum. Its market price is on the rise again, but given its substantial reliance on the diesel car sector and the rise of electric vehicles and other disruptive technologies, could the value ... 
Image: i.imgur.com Global gold demand in Q1 2017 was 1,034.5t. The 18% year-on-year decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter. Inflows into ETFs of 109.1t, although solid, were nonetheless a fraction of last year’s near-record inflows. Slower central bank demand also contributed to the weakness. Bar and coin ... 
Image: inzoloto.ru World Gold Council published its report “Gold Demand Trends”. A four-year high in investment drove price gains and demand growth. 2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t. Annual inflows into ETFs reached 531.9t, the second highest on record. Declines in jewellery and central bank purchases offset this growth. ... 
Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6t. Bars, coins and jewellery remained very weak: year-todate consumer demand was down 16%, said in World Gold Councile’s last report. ETPs were the only bright spot for gold demand in Q3. The focus ... 
On Monday gold continued to drift lower trading around $1,320 in afternoon dealings after earlier in the day touching a near 0ne-month low, mining.com reported. For 2016 the metal remains firmly in a bull market adding more than 24% or some $260 an ounce, the best year-to-date performance in decades. Gold’s rally this year comes despite a sea change in what has ...