Submitted by Alasdair Macleod via GoldMoney blog, There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The supply can only have come from two sources: the general public, or one or more governments. It really is that simple. Two months later the gold price has ...

  Today’s AM fix was USD 1,386.00, EUR 1,038.59 and GBP 881.79 per ounce.Friday’s AM fix was USD 1,379.75, EUR 1,035.54 and GBP 882.76 per ounce. Gold climbed to $1391.50/oz on Friday, its first close above $1390/oz in four weeks and silver climbed 1.2 percent to $22.07 an ounce. Gold is marginally lower today in most currencies after last week’s ...

Obama prepares for chilly talks with Putin over Syria (Reuters) G8 opens amid dispute on Syria arms (FT) Economists Blame Fed for Higher Bond Yields (WSJ) - wait... what? Isn't the "stronger economy" to blame? What a novel concept - In the Czech Republic, a spying scandal has forced the PM to resign (BBG) Rigged-Benchmark Probes Proliferate From Singapore to ...

The Federal Reserve meeting that concludes Wednesday is the most important event of the week. There are now few participants, if any, that expect the Fed to reduce its long-term asset purchases now or even next month. Many see the September as a more likely time frame and a recent poll found the median expectation for tapering to take place ...

By Suvashree Dey Choudhury and Tony Munroe MUMBAI (Reuters) - The Reserve Bank of India kept interest rates unchanged on Monday as expected after cutting them in each of its previous three policy reviews, warning of upward risks to inflation as its currency is among the hardest hit amid a global emerging markets sell-off. The Indian rupee touched an all-time ...