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Scotiabank Q2 commodity trading revenue boosted by precious metals

by Data Age | May 28, 2014 | Business, Gold & Jewelry, Industry, News

May 27 (Reuters) – Bank of Nova Scotia, one of the world’s biggest bullion banks, on Tuesday reported its best quarterly trading revenue from commodities in over a year due to improving precious metals markets even as scrutiny of global bullion pricing...

Police still searching for suspects in Framingham holdup

by Data Age | May 28, 2014 | Gold & Jewelry, Industry, News

FRAMINGHAM – Police are still searching for two men who robbed the Gold Refinery on Rte. 9 at gunpoint on Friday. The clerk, Nshan Darbinian, told police that on Friday, around 10:45 a.m., two men wearing black ski masks and black longsleeve shirts came into the...

What Is A Better Investment Now: Gold Or Silver?

by Data Age | May 28, 2014 | Business, Gold & Jewelry, Industry, News

An investor who has decided to invest in precious metals has four choices: gold, silver, platinum, and palladium.  This article is limited to choosing between gold and silver. There are times when gold is a better investment, and there are times when silver is a...

Gold Sinking as Exchange-Traded Assets Drop to 2009 Low

by Data Age | May 28, 2014 | Business, Gold & Jewelry, Industry, News

After two months of treading water, gold prices are starting to sink. Futures in New York reached a 15-week low today after investors sent U.S. equities to a record high. Assets in global exchange-traded funds backed by bullion are near the smallest since 2009, and...

Miami gold refinery in Colombian cocaine money laundering investigation

by Data Age | May 27, 2014 | Gold & Jewelry, Industry, News

A Miami gold refinery is under investigation by Colombian authorities as part of a cocaine money laundering inquiry, according to Bloomberg . Juan Ricardo Ortega, who heads Colombia’s tax and customs agency, told Bloomberg that as much as $3.3 billion in gold was...

Gold futures mark lowest close in 3.5 months

by Data Age | May 27, 2014 | Gold & Jewelry, Industry, News

Analysts see technical levels broken; ‘bottom has fallen out’ SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday settled at their lowest level in about three-and-a-half months as Ukraine’s election results, technical selling and equity gains combined to pull prices...
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