The Latest Breaking News from Gold

Shankesh Jewellers IPO Day 3: Issue subscribed 2.8 times. Check GMP, other details

Shankesh Jewellers IPO GMP: Shankesh Jewellers IPO saw strong subscription, with investors bidding for 7.74 crore shares. The company's financial performance showed significant profit growth in FY26. Proceeds will be used for debt repayment and working capital needs. The IPO is valued at 12.8x P/E, considered fairly priced by analysts.…

The Economic Times · Aug 20

Shares break losing streak but banking slump continues

A retreat in bond yields has prompted a surge in precious metals prices, helping miners offset continued weakness in banks and other financial stocks.

AAP · Aug 20

Gold hovers near early-June high on lower bond yields

Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening, gold became increasingly attractive to investors. This move comes in light of persistent inflation fears and looming interest rate hikes, highlighting gold's reputation as a…

The Economic Times · Aug 20

Today’s US Treasury Intervention in Bond Markets is a Buy Recommendation for Gold. Here’s Why.

Like a dealer buying his own stash, the Treasury is propping up the market for long-dated bonds – and it won’t end well.

Barchart · Aug 19

Dollar Tumbles and Gold Prices Jump as US Treasury Boosts Liquidity

The dollar index (DXY00 ) tumbled to a 2.5-month low on Wednesday and finished down by -0.80%. The dollar retreated on Wednesday after the US Treasury boosted liquidity and announced plans to increase buybacks of long-dated bonds. Lower T-note yields on Wednesday also weakened the dollar‘s interest rate differentials. The...

Barchart · Aug 19

Central African Republic gold mine collapse kills more than 100

A gold mine collapse in the Central African Republican village of Zamboye near the Cameroon border on Tuesday killed more than 100 people, an official at a local mining association said. A member of the local youth council said the death toll would likely rise as more people were pulled…

France 24 · Aug 19

In 1789, George Washington wore his famous “golden suit” to his inauguration ball. 237 years later, scientists found 5 natural dyes showing the coat was originally a deep plum-purple, not gold

George Washington's famous inauguration overcoat was actually a rich plum color. Scientific analysis of the garment revealed its true vibrant hue. The original "golden suit" was made using natural dyes from colonial sources. These dyes, including shellac and logwood, created a deep purple shade. Sunlight exposure over time likely caused…

The Economic Times · Aug 19

At least 100 killed after illegal gold mine collapses in Central African Republic

At least 100 people have been killed after a landslide struck an illegal gold mine in the Central African Republic near the border with Cameroon on Tuesday, with rescue teams continuing to search for survivors and victims at the site.

The Times of India · Aug 19

Moderna Doubles, Gold Rallies To $4,500 As Dollar Sinks: Stock Market Today

U.S. equities clawed back Tuesday’s tech-led slump by midday Wednesday as the Treasury’s decision to double its long-dated debt buybacks pulled benchmark yields off 20-month highs and knocked the dollar to its weakest level since late May.

Benzinga · Aug 19

Leon Cooperman Warns of AI Bust and Recession: 4 ETFs to Take Cover In

Billionaire investor Leon Cooperman is warning that the U.S. economy could slip into recession next year, potentially ending the market’s AI-fueled run, according to Business Insider.

Benzinga · Aug 19