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Gold - 2 Jerome Powell's - 2 Kelvin Wong - 2 Brendan McDermid - 2 Jacqueline Wong - 2 Republican Donald Trump - 1 Kamala Harris - 1 Kyle Rodda - 1
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Search resuls for: "Perth Mint"


7 mentions found


☆ Gold holds steady as market awaits U.S. election outcome
  + stars: | 2024-11-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race. Spot gold held its ground at $2,745.42 per ounce, as of 0218 GMT. Gold is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low-interest-rate environment. Elsewhere, Perth Mint reported a decline in October gold sales, while silver sales slipped to their lowest in four months. Spot silver fell 0.53% to $32.49 per ounce, platinum shed 0.6% to $993.45 and palladium was down 2.17% to $1,052.25.
Persons: Gold, Republican Donald Trump, Kamala Harris, Kyle Rodda, Jerome Powell's, Matt Simpson Organizations: Republican, D.C, Edison Research, Federal Reserve, Trump, Traders, Perth Mint Locations: Istanbul, Tuesday's U.S, Washington
☆ Gold rangebound as investors brace for key U.S. economic data
  + stars: | 2024-10-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Investors are watching out for the ISM services data and the initial jobless claims, due later in the day, along with the U.S. non-farm payroll data expected on Friday. Gold tends to thrive in a low interest rate environment and political turmoil. Elsewhere, Perth Mint's gold product sales touched a 10-month high in September, while silver sales hit a seven-month high.
Persons: Brian Lan, —, CME's, Lan Organizations: GoldSilver Central, Investors, U.S . Locations: Singapore, Israel, Beirut, Iran, Perth
☆ Gold touches record high on rate-cut bets, weaker U.S. dollar
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,658.08 per ounce, as of 0557 GMT, after hitting an all-time high of $2,670.43 earlier. On Tuesday, China announced a slew of support measures including outsized rate cuts, after the U.S. Fed cut rates by 50 basis points last week. Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.
Persons: Gold, Kelvin Wong, OANDA's, Wong, Michelle Bowman, Jerome Powell's, heightening Organizations: Perth Mint Refinery, Gold Corp, U.S, Fed, Asia Pacific, Traders Locations: Perth, Australia, China, Beirut
☆ Gold rises on Fed rate cut hopes, Middle East tensions
  + stars: | 2024-05-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East lifted bullion's appeal. "Investors will look at the political situation in the Middle East and how the ongoing negotiations for a ceasefire play out. "Weaker U.S. data offers more policy flexibility for the Fed in terms of rate cuts," paving way for gold prices to stabilize, said IG market strategist Yeap Jun Rong. Markets are pricing in a 67% chance of a U.S. rate cut in September, as per CME's FedWatch Tool. Meanwhile, the Perth Mint's gold product sales in April jumped two-fold from a month earlier, while silver sales fell to their lowest since December.
Persons: Kelvin Wong, Benjamin Netanyahu, Yeap Jun Rong, John Williams, Austan Goolsbee Organizations: Co, Federal Reserve, Asia Pacific, New York Fed Bank, Chicago Fed, Perth Locations: Bangkok, Thailand, OANDA, Gaza, U.S
☆ Australia's Perth Mint agrees to comply with anti money-laundering laws
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 23 (Reuters) - Australia's Perth Mint said on Thursday it had entered into an agreement with the country's financial intelligence agency to fully adhere to anti-money laundering laws after an external audit found compliance issues. The external audit was conducted between November 2022 and July 2023 at the direction of the Australian Transaction Reports and Analysis Centre (AUSTRAC), after it found non-compliance in an August 2022 assessment of Perth Mint. "The audit findings reflected AUSTRAC's concerns in relation to Gold Corporation's AML/CTF (anti-money laundering and counter-terrorism financing) program, monitoring systems and controls, and reporting to AUSTRAC," the agency said. In April, Western Australia state launched a review of its ownership of The Perth Mint, as the company battled allegations it sold diluted gold to China. Reporting by Deep Vakil in Bengaluru; Editing by Jacqueline Wong and Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Jacqueline Wong, Diane Craft Organizations: New York Stock Exchange, REUTERS, Perth Mint, Australian, Thomson Locations: Perth, New York, U.S, Western Australia, China, Bengaluru
☆ Perth Mint undertakes to comply with anti money-laundering laws
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +1 min
The world's largest gold bullion coin, the Australian Kangaroo One Tonne Gold Coin, is displayed to mark the official launch of the Perth Mint Physical Gold Exchange Traded Fund (AAAU), outside the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 23 (Reuters) - Australia's Perth Mint said on Wednesday it had entered an enforceable undertaking with the Australian financial intelligence agency AUSTRAC to fully adhere to anti-money laundering laws after an external audit found compliance issues. The world's biggest producer of newly mined gold said it will conclude its anti-money laundering remediation programme, which started in March 2021, by April 30, 2025, adding that no fine had been imposed as part of the undertaking. Reporting by Deep Vakil in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, AUSTRAC, Jacqueline Wong Organizations: New York Stock Exchange, REUTERS, Perth Mint, Thomson Locations: Perth, New York, U.S, Bengaluru
☆ Gold hovers above $2,000 as Fed rate decision looms
  + stars: | 2023-05-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices held steady above the key $2,000 level on Wednesday, while investors turned their attention to the U.S. Federal Reserve's interest rate decision due later in the day. The Fed's rate decision will be announced at 1800 GMT. Bullion is known as a hedge against inflation and economic turbulence, but higher rates tend to dent zero-yielding asset's appeal. On the physical front, Perth Mint's April gold product sales slipped more than 6% month-on-month, while silver sales hit a six-month peak. Analysts have cut their forecasts for palladium after a 60% price fall, but rising vehicle production should limit any sell-off, a Reuters poll showed.
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