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Gold £1206.49 £38.790
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Updated 04:12 17/09/19

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September Gold News 2019

Fears of possible military conflict in the Gulf grew this weekend, following a number of drone attacks on Saudi Arabian oil facilities on Saturday.

Despite denying responsibility for the attack, several countries have come forward to blame Iran, reigniting the simmering tensions from June’s oil tanker attacks.

16 Sep 2019, 4:09 p.m.

The European Central Bank has announced the return of quantitative easing – only eight months after initially ending the stimulus measure.

The decision, likely the last major action by Mario Draghi before he departs as ECB president, is designed to counter the economic regression currently being experienced in the Eurozone.

12 Sep 2019, 5:06 p.m.

The amount of gold mined and refined each year is expected to increase by 17.4% by 2023 according to analytics firm GlobalData. The growth should be at least 2.5% each year for the next five years, with a total output of 132.1 million ounces.

12 Sep 2019, 10:44 a.m.

Official data from China’s Central Bank shows that the country has now added 99 tonnes of gold to the nation’s reserves as of the end of August, worth an estimated $7.574 billion.

Given that gold has made 12.48% gains in the past three months in Dollar terms, and 25.06% for the past year, it’s unlikely that the People’s Bank will slow down its hunt for buying gold – especially when they are keen to avoid the US Dollar in their reserves, and will have little interest in the fragile Sterling or Euro currencies.

10 Sep 2019, 4:54 p.m.

Korea’s NH Nonghyup Bank has started offering its customers silver bars following a surge in demand for safe haven assets.

The move makes Nonghyup the fourth bank in Korea to offer retail investors silver bars, in a trend that could spread across the Asian banking sector.

6 Sep 2019, 5:28 p.m.