Latest News for: troy ounce

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Gold prices hit record high amid global uncertainty

International Business Times 13 Apr 2025
Gold prices jumped over 6.5 per cent this week, reaching a record high of $3,237 per troy ounce ... company Union Bank of Switzerland (UBS) has raised its 12-month gold price forecast to $3,500 per ounce.
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Gold price touches Rs 96,500 in Ahmedabad

The Times of India 12 Apr 2025
Prices surged in tandem with global cues, as the international market peaked at $3,241.75 per troy ounce, according to the World Gold ...
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A Weekly Recap of All Things Resources to Friday, April 11th, 2025

Resource World 12 Apr 2025
When gold turned in January 1980 it created a bear market for precious metals that lasted until gold bottomed at US$275 an ounce in 2000 ... Gold bullion rose to a new all-time closing high of US$3,237 a troy ounce (t oz).
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Gold price forecasts reach up to $3,500 amid record rally due to US-China trade war

Khaleejtimes 11 Apr 2025
Top gold consumer China's gold reserves stood at 73.7 million fine troy ounces at the end of March, up from 73.61 million ounces at the end of February, as the central bank bought the precious metal for a fifth straight month.
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Mining Stocks Rise as Gold Reaches Record High

Oil Price 11 Apr 2025
The price of bullion rose 1.5 per cent to break $3,200 (£2,451) per troy ounce for the first time on Friday ...
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FACT FOCUS: Trump misrepresents facts about coal as he signs executive orders to boost its use

Wtop 10 Apr 2025
There are currently about 147.3 million troy ounces of gold stored at Fort Knox with a book value of approximately $6.2 billion, according to the U.S ... A troy ounce, a weight measurement for precious metals, is approximately 31.1 grams.
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Fortress Gold: Tokenized Trading Volume Soars to $1 Billion Amid Tariff Turmoil

Bitcoin World 10 Apr 2025
One of the leading tokenized gold options, each PAXG token represents one fine troy ounce of London Good Delivery gold, stored in Brink’s vaults.
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Whatever purpose Trump's tariffs have they won't help US workers

The New Arab 10 Apr 2025
Even uninhabited islands near Antarctica were included ... How did we get here? ... This means that rather than fluctuating on the market, its value was fixed at a specific weight of gold (from 1945-71 this rate was around $35 per troy ounce of gold) ... ....
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Trump’s Tariffs Rebuild the Economy, Challenge China, and Trigger an Investor Panic

Yated Ne'eman 09 Apr 2025
dollar off of the official gold standard (of $35 to the ounce) in 1971 ... The price of gold, another popular safe haven for spooked investors, also reached a record high last week of $3170.40 per troy ounce last week before falling back ... economy” ... .
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Trump tariffs live: China targets US with 84% duties

The Times/The Sunday Times 09 Apr 2025
What you need to know. China announced a retaliatory tariff on the US of 84 per cent on goods. Long-term UK government borrowing costs have risen to their highest level since 1998 ... 10 minutes ago. 12.30pm ... Gold rose 2.3 per cent to $2,053 per troy ounce ... .
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Trump tariffs latest: President announces 90-day pause — except for China

The Times/The Sunday Times 09 Apr 2025
What you need to know. Trump announces 90-day pause on tariffs, except for China. Dow Jones and S&P500 surge after president reverses policy ... This is what it means ... 7 minutes ago. 6.36pm ... 6.32pm ... 6.25pm ... Gold rose 2.3 per cent to $2,053 per troy ounce ... .
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Part II – Gold Manipulation?

Armstrong Economics 08 Apr 2025
Treasury primarily used 1,000-troy-ounce silver bars for the redemption of silver certificates ... Thus, 1,000-troy-ounce bars were almost certainly the standard, though smaller denominations (e.g., coins) were also available for individual redemptions.
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‘Odds Increasing’ Of US Bitcoin Buy In 2025 – Galaxy Analyst

Bitcoinist 08 Apr 2025
Thorn pointed to recent comments from the Trump administration as the reason for the change ... Louis values at a statutory price of $42.22 per troy ounce—significantly lower than the spot price of over $3,000 per ounce ... I mean, as much as we can get.” ... .
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The Latest: US stocks rise as global financial markets show signs of relief

The Call 08 Apr 2025
Here's the latest. ... The price of New York spot gold hit all-time record on April 2, per FactSet, closing at about $3,134 per Troy ounce — the standard for measuring precious metals — just before Trump unveiled his self-described “reciprocal” tariffs ... .
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China forex reserves rise but miss forecasts

Hong Kong Standard 07 Apr 2025
Reuters and staff reporter ... IOS Android ... The country's central bank also added gold to its reserves for the fifth straight month, which stood at 73.7 million fine troy ounces at the end of March, up from 73.61 million ounces at the end of February ... .
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