Gold

  • Footage of Gold toilet burglary

    The footage played at their trial at Oxford Crown Court showed two vehicles driving across the Great Courtyard, before hooded individuals armed with sledgehammers and a large crowbar broke into the palace. One could be seen leaving carrying a golden toilet seat.

    The fully functioning lavatory was insured for the sum of $6m (£4.8m), the court heard previously.

    “They knew precisely where to go, broke down the wooden door to the cubicle where the toilet was fully plumbed in, removed it, leaving water pouring out of the pipes, and drove away,” prosecutor Julian Christopher KC said previously.

    “Clearly such an audacious raid would not have been possible without lots of preparation”, he added,

    Source – BBC

    I will follow this till the end of the trial. I want to know what happened to the toilet! Maybe you do too. Clearly had to have been planned and to have done it so quickly, from the video evidence anyway. Let’s see what happens. -V.

  • Three men on trial over stolen GOLD toilet

    The one-of-a-kind 18-carat gold toilet was swiped in under five minutes from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born, in the predawn hours of September 14, 2019, a prosecutor told jurors Monday.

    The toilet has never been recovered but is believed to have been cut up and sold.

    All the defendants have pleaded not guilty.

    Source – CNN

    I thought this was interesting and thought I’d share. I’m not entirely surprised that something was stolen I am surprised that the burglars got away with the darn thing! I feel like this is actually kinda funny but hopefully justice will be served. – V.

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    Precious Metals with highs and pressure

    Gold

    Gold remains stuck near the resistance at $2930 – $2940 as traders continue to take profits off the table near historic highs.

    Silver

    Silver declined below the $32.50 level as gold/silver ratio climbed above the 91 level.

    Platinum

    Platinum tests new lows as traders react to the strong sell-off in palladium markets, which are down by 3.4%.

    Source – FXEMPIRE

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    Gold prices higher, Silver prices lagging

    Asian and European shares were mixed to weaker in trading overnight. U.S. stock indexes are set to open higher on corrective bounces following Friday’s big sell offs.

    German stocks rose as investors cheered a win by German conservative leader Friedrich Merz in Sunday’s elections.

    The Euro zone January consumer price index came in at up 2.5%, year-on-year, which was right in line with market expectations.

    Source – KITCO News

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    Gold and Silver in demand

    “The uncertainty over US tariffs is pushing investors toward safe-haven assets like gold,” said Michael Hewson, Chief Market Analyst at CMC Markets.

    The weaker US Dollar, coupled with uncertainties surrounding US trade policies, is supporting silver’s bullish momentum.

    Gold (XAU/USD) is trading at $2,940.57, showing a modest gain of +0.07%.

    Silver (XAG/USD) is trading at $32.68, slightly down by -0.03%.

    Source – FXEMPIRE

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    Gold set for eighth weekly gain

    Spot gold shed 0.4% to $2,927.95 an ounce by 1204 GMT. Bullion has gained around 1.6% this week after rising to a record $2,954.69 on Thursday.

    “The non-stop rally since December remains unchallenged unless prices drop to around $2,850,” said Ole Hansen, head of commodity strategy at Saxo Bank.

    “Gold has been displaying resilience with short-lived retracements, as lingering U.S. trade uncertainties reinforce its appeal as a hedge,” IG market strategist Yeap Jun Rong said.

    Spot silver was flat at $32.92 an ounce, and palladium dipped 0.3% to $974.75. Both metals were headed for weekly gains.

    Platinum shed 0.2% to $976.80 and eyed a weekly decline.

    Source – Reuters

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    Newmont gold miner shares in the green

    Shares in the gold miner are currently swapping hands at $76.60 apiece, more than 2% higher from the open as investors process the numbers.

    2024 was a transformational year for Newmont, as we focused on the integration of the Newcrest portfolio, divestment of our non-core assets, and transitioning the business onto a stable operating and investment platform.

    We have deliberately streamlined Newmont into the world’s best collection of Tier 1 gold assets, with a strong foundation of operational and financial performance. Our record fourth quarter gave a glimpse into the promising potential of the business and allowed Newmont to deliver record operating cash flows.

    Source – The Motley Fool

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    Gold Fields Limited reports 42% jump

    Gold Fields (NYSE:GFI) +4.2% pre-market Thursday after reporting a 42% jump in FY 2024 profit and saying it met revised full-year guidance after a stronger H2 performance.

    Gold Fields (GFI) raised its dividend by 34% to a company record 10 rand/share ($0.54) per share, prompting CEO Mike Fraser to say the company may consider a share buyback program as a way to boost shareholder returns if the gold price remains elevated.

    Source – Seeking Alpha