gold

Central banks in China, India and Singapore have added to their gold reserves amid geopolitical and foreign exchange uncertainties.

Backed by healthy gold reserves and multilateral agencies keen to improve infrastructure, the outlook for the Central Asian republic is positive. However, the population’s tense relationship with China must be addressed if it is to make serious economic headway.

The yellow metal has gained lustre among investors amid the prevailing low-rate environment and global geopolitical uncertainties – how high could it go?

Mongolia’s vast copper-gold project remains stuck in a rut despite rumours that Rio Tinto is closing in on a takeover of the main project company, Turquoise Hill.

China overtook India last year as the world's biggest consumer of the yellow metal as retail investors bought unwanted gold from global institutional investors.

The sale comes after the stock jumped 13% yesterday on the back of strong revenue growth in the three months to June.

Readers predict where the gold price will end the year, in light of a recent price collapse.

Big investors might not be rotating out of fixed-income yet, but a similar dynamic could be encouraging a shift out of gold and other commodities.

The deal from China Precious Metal attracts good interest from outright investors following a non-deal roadshow earlier this month and is upsized by 33%.