initially gapped higher to kick off the Monday session, reaching well above the $1550 level before selling off later in the day.
However for Gold markets
in the GCC, it will prove to be an unexpected boon during the holiday season," said Joy Alukka, Chairman of Joyallukkas Jewellery Group.
Amir Rezk, former member of the gold division at the Chamber of Commerce, said that the gold markets
have seen a recovery during the first week of Ramadan, then a state of recession due to consumers' different interests and the preparations for the season of holidays and exams.
ISLAMABAD -- The Financial Action Task Force (FATF) has asked Pakistan to implement a new set of constraints in the country's crackdown against terror financing, including documenting and regulating all gold markets
The Financial Action Task Force (FATF) has asked Pakistan to track, document, and regulate all gold markets
in a bid to crackdown against terror financing.
"The meeting directed tightening on the gold markets
by increasing the members of the mineral police and providing them with all work aids to prevent and control all attempts to smuggle gold," said Hashem Ali Salem, the Minister of Minerals, referring to the improvement in the percentage of gold purchased through the Central Bank of Sudan which reached 60 percent.
By: Rehab Ismail Downtown, in the heart of Old Cairo, lies one of the oldest historic gold markets
in the region.
Manama: Bahrain's gold markets
witnessed an unprecedented rush of customers wanting to pledge gold following rise in prices.
The cooperation between the two exchanges will contribute to the exchange of resources between the two financial markets, enhance the influence of the two places in the global gold market
, and jointly build the bond connecting the East and West gold markets
The exchange has been in consultations with Dubai gold market
players and realised that there is considerable demand for a regulated exchange-traded Dubai priced spot gold product not only locally but also in the world's other large gold markets
Analysts say that a perceptible change in the gold markets
is visible because until some time ago, central banks were selling gold.
Due to the sharp fall in gold prices last April, the demand for gold and gold imports in Turkey increased, gold markets
expert Mehmet Ali YA[+ or -]ldA[+ or -]rA[+ or -]mturk said.