Precious metals market

The price of gold shot to an 11-week high on Wednesday as escalating geopolitical risks saw investors seeking safe haven assets. 

LSE-listed Polymetal has entered into an agreement to increase its interest in an undeveloped silver deposit in Sakha, Far Eastern Russia, which the company believes has the potential to be one of the world’s top three primary silver mines in future. 

Avidian Gold Corp. is pleased to report the results from its 2017 drilling program at the 100% owned Golden Zone project, Alaska.

SGX’s trio of gold miners – Wilton Resources, CNMC Goldmine and Anchor Resources – are categorised to the Materials Sector by the Global Industry Classification Standard (GICS®) under its Gold sub-industry.

Rio Tinto is delighted to announce the sale of The Australian Trilogy, an AUD$1.8 million one-of-a-kind coin collection featuring a pink, purple pink and violet diamond from Rio Tinto’s Argyle Diamond Mine in the east Kimberley region of Western Australia.

Image: i.imgur.com Global gold demand in Q1 2017 was 1,034.5t. The 18% year-on-year decline suffers from the comparison with Q1 2016, which was the strongest ever first quarter.

Sberbank CIB announces that Sberbank (Switzerland) AG has successfully delivered the first gold bullion consignments to Jaipur, Mumbai and New Delhi for Indian corporates who are authorised by the Indian Ministry of Commerce to import gold.