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Gold News From Around The World: 16th June 2017

Precious Metal Falling

The stronger dollar has seen the precious metal falling this week. On Thursday, gold fell to a three-week low. Investors are expecting another US rate hike later in the year.

 

Russian Mining Tycoons Returning To International Stock Markets

In a sign that Russian mining tycoons are seeking to return to international stock markets, Polyus PJSC is planning to raise as much as $810 million from selling shares in London and Moscow this month. The company is Russia’s biggest gold producer.

 

Gold Demand

According to the World Gold Council’s latest report, global gold demand in Q1 2017 was 1,034 tonnes (t), a decline of 18% compared to the record Q1 in 2016.

 

Developer To Give Gold To Property Buyer

During Ramadan, Dumac Properties will give 1kg to whoever purchases ‘Aurum’, a villa in Dubai estimated at over $435.

 

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