Gold

Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

Gold's atomic number of 79 makes it one of the higher atomic number elements that occur naturally in the universe. It is thought to have been produced in supernova nucleosynthesis from the collision of two neutron stars and to have been present in the dust from which the Solar System formed. Because the Earth was molten when it was just formed, almost all of the gold present in the early Earth probably sank into the planetary core. Therefore, most of the gold that is present today in the Earth's crust and mantle is thought to have been delivered to Earth later, by asteroid impacts during the late heavy bombardment, about 4 billion years ago.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Gold

Latest News for: Gold metal

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Why Gold’s Upward run Is Unlikely to Last Long

FX Empire 04 Aug 2020

Gold traders of late have been keeping some of their bullish bets on, as interest rates continue to be on the lower side and the greenback staying close to its two-year lows. However, the sudden surge in gold futures prices in these few weeks seems to have suffered exhaustion lately, especially around the $1980 -$1999 levels....

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Gold prices today hit another new high, silver rates rise

Live Mint 04 Aug 2020

Gold continued its record-breaking run in Indian markets with prices today hitting yet another high. On MCX, October gold futures were up 0.2% to ₹53,865 per 10 gram ... Inflows into gold ETFs have seen a strong surge this year as the yellow metal is seen as a hedge against inflation and fears of currency debasement....

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India's Gold Imports Fell 24% In June Amid Record Prices

Yahoo Daily News 04 Aug 2020

The world's second-biggest consumer of the precious metal (after China) imported around 30 tonnes of gold in July, down from 39.66 tonnes a year ago, the report said citing a source not authorised to speak to the media....

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India#39;s July gold imports drop 24% as prices surge to record: Government source

Moneycontrol 04 Aug 2020

The world's second-biggest consumer of the precious metal imported around 30 tonnes of gold in July, down from 39.66 tonnes a year ago, the source said....

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Gold prices today hit fresh record amid fast-spreading Covid cases

The Times of India 04 Aug 2020

Meanwhile, a World Health Organization warning that there might never be a "silver bullet" for Covid-19 in the form of a perfect vaccine and that the road to normality would be long too sparked rush towards the yellow metal. Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion....

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Decreasing purchasing power pushes Turks toward ‘Syrian gold’

Arab News 04 Aug 2020

One gram of gold currently costs 437 lira ($62) in Turkey, up by almost two-fifths since January. Having reached near unaffordable levels, the prices have pushed people to turn toward metals with lower values for things such as wedding ceremonies, where pinning 22-karat gold coins and sets of gold jewelry on couples is a Turkish tradition....

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Gold Price Steady Below Rs. 54000; Upside Of Another 25% Seen In Yellow Metal

Yahoo Daily News 04 Aug 2020

Gold prices in India on Tuesday (August 4, 2020) are steady at Rs ... In Monday's session gold in the bullion market was also close to Rs ... Global gold rates soften on rebound in dollar and robuts manufacturing data of US ... gold futures rose 0.2% to $1,989.20 ... At the start of economic recovery, there is seen upward move in precious metals including gold....

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Forget gold. I’d buy cheap UK shares in a second stock market crash

The Motley Fool 04 Aug 2020

Should a downturn occur, many investors may decide that less risky assets, such as gold, are more attractive than UK shares ... However, bargain UK shares could offer a better long-term return outlook than gold after a second market crash as a result of the precious metal’s high price ... The post Forget gold....

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Global gold-focussed funds now are behind only the US in holdings

Gulf News 04 Aug 2020

Investors are so concerned about the global outlook that worldwide holdings in gold-backed exchange-traded funds (ETF) now stand behind only the official US reserves of bullion after they surpassed Germany's holdings ... ETFs enable investors to trade in gold without needing to take physical delivery of the precious metal....

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UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

Bitcoinist 04 Aug 2020

UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected negative US real yields as the core reason behind the increasing bids for gold ... Bitcoin-Gold correlation hits a new monthly high....

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Gold eases as dollar firms; virus fears cap losses

Canada Dot Com 04 Aug 2020

Gold prices edged lower on Tuesday as the. dollar strengthened and risk appetite improved after positive. U.S ... limited losses for the safe-haven metal. FUNDAMENTALS. * Spot gold was down 0.2% at $1,973.54 per ounce by. 0026 GMT ... session. * U.S. gold futures rose 0.2% to $1,989.20 ... week. A stronger greenback makes gold more expensive for holders ... * U.S ... Monday....

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PRECIOUS-Gold eases as dollar firms; virus fears cap losses

Reuters 04 Aug 2020

Gold prices edged lower on Tuesday as the dollar strengthened and risk appetite improved after positive U.S. economic data, while fears over surging coronavirus cases limited losses for the safe-haven metal. FUNDAMENTALS * Spot gold was down 0.2% at $1,973.54 per ounce by 0026 GMT ... gold futures rose 0.2% to $1,989.20....

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India's July gold imports drop 24% as prices surge to record

Live Mint 04 Aug 2020

The world's second-biggest consumer of the precious metal imported around 30 tonnes of gold in July, down from 39.66 tonnes a year ago, ......