Gold Drops to 10-Week Low in London as Haven Demand Declines
Bloomberg
Gold dropped to a 10-week low in London on speculation the world financial crisis may be easing, reducing the precious metal’s appeal as a haven. Silver fell. Bullion has tumbled 5 percent in three days, wiping out this year’s gains, on expectations government efforts will revive the global economy.
[ Read Full Article]

The Gold Sector & Most Powerful Indicator
GoldSeek
The Gold sector has been performing relatively well over the past month. The price of gold has broken trend line support but is still holding horizontal support and forming a bull flag. Gold stocks and the broad market have been performing well and that has boosted the price of gold stock. Gold bullion has been under pressure, because money is being pulled out of physical gold and put to work in equities, which provides much more potential than gold at current levels.
[ Read Full Article]

Going for gold: How the world’s mints are coining it
The Independant
The world’s mints are coining it as unprecedented numbers of savers search for safer investments. A few years ago his visits to the mint, founded more than 800 years ago, might have seemed eccentric. No longer. From the Russian Georgy Pobedonosets to the American Eagle, gold coin production is being cranked up in mints around the world to satisfy customers believing the assets may be immune to the global financial crisis.
[ Read Full Article]

World mints’ products and sales

Reuters
Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook. Below are details of gold and silver products issued by mints around the world, with sales figures where available.
[ Read Full Article]

Gold, silver stocks take heavy punishment as investors switch to base metals
MineWeb
Over the past 10 trading days, patterns among global portfolio flows show that investors have withdrawn significant funds from listed precious metals stocks, and switched into virtually every other resources subsector. This includes diamond miners, which represent the most heavily damaged area. Looking broadly in terms of the extent of stock price recoveries, the most favoured areas include specialist miners of copper, zinc, tin and nickel.
[ Read Full Article]

Slowing Haven Buys, Potential IMF Sales Weigh On Gold Futures
Wall Street Journal
June gold was down $17.30, or nearly 2%, at $880 an ounce on the Comex division of the New York Mercantile Exchange, after hitting $875.10, its lowest point since Jan. 23. New York gold opened on the defensive, “driven lower by sellers who witnessed its lack of reaction to [North Korea's weekend] missile launch, and by others who see additional gold making its way onto the markets from the IMF’s and others’ official coffers,” Kitco Bullion Dealers analyst Jon Nadler said in a research note.
[ Read Full Article]

ETF Securities makes U.S. filing for platinum trust
Reuters
A unit of London’s ETF Securities has filed with the Securities and Exchange Commission to register platinum and palladium trusts in the United States, according to a notice on the SEC’s website. According to the website, ETF Securities USA LLC made an S-1 filing — which companies use to register their securities with the SEC — on behalf of the ETFS Platinum Trust and ETFS Palladium Trust on April 2.
[ Read Full Article]

IMF gold sale may push down prices below $800
Commodity On-Line
In the last few months, gold prices have been on a winning spree, rising to a record $1,000 per ounce on the back of the bloodbath in stock markets and people’s fascination for gold as the best investment asset. But the surge in gold prices may be a thing of the past soon. Gold prices are set to fall to $800 or below $800 levels thanks to the decision of the G-20 countries allowing the International Monetary Fund (IMF) to sell 400 tons of gold reserves in the open market to raise funds for its global projects.
[ Read Full Article]