Gold trading news articles

Maktari closes gold bullion deal worth $11.7 billion

Apart from Saudi Arabia’s oil and gas reserves, there are believed to be sizeable deposits of other minerals within the Royal Kingdom. Mr M L A Maktari the broker appointed for and on behalf of a private investor within Saudi Arabia has just closed and reserved for the next 3 years gold bullion to the value of just under $11.7 billion. Most of these deposits are within Switzerland as holding is restricted within Saudi Arabia. Maktari was refe... [more]

BullionVault growth accelerates as credit crunch pushes savers into gold bullion

BullionVault.com has announded it has accelerated its growth in the third quarter as the global credit crunch sparked a move into bullion by cash savers. Gold holdings by volume grew by more than one-fifth between July and October. BullionVault now looks after more than $102 million in gold and cash on behalf of private individuals based in 78 countries worldwide. At the end of September 2007, the gold held by BullionVault's customers had i... [more]