Tag Archives: gold

Bitcoin looks more like gold than a currency

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago: So what does the future hold for the world’s first and still most famous cryptocurrency? I see three basic scenarios: No. 1. Bitcoin Triumph: Bitcoin replaces the dollar (and probably other… Read More »

iPhone X Gold Colour Variant Leaked by US FCC Listing

Apple is reportedly working on a gold colour variant of premium iPhone X as seen in recent photos published by the US Federal Communications Commission (FCC). “This seems a little too good to be true but the FCC appears to have published photos of a gold iPhone X. Dated from last September and released earlier in April, these photos show an… Read More »

Nokia 8 Images Leak, Showing Copper Gold Colour Option and Dual Camera Setup

Nokia 8 is expected to be the true flagship Nokia Android phone, and though it was rumoured to launch on July 21, that did not come to be. Of course, that has just ensured leaks continue, and this time the smartphone has been spotted in live images. This leak gives us a look at the smartphone from all angles, and… Read More »

Greece, Italy tensions hit euro, Asian stocks, lift yen, gold

Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday. The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed… Read More »

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval. Deutsche Bank denied wrongdoing. The… Read More »

Amber Mining in Russia: Market for ‘Baltic Gold’ Is Very Black

Alexander Kolesnichenko fished pieces of so-called “Baltic gold” resembling molten plastic out of the mud. It was an illegal and potentially deadly business. But it was also a risk worth taking for the 35-year-old who’d set out for a new life in Russia’s westernmost toehold in Europe in search of raw amber. Equipped with pumps and shovels and… Read More »

Jewellery glitters but doesn’t strike web gold

When she was in a jewellerystore a couple of years ago, Saroja Yeramilli noticed a young woman whose mother was forcing her to try and buy a large necklace. “The girl was frustrated and told her mother the jewellery wouldn’t go with the western clothes she wears every day,” says Yeramilli, who was working with Titan at the… Read More »

Apple harvested almost $40 million worth of gold from recycled gadgets last year

Apple harvested almost $40 million worth of gold from recycled gadgets last year, and is now deploying robots to take iPhones apart in a major environmental push. In its latest annual environmental responsibility report, which was published last week, Apple explained that it gathered 2,204 pounds of recycled gold during its fiscal year 2015. The gold, which weighs… Read More »

Spot gold hits 1-week low as dollar gains dampen safe-haven trade

Spot gold hit its lowest in a week on Wednesday, with the impact of a stronger dollar outweighing a slight swell in the metal’s safe-haven appeal after attacks on an airport and a rush-hour metro train in Brussels. Overnight news of the attacks in Belgium, and hawkish comments from another U.S. Federal Reserve official have underpinned the U.S.… Read More »