Treasures under the ocean floor? Seawater plays role in gold formation

Credit: McGill University Understanding how gold is formed is crucial to knowing where to find it and how to extract it sustainably. McGill researchers have answered a long-standing question in geology that could lead to new ore discoveries. Researchers traveled to the remote Brucejack gold deposit in northwestern British Columbia to study and collect ancient … Read more

Antiques Roadshow guest refuses to sell gold watch after being warned by expert about the appraisal

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In one episode of Antique Roadshow episode, viewers were in for a bit of a surprise when a guest refused to sell his gold watch after the expert gave them a warning. Yes, when the person came to the Windermere Jetty Museum in the Lake District, they held their beautiful piece tightly. One guest on … Read more

‘Conman’ shown on video ‘tricking pawnbroker into buying fake gold’

By Matthew Cox 08:53 Jun 30, 2024, updated 09:06 Jun 30, 2024 Share or comment on this article: A ‘gold dealer’ who was caught on CCTV tricking a pawn shop into buying fake gold was also seen months earlier using a similar scam at another jeweler. Footage has emerged of the smartly dressed suspect targeting … Read more

Scammers who fled Stoke pawn shop in fake gold case caught on CCTV

This was the moment surveillance cameras captured two smartly dressed con men making off with cash after defrauding a pawnbroker with a daring, fake gold swap. Paul Wood, owner of Church Street Gold Pottery and Furniture in Stoke, was devastated when he was tricked into buying counterfeit gold bars by a man and woman who … Read more

Gold nanoparticles kill cancer, but not as thought

Spherical and star-shaped gold nanoparticles (top) and colon cancer cells after approximately five hours of exposure to them (bottom respectively). The photo at the bottom left proves that the cancer cells survived despite the small size of the spherical nanoparticles. False colors. Credit: IFJ PAN Gold particles the size of billionths of a meter are … Read more

Gold bounces ahead on potentially market-moving inflation data

Gold bounces off the psychologically important $2,300 level after a fresh selling phase. The pair remains under pressure from the longer-term outlook for interest rates – data from Friday could be key. XAU/USD is approaching the neckline for a possible top pattern. If this is broken, it could lead to a downward cascade. Gold (XAU/USD) … Read more

The real treasure wasn’t gold: Surprising discovery reveals secrets of ancient Greek shipwreck

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Kyrenia ship hull during excavations. Kyrenia ship hull on the seabed off the coast of Northern Cyprus during underwater excavations in the late 1960s. Credit: Image provided to authors by the Kyrenia Ship Excavation team for use with this article, CC-BY 4.0 Cornell researchers have refined the estimated sinking period of the Kyrenia shipwreck to … Read more

The volcano in Antarctica spews out $6,000 worth of gold every day

The frozen continent of Antarctica is, paradoxically, a hotbed of volcanic activity. The ice-covered area is home to approximately 138 volcanoes nestled beneath the snow, 91 of which were discovered as recently as 2017. Although most of them are considered dormant or possibly extinct, three have erupted in recent history according to the Smithsonian Institution’s … Read more

Gold prices fall due to strong US returns, strong USD after solid US data

Gold reverses gains after hitting a daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US dollar, with the DXY up 0.14% to 105.80. Mixed US economic data keeps speculation alive about Fed rate cuts. The gold price reversed course on Friday and fell more than 1.70%. Economic … Read more

Rich countries plan to buy more gold despite record prices

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Central banks of advanced economies expect gold’s share of global reserves to rise at the expense of the US dollar, as these institutions look to follow the lead of emerging markets in buying precious metals. … Read more