March 27th, 2015
Gold heads for longest run in two years
Air strikes on Yemen this week have boosted the value of precious metals, as gold enjoys its longest run of rises in over two years. In times of political tensions and conflict, investors traditionally turn to safe haven assets to shelter from the uncertain equity valuations. Saudi Arabia and its allies began to bomb targets in Yemen on Thursday 26th March. As a result, oil prices have risen to their highest level in a forightnight, while gold has risen 4.7 per cent in seven straight sessions of ga…
March 20th, 2015
Diamond sales hit all-time high in 2014
Diamond sales rose to an all-time high in 2014, according to new figures from De Beers. Sales topped a record £55 billion last year, up 3 per cent from 2013. China and India helped to drive the growth, with sales in the former rising 6 per cent in 2014, but the US remains the biggest market for gems in the world: the country accounted for 42 per cent of sales last year, up 7 per cent to £25 billion.
Philippe Mellier, chief executive at De Beers Group, comments: “The US may be mature but it is …
March 13th, 2015
Apple Watch to become major gold price catalyst?
Apple Watch could become the “biggest gold price catalyst in years”, according to one estimate.
March 6th, 2015
Wind turbines visible from half of Scotland
Wind turbines are visible from almost half of Scotland, according to a new report from Scottish Natural Heritage.
The SNH study found that the areas affected by wind turbines has more than doubled 19.9 per cent in 2008 to 45.9 per cent in 2013.
Anti-wind campaigners have complained that the situation is “much grimmer” one year on, as the country’s wind energy sector continues to enjoy growth.
Farmland boom leads to first ever London flotation
A farmland company will bec…