• Media
• Special Events
• Show Schedule
• News
• Industry News
• Press
• Articles
• Blog
• Newsletters
• Videos
• Interviews
• Social Media
• Links

Los Angeles CA, Apr 4 (Tangible Investments) - by James O’Dell - Gold bullion prices rebounded sharply in overnight trade after retreating modestly on Thursday, when prices eased $3.90 or 0.30 percent to close at $1,289.70 an ounce as the dollar firmed on euro weakness but growing tensions between the West and Russia continued to support the gold price. Silver dipped $0.16 or 0.80 percent to close at $19.81 an ounce.
 
Russia recalled its ambassador to NATO on Thursday after foreign ministers discussed beefing up NATO's defenses in Eastern Europe with soldiers and equipment, as the crisis in Ukraine continues to fester. "The policy of (deliberately) whipping up tensions is not our choice. Nonetheless, we see no possibility to continue military cooperation with NATO in a routine regime," said Russian Deputy Defense Minister Anatoly Antonov on Thursday.
 
NATO's supreme allied commander in Europe, Philip Breedlove, warned on Wednesday that with 40,000 Russian troops massed near the Ukraine border, Russia could begin another incursion into the fledgling nation within 12 hours of an order being given.
 
Meanwhile, in India, gold premiums are falling now that the Reserve Bank of India (RBI) has indicated a willingness to remove some of the draconian restrictions that have dramatically curbed gold imports for more than a year. The record 10 percent import tariff on the yellow metal came with a mandate that 20 percent of all imports should be re-exported as finished product to help in narrowing the nation's current account deficit (CAD).
 
"I think what we have to do is slowly and steadily take actions to remove some of these curbs," RBI Governor Raghuram Rajan told analysts on Wednesday. Premiums plunged 85 percent to between $25 and $30 an ounce to London prices immediately following the announcement.
 
"Premiums will come back to normal, it may range between $1-$2 an ounce," said Bachhraj Bamalwa, of All India Gems and Jewelry Trade Federation. "People who have been on the sidelines due to high premiums will come back into the market," he added. Premiums on Indian gold bullion reached a record $160 an ounce to London prices just four months ago.

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.