$15 million gold heist was an inside job, suspects linked to cross-border arms trafficking

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$15 million gold heist was an inside job, suspects linked to cross-border arms trafficking
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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

– One year to the day after one of the largest gold heists in history, Canadian police announced the arrests of five Canadians and one American, with three others still at large.Ernst & Young has announced the launch of EY OpsChain Contract Manager , an Ethereum-based solution designed to help private business clients execute complex contracts.

- Silver prices remain well supported at elevated levels as robust demand continues to outweigh supply, creating a further drawdown in above-ground stocks, according to the latest research from the Silver Insitute.With the halving now just two days away, here is what analysts say to expect following Bitcoin's fourth reduction in new supply emissions.

– Gold’s recent all-time high prices were even more dramatic in China’s local currency, and while this dampened jewelry demand last month, Chinese investors continue to see high prices as a positive, according to the latest report from Ray Jia, Head of Research for China at the World Gold Council .Gold in a holding pattern around $2,400 as U.S. existing home sales fall 4.

- The gold market continues to consolidate around $2,400 an ounce as the U.S. housing market continues to stagnate at a lower level, with fewer new buyers entering the marketplace, according to the latest sales data from the National Association of Realtors .Thursday, the NAR said that existing home sales fell 4.3% to a seasonally adjusted annual rate of 4.19 million, down from March's sales rate of 4.38 million. The sales data fell in line with economists' expectations.

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