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* China’s Shenzhen unveils plan to become gold hub Feb 5 (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is “a little better due to the Lunar new year,” said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices rem...

Message : Required fields (Reuters) - Physical gold demand picked up in China this week ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates. Singapore dealers, meanwhile, flagged a possible supply crunch fuelled by a surge in interest for silver. Chinese dealers charged premiums of $0.50-$5 an ounce over benchmark spot gold prices. Demand is "a little better due to the Lunar new year," said Ronald Leung, chief dealer for Lee Cheong Gold Dealers in Hong Kong, adding premiums could rise further if prices remain low following the holiday. Go...

WRAPUP 8-GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles Reuters 2/2/2021 (Adds industry background, comment by Robinhood CEO, updates share moves) Popular Searches * Global equities rally as more U.S. stimulus looms, silver slumps * Robinhood app downloads soar despite trading restrictions * Retail traders urge each other to keep the faith By Sagarika Jaisinghani, Thyagaraju Adinarayan and Lewis Krauskopf Feb 2 (Reuters) - GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and co...

* UK Royal Mint sees demand jump * India, China buying muted (Updates with comments from UK Royal Mint, SD Bullion; updates price reference) Feb 2 (Reuters) - A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand. Silver prices fell on Tuesday as a buying spree by smaller investors seen mainly in silver mining shares and exchange-traded funds fizzled out following a margin hike on futures contracts by the Chicago Mercantile Exchange. The buying, inspired by a recent rush by retail ...

6 Min Read (Reuters) - GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now. The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60% at $90. They are now worth less than a fifth of their high of $483 last week. Posters on the popular Reddit forum WallStreetBets, which was instrumental in fueling the rally, bemoaned the fall. "Our darkest hour,"...