Gold rallies on higher US CPI, as US Treasury yields and USD retreat
The base inflation effects have started to lift US YoY CPI over the next couple of months, which could see US headline CPI inflation approaching nearly 4% in May. Source:…
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China clears the way for a massive amount of gold imports
China has cleared the way for gold imports A weekend Reuters exclusive report has suggested about 150 tonnes of gold (worth $8.5 billion at current prices) is likely to be…
Gold Prices Extend Higher on Chinese Demand Boost, Falling Yields
Gold held near the highest level in seven weeks as renewed concerns over the pandemic and lower bond yields boosted the appeal of the precious metal.Investors were also weighing a…
Basel III Norms and its Impact On Gold
Currently, paper gold is not a 1st tier asset. Only fully allocated physical bullion that has no counterparty risk attached that qualifies as a first-tier asset. Basel III rules coming…
China opens its borders to multi-billion dollar gold imports
China has given domestic and international banks permission to import large amounts of gold into the country, potentially helping to support gold prices after a months-long decline. Source: Economic Times
Gold and silver look for momentum on fresh dollar weakness
With real yields and the dollar both ticking lower after a stronger-than-expected U.S. CPI, the metals are once again, but so far without much conviction, attempting to challenge key resistance.…
Silver closes above Inverse H&S neckline resistance, next target Rs 73000
Gold and silver prices on Thursday posted moderate gains, with gold at a 1-1/2 month high and silver at a 3-1/2 week high. A decline in the dollar index to…
Gold futures trade higher after jobless claims falls to pandemic low
Gold on Thursday is trading solidly higher after reports on the U.S.s economic recovery from the COVID pandemic. Source: Market Watch
Gold firms as dollar stalls ahead of US retail sales, jobless claims data
Gold prices edged higher on Thursday buoyed by a weaker dollar, while investors awaited US weekly jobless claims and March retail sales data for further clarity on the recovery in…
Gold oscillates in range as firmer Treasury yields dull appeal
Gold is trading range-bound as an uptick in U.S. Treasury yields weighed on the non-yielding bullion’s appeal, eclipsing support from a softer dollar. But gold’s pullback looks more technical in…
Central bank and consumer buying in India and China arrest gold’s slide
Gold buying by central banks and consumers in India and China is stirring hopes for a recovery in the market, which has been hit by a wave of selling this…