GOLD PRICE RALLIES; MARKET AWAITS FED MINUTES
Gold was trading in positive territory on Wednesday January 4, continuing the rally from the previous session. The spot gold price was recently quoted at $1,164.85/1,165.15 per oz, up $8.05…
Posts by admin
Silver looks a better bet than gold for 2017, likely to test Rs 50,000 a kg level
With nearly 28-30 per cent returns, precious metals were some of the best commodity performers in the first half of Calendar 2016. Investment demand had brought safe haven assets to…
Gold starts 2017 on positive note, edges up despite firm dollar
After gaining more than 8 percent in 2016, gold extended its strong run into the New Year, pushed higher in 2017’s first day of trading on Tuesday by technical buying,…
Gold rises over 9 per cent in 2016; set to break three-year losing streak
Gold was set to rise more than 9 per cent in 2016, its first annual gain in four years, edging higher in the final trading session of the year on…
Gold trades higher as US dollar eases; target Rs 27,550
Gold and silver were trading over 0.50 per cent higher in early trade on Thursday on the Multi Commodity Exchange (MCX) amid buying of the precious metals by jewellers, retailers…
Gold fritters away solid opening in 2016, outlook remains foggy
The year 2016 started with a big promise for gold as it turned around its falling fortunes for three straight years and came up as investors’ top choice, but the…
Gold slumps to 11-month low of Rs 27,550/10 g on weak demand
Gold prices slumped by Rs 250 to hit over 11-month low of Rs 27,550 per 10 gram at the bullion market there Monday due to weak demand from jewelers and…
New year gift? Gold to get cheaper, petrol to become costlier.
Going into the New Year, households could find gold declining by another Rs 1,000 to below Rs 26,000 per 10 gm, and petrol getting costlier as crude looks set to…
Gold or Silver? Which one to buy for gains in 2017
If you are a commodity investor looking to bet on precious metals, you must be wondering which one of the two top-of-the-mind metals – gold and silver – would be…
Gold steady as dollar edges away from 14-year peak
Gold was little changed on Thursday in muted trade ahead of the holidays as the U.S. dollar slipped from 14-year highs. Spot gold was steady at $1,131.54 an ounce by…
Gold on back foot as dollar stays near 14-year high
Gold extended its losses on Wednesday after dipping in the previous session, dragged down as the U.S. dollar stayed near 14-year highs against a basket of currencies. FUNDAMENTALS * Spot…
Sheen off: Gold in the doldrums as global hedge funds see massive pull out
Gold prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher US borrowing costs damped demand for gold, a for non-interest-bearing asset. Investors…