Gold / Silver Futures – weekly outlook : September 19 – 23
Gold prices slumped to a more than two-week low on Friday, as a broadly stronger U.S. dollar and jitters ahead of next week’s highly anticipated Federal Reserve policy meeting weighed.…
Posts by admin
Gold demand remains muted; discounts narrow
Demand for gold in India remained lacklustre this week as higher prices hampered consumer purchases, but discounts narrowed due to a correction in overseas rates. The safe-haven bullion has fallen…
Gold key to lower GST rate
The Centre is set to propose that the rate of tax on gold consumption be doubled under the Goods & Services Tax (GST) regime so as to allow the GST…
Precious metals resume rally in Sept after Br-exit lag
Gold prices are up 25 per cent and silver, 40 per cent this year After a brief consolidation in August, precious metals have resumed their movement northwards. After the Brexit,…
Africa’s Fastest Growing Gold Producer Says More to Come
Burkina Faso said it has more gold waiting to be discovered as the nation where output jumped more than 20 times in a decade reviews its geological records. The government…
Gold Slips to 10-week Low as Seasonally Strong Period is About to Kickoff.
Gold slipped to a new 10-week low in early New York trading. Today’s batch of U.S. economic data was mixed, but with perhaps a modest positive bias, which buoyed rate…
Gold panned despite stellar performance.
Despite gold’s stellar performance so far this year, The Financial Times chose to headline a front page article “Gold loses shine as Fed decision looms.” In the Commodities Section, a…
BULLION MARKET HIGHLIGHTS- DECEMBER 2015- AUGUST 2016: RSBL
AS 2015 came to a close, most traders expected that 2016 would be a year subjugated by a series of Fed rate hikes. That belief strengthened in late-December 2015 after…
Gold to remain soft on US rate hike hope
Bullion erased initial gains on Friday after the US Federal Reserve indicated the possibility of an interest rate hike in September. In London gold jumped to $1,334 an oz…
Gold futures stage modest rebound from Fed-inspired losses.
Gold initially rallied $20 an ounce or more after the comments as the greenback dropped versus other major currencies. But the dollar then turned decidedly higher, and gold pared gains,…
Gold hits one-week low on US rate hike prospects
Gold fell on Monday to its lowest in over a week as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a US rate hike this…
Gold holds losses as US jobs data boosts rate-hike expectations
Gold on Monday hovered near lows from the previous session, when it fell nearly 2 percent on a firmer dollar after a stronger-than-expected July jobs report likely increased the possibility…