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The yellow metal has came under severe pressure with the Euro wobbled by a rating cut of Spain by Egan-Jones from “B” to “BB-“ which was the third round of down gradation by the agency in less than a month. The Euro has been hammered by the news that led the shared currency to its […]
Gold Gets Clobbered by the USD Read More »
Gold has dropped for a third day as worries about the fallout from a potential Greek exit of the euro zone pushed investors to pile into the US dollar. With little action announced from the EU Summit in Brussels yesterday, investor’s worries continue to escalate. This week the markets have had warning from the OECD,
Gold Continues To Tarnish Read More »
Greece’s woes may continue to weigh on metal prices but, slight improvement in investor sentiments post G-8 has provided the “Euro” currency to gain 0.12 percent early morning and may continue in today’s session. The Dollar index has also weakened 0.11 percent on Friday after gaining consecutively for the last 13 days may continue to
Greece Woes Weigh On Gold And Silver Read More »
After four consecutive sessions of battering, Gold futures prices nudge higher at the early Globex by over half a percent amid optimism of the Fed minutes that intimated a several members support for additional monetary easing should the economic recovery lost momentum. Despite the Japan GDP number exceeded the estimates, shares are not showing any
Notes On The Asian Session Read More »
International gold prices have lost almost all their gains this year, trailing even weaker stock markets, but experts say the precious metal is poised to bounce back in the medium to long term even if it loses more lustre in the short term. Global prices of the metal had plunged to $1,547.99 per ounce, the lowest in
Gold On The International Markets Read More »
Unfavorable tertiary industry activity data from Japan coupled with decline in the country’s machinery orders and failure of talks to form a New Greek government led to rise in risk aversion in the global markets today. This resulted Asian markets to trade on a negative note today. Greece has scheduled to hold its second election in
Gold and Silver Review After The Asian Session Read More »
The Asian equities are trading mixed while the equities might pair in slightly after better banking and economic outlook. However, the Chinese inflation release early morning came out in line with expectation and may indicate some easing in near term restricting downside of metals pack. From the economic data front, Chinese Industrial production may increase
Gold And Silver This Morning Read More »
Gold fell for a third day, touching a four-month low and virtually wiping out its gains for 2012 as an escalation in the euro zone debt crisis and political turmoil prompted investors to move to dollars and German government bonds as safe havens. Political upheaval in Greece, a change in the French presidency and renewed concerns about the resilience
Gold Falls On Global Sentiment Read More »
In the beginning of the year, the Indian government increased the duties and taxes on gold purchases. India being the second largest user of gold in the world this increase would generate a huge amount of income for the government. Many people in India as well as investors and speculators claimed that the only reason
India Reverses on Gold Duty Increase Read More »
As gold continues to trade over 1600.00 per ounce and the economic crisis is still in full swing, US consumers have shift their interest from gold to silver. With less money to spend consumers are forced to be frugal and they have realized that they can get a lot more for their money when purchasing
Silver Begins To Outshine Gold Read More »
