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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 »
Gold prices declined to $1650 an ounce on to close the month, taking a breather after four day run upwards, as upcoming elections in France and Greece and a European Central Bank meeting later this week pressured the euro versus the dollar. The markets continue to adjust to last week’s disappointing US GDP figures and
Gold Closes April At 1650 Read More »
Gold climbed for a third day as weak U.S. employment figures disappointed and a softer tone for the dollar was set Wednesday after the Federal Reserve kept interest rates on hold and Fed Chairman Ben Bernanke said he remained willing to buy more bonds should the economy need help. Data showed first-time claims for unemployment
Gold Climbs On Dovish Fed Read More »
A day prior to the Hindu festival of Akshya Tritya, gold traders are expecting that sales would be around 25% more in the week as against the same period last year. “We are expecting a jump of around 25-28% in gold sale in terms of volume in the festive week as against last year,” said Sanjay
The Hindu Festival Of Akshya Tritya And Gold Read More »
Gold futures traded nervously on Wednesday, falling 0.7% to $1,639.6, on the eve of the Spanish and French bond auction, and recovered slightly to $1,641.4 by the end of Thursday. The s & P 500 fell 1% while the Stoxx fell 3.5% in the past 2 days. The US 10-year Treasury ended below 2% for
Gold Is Waiting To Shine Read More »
