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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 »
Gold Spot gold almost paused overnight and is currently hovering near the 1650 level. Spain sold 3.18 billion Euros ($4.2 billion) of debt yesterday, compared with the maximum target of 3 billion Euros. The IMF increased its estimate for global growth in 2012 to 3.5 percent from 3.3 percent and lifted its forecast for the
A Mid Day Look At Gold And Crude Read More »
Gold has edged lower, extending losses made in the previous session, as the US dollar firmed on worries about Spanish debt yields and the pace of Chinese economic growth. The markets this morning seem to be all about risk aversion. Gold fell 1 per cent in the previous session, as a selloff in riskier assets
A Bearish Look At Gold Read More »
Gold ended up in late day trading yesterday, with investors continuing to seek a safe haven in the precious metal amid weakness in U.S. and global equity markets. As renewed concerns over the eurozone debt problems resurfaced with yields soaring in bond auctions in Italy and Spain. Investors started to worry if the newly approved
Why Did Gold Surge Yesterday Read More »
Gold prices have risen as traders speculated that last week’s US unemployment report increased the likelihood that the Federal Reserve would maintain its accommodative policy to boost the economy. The heaviest traded contract, for June delivery, rose $US 13.80, or 0.9 per cent, to close on Monday at $US 1,643.90 a troy ounce. Markets remained
Quantitative Easing The Fantasy Of Gold Speculators Read More »
