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 »
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 »
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 »
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 »
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 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 »
Gold regained some power this morning after a drop in the prior session attracted bargain hunters and bottom feeders, but a robust dollar and fading expectancies of more financial easing in the USA made the metal exposed to more selling. The physical market lacked activity as commercial users looked for a deal, while bullion holders
Gold Looking For A Bottom Read More »
Gold turned lower in yesterday’s session after stocks reversed gains and the US dollar rallied to the highest in more than a month, but some traders opted to remain on the sidelines before a US Fed Reserve (FOMC) meeting tomorrow, that might weigh on the shiny metal. Gold has risen more than 9% this year,
Gold Starts The Week Off Lower Read More »
The safe haven status of gold appears to have lost it’s shine, whether or not this is a trend, or a temporary loss of faith (as a reversion to the yearly mean takes hold) remains to be seen. Many analysts and commentators have continued to hold polarised views on the precious metals sector; whilst the
Fools' Gold? Gold Sits On The 200 Moving Average Read More »
