By Kishori Krishnan Exclusive To Gold Investing News Weakness in the U.S. dollar and rising oil prices gave gold another boost on Monday. Gold futures rose 1.2 per cent to end at their highest level in more than five weeks as a private-sector rescue of U.S. lender Cit Group raised economic optimism, pressuring the dollar [...]
The head of metals trading firm MMTC Ltd. revealed that India’s gold imports are set to grow by a quarter in April from a year ago, the first rise since August, and demand should strengthen ahead of festivals later in the year. For full story, click here
India, which did not import gold in last two months, is expected to import 30 tonnes in April as demand for the precious metals have risen following dip in the prices. For full story, click here
The gold market in New York spent most of the trading session lower on Monday as equities rallied. Gold futures for April delivery slipped 3.70 dollars, or 0.4 percent, to 952.50 dollars an ounce on the New York Mercantile Exchange. For full story, click here
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