India’s gold futures eased on Thursday forced by a strong rupee, making the dollar quoted asset cheaper, and following global cues. Gnanasekar Thiagarajan, director with Commtrendz Research in Mumbai, said: The upside could be seen till 15,400-15,450 (rupees) on strong euro, but it may be capped by a strong rupee. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News After hitting $1,000 an ounce last month, the gold price has since settled back to the $920 range, which still represents a more than 28 per cent increase from October, when it hit its most recent bottom near $700. The current price of gold, which was selling [...]
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
By Kishori Krishnan Exclusive To Gold Investing News As investors the world over turn to a recognised store of value, gold demand has pushed through the US$100 billion barrier. Sustained investor interest in gold over the course of 2008 against a backdrop of the worst year on record for global stock markets and many other [...]
By Kishori Krishnan Exclusive To Gold Investing News Investors are a worried lot these days. Given that inflation is expected to rise due to the large amounts of money being pumped into the global economy by central banks and governments to boost growth and confidence, the worry lines have just got deeper. The U.S. has [...]
By Kishori Krishnan Exclusive to Gold Investing News Oil has reached its nadir. Even as investors remained timid after a U.S. Commerce Department report which showed the economy shrank at a annualized pace of 5.4 per cent in the October-December period – much faster than the 0.5 per cent decline logged in the prior quarter, [...]
If the downward scenario continues and there is deflation, c because of fear and distrust in the system. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Bullion’s strength is being tested – this time round it is not just against the U.S. dollar, but also currencies across the board. As volatile currency markets and solid investment demand spur bullion buying, spot gold price ounce rose as high as $902.50, the loftiest price ever [...]
By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
By Kishori Krishnan Exclusive to Gold Investing News Got anything special on your calendar for December 25? Well, ink this in. By executive proclamation, Gov. Sarah Palin has declared Thursday ‘Iditarod Gold Discovery Day’ to mark the 100th anniversary of the first strike in the Iditarod gold fields. The proclamation, dated November 21, encourages “all [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
