Bloomberg reports that Gold tumbled the most in six months on speculation that an economic recovery.
Articles Tagged "commodity"
By Kishori Krishnan Exclusive To Gold Investing News Investors in gold have had it too good for too long. After months of prices climbing to unfathomable levels, an uncertainty has surged into the bullion market, keeping everybody on the edge. Obviously. What goes up has to come down some day. The big question on everybody’s [...]
By Kishori Krishnan Exclusive To Gold Investing News Money flows are being watched. Gold hit $955 an ounce on Tuesday in Tokyo, as Chinese stock markets showed signs of stability and oil prices gained ground. The precious metal dropped 0.5 per cent the previous day on selling by short-term investors due to caution in the [...]
By Kishori Krishnan Exclusive To Gold Investing News It is one big company and it has big ambitions. Africa’s largest gold producer, AngloGold Ashanti Ltd., is studying a A$520 million (US$ 426 million) mine development in Western Australia state with venture partner Independence Group NL. AngloGold, owner of a 70 per cent stake in the [...]
India gold futures have edged higher on Wednesday on global cues and a weakening rupee, which makes the dollar-denominated imported commodity expensive. Vishakha Chhabria, an analyst with Ventura Commodities Pvt Ltd., stated: Gold looks higher in intraday trade …fundamentals look positive.. For full story, click here
India’s demand for gold has failed to pick up as high prices of the commodity has kept away a significant number of purchasers. National Commodity & Derivatives Exchange Limited Economist, Manasee S Gokhale, stated: Buyers have stayed on the sidelines mainly due to high prices. The first marriage season of the year has come to [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold was softer on Monday but holding within reach of a seven-week high as inflation and economic fears boosted its appeal as a hedge against uncertainty. Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on [...]
India’s gold futures went higher on Wednesday on foreign cues and a weaker rupee locally, with analysts in commodity brokerages expecting more upsides. Pooja Chhabria, an analyst with Ventura Commodities Pvt Ltd., stated: Gold will move upwards today and tomorrow with occasional dips… the U.S. banks’ stress test results are likely to support it. For [...]
By Kishori Krishnan Exclusive To Gold Investing News A deal was approved on Thursday by Kyrgyzstan’s lawmakers to double the government’s stake in a gold mine that is one of the impoverished Central Asian country’s biggest sources of revenue. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the [...]
By Kishori Krishnan Exclusive to Gold Investing News Gold jumped to its highest in Asia in almost four weeks on Monday as fears of a global flu pandemic prompted investors to seek safer assets. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April [...]