By Kishori Krishnan Exclusive To Gold Investing News TSX, the main Canadian stock index closed at its highest level in seven months on Thursday, with energy and mining stocks all moving higher in a TSX trifecta that followed encouraging economic reports from the United States. The S&P/TSX financial group rose 2.6 per cent, the energy [...]
India’s gold futures edged lower on Wednesday, tracking weak global markets and a strong rupee that makes the dollar-quoted metal cheaper. For full story, click here
Gold futures dipped marginally in early trade on the Multi Commodity Exchange on Friday on sustained selling by traders at existing higher levels. For full story, click here
India gold futures have reversed early losses on Monday supported by weak dollar overseas. Debjyoti Chatterjee, associate vice-president with ADMISI Commodity Services, stated: We forsee some appreciation in prices primarily due to bargain hunting. For full story, click here
New York gold futures have ended higher for a fourth straight day on Thursday as market optimism and recent positive U.S. economic indicators boosted bullion’s appeal as a hedge against inflation. For full story, click here
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 [...]
U.S. gold futures dipped 1 percent on Thursday as a better tone to the economy dampened safe-haven demand, while an imminent bankruptcy filing by U.S. automaker Chrysler should not affect platinum group metals demand. For full story, click here
Gold futures ended sharply higher on Friday after China disclosed that their gold reserves have surged sharply. This also raises the prospects of other central banks and funds to add to their existing reserves. For full story, click here
India gold futures extended losses on Friday due to pressure by higher equity markets and a strong dollar overseas. For full story, click here
India’s gold futures may edge higher this week on bargain hunting after slipping 5.7 percent this month till Thursday, and investors will look to the stock markets for leads. Gnanasekar Thiagarajan, director with Commtrendz Research, stated: There is a feeling that recent correction was overdone and that is why there might be bargain-hunting. For full [...]
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