By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
Gold futures, ended lower, as risk aversion dipped on the back of the G-20 leaders summit. Moreover, a less-grim-than-feared March jobs report sustained optimism over a global economic recovery, which has curbed demand for safe assets. For full story, click here
India’s gold futures are expected to edge lower this week on a recovering dollar against the euro, dimming the yellow metal’s appeal as an alternative investment. Pradeep Unni, a senior research analyst with Richcomm Global Services, stated: With dollar strengthening aggressively over the last couple of sessions, gold might suffer a setback. For full story, [...]
Gold futures fell Monday for a second session as the U.S. dollar surged against its major rivals, reducing the metal’s appeal as an investment alternative. For full story, click here
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 Feeling risky? Buy gold. It’s all about the risk factor these days, as investors square their positions following a massive rally on the stock market. Ever since stocks soared on Monday, driving the Dow Jones industrials up nearly 500 points, after the government announced details of a [...]
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
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Gold prices slipped by 1.07 per cent in futures trade on Tuesday on selling by traders in line with a weakening trend in the global markets. For full story, click here
Gold futures picked up by 1.76 per cent on Thursday on account of fresh buying by traders influenced by firming trend in overseas market. Trading sentiment in the precious metals improved after reports that the gold climbed from the lowest in Asian trading as some deemed an eight-day plunge in prices as excessive. For full [...]
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