Gold declined in Asia as a rally in global equities resumed, eroding demand for the precious metal as a store of value. For full story, click here
Gold prices showed signs of volatility after its peak of $ 1,000 per ounce level but the gold related stocks on BSE and NSE seems to have benefited on the confidence of investors in the commodity than the stocks. For full story, click here
The second day on Thursday saw India gold prices to extend gains and domestic buyers unwilling to take positions anticipating falls. For full story, click here
India gold futures extended gains for the third straight session as a weaker rupee made the dollar-quoted gold expensive, analysts said. For full story, click here
After a spectacular overnight gain, gold came under a mild correction in domestic markets on Thursday on weak global trend. For full story, click here
Gold headed for its biggest monthly advance since 1999 in London as a weaker dollar increased the appeal of the metal as a hedge against further declines in the U.S. currency. For full story, click here
From secod week of last month to nearly the end of the same month, iShares Comex Gold ETF (IAU) rejoined the sector momentum tracker’s top 10 —holding the number three spot in rankings for that period. For full story, click here
Gold fell more than 16 % so far in October, heading for its biggest monthly percentage decline since 1983 and its 4th biggest monthly drop in 3 decades. William Kwan, bullion director at Gold Capital Management in Singapore, said: The way buying interest quickly emerged when gold broke $700 shows there’s an appetite for gold at that [...]
Thursday, April 16, 2009