India’s gold futures have edged lower weighed down by a strong rupee, making the imported yellow metal cheaper. Kunal Shah, assistant vice-president with Nirmal Bang Commodities, stated: Inflationary concerns in the U.S. might continue to support gold. Resistance is pegged at 14,825 rupees. For full story, click here
India gold futures edged lower on Friday weighed by a strong rupee locally, making the imported yellow metal cheaper. Kunal Shah, assistant vice-president, Nirmal Bang Commodities, stated: The Indian rupee is pressuring prices. For full story, click here
Shares in South African gold miners slip more than 1 percent, hit by a stronger rand and faltering bullion price as a firmer dollar and weaker oil price weigh. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News All the signals are promising for gold stocks to rise. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion [...]
The most active contract on Tokyo gold futures fell by the daily 150 yen limit as a stronger Japanese currency and weak oil prices triggered selling. For full story, click here
Gold futures fell amid a decline in crude-oil prices, as the U.S. dollar rose against a basket of major rivals, reducing appeal of the yellow metal. James Moore, analyst at TheBullionDesk.com, said: While gold may take some solace from its recent base building, we still expect rallies to be used as selling opportunities for the time being. [...]
Price of the yellow metal sank and then bounced hard vs. the Dollar early on Monday, whipping violently against all major currencies as world stock markets added to 2008′s 40% losses to date. Mitsui – the precious metals dealer in London, said: While the key Indian festival of Diwali is one day away in India, [...]
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