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
Articles Tagged "strong"
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, [...]