India Gold Demand Abates After Pick-Up
India’s gold demand abated on Friday after picking up for the previous two sessions and traders awaited lower prices to stock up before the festival and wedding season commenced. For full story, click here
Articles Tagged "traders"
India Gold Demand has weakened on High Prices
India’s gold purchasing remained slack in the local market on Friday with traders reluctant to enter into deals as spot prices stayed above the keenly-watched price. For full story, click here
Gold Price To Most Muscular Level
By Kishori Krishnan Exclusive To Gold Investing News Weakness in the U.S. dollar and rising oil prices gave gold another boost on Monday. Gold futures rose 1.2 per cent to end at their highest level in more than five weeks as a private-sector rescue of U.S. lender Cit Group raised economic optimism, pressuring the dollar [...]
Gold has surged U.S inflation data
Gold prices extended gains on Tuesday as traders purchased into the metal as a currency hedge amid weakness in the U.S. dollar, with a larger-than-expected rise in U.S. producer prices also fuelling gains. For full story, click here
India Gold Traders have aimed to fix local benchmark price
Market players declared that Indian gold traders are aiming to establish a domestic benchmark price for the yellow metal, although differing regional tax rules could hamper the push for uniform pricing. Anjani Sinha, MD and CEO of National Spot Exchange Ltd, stated: Currently, we have started spot deliverable contracts in six locations and we plan [...]
Gold Futures dip on sluggish demand
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 prices have eased, buyers seek more dips
India gold prices eased on Thursday as dollar recovered overseas, but well-stocked traders stayed away from making fresh purchases anticipating further falls ahead. For full story, click here
Propitious Conditions For Gold
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 continues to hover below $940
Gold rested on Monday to hover below $US940 after gaining the previous session, and traders said it may continue to stay below that level as there was little to drive trade in Asian market hours. For full story, click here
Traders are contemplating course of dollar & gold
Traders are contemplating the course of the dollar and gold as the US Senate is crafting its stimulus package. For full story, click here
