Gold is reported to have bounced back in the domestic markets in India on Wednesday on the back of reports that the yellow metal would soon regain the psychologically important $1,000 an ounce in overseas market and volatility in stock markets. Brokerage firm Karvy Comtrade Harish G stated: Gold prices have started falling from the [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
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 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
By Kishori Krishnan Exclusive To Gold Investing News The dollar rose as did gold. Gold rose in Europe on Thursday as the world’s largest gold-backed exchange-traded fund’s holdings set a record and Wednesday’s equity rally fizzled out, boosting the appeal of gold as a safe investment. Spot gold rose to $913.15/$914.15 an ounce from $906.65 [...]
By Kishori Krishnan – Exclusive to Gold Investing News The results are daunting. Barack Obama’s victory in the U.S. presidential election and Democrat gains in Congress did not do much for the yellow metal. Gold declined in Asia on speculation that the move would speed the dollar’s recovery against the euro. The currency climbed against [...]
The recent fall in the price of oil has investors, analysts and firms themselves looking at what level profitability will remain intact. The same goes for the yellow metal, which continues to trade well off its peak of over US$1000 per ounce in March. Dundee analyst Paul Burchell said: We do expect revenues and earnings to decline [...]
Investors who would normally seek a safe haven in gold in what is one of the worst financial crunch in history are shunning the yellow metal due to extreme volatility in the market. Bruce Dunn, VP of trading at Auramet Trading, said: There is absolutely no question that when you see these kind of ranges and [...]
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