India’s gold futures have edged higher on Monday, supported by a weak rupee, but weak international markets restricted the upside. Gnanasekar Thiagarajan, director, Commtrendz Research in Mumbai, stated: It would be a volatile day with no clear direction. For full story, click here
Gold surged half a percent on Monday on a weaker U.S. dollar and light Chinese buying, but rising stock markets could curb gains. Darren Heathcote of Investec Australia in Sydney stated: I think it’s certainly consolidating. I am not convinced we won’t see those highs again yet and possibly go higher. For full story, click [...]
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
The yellow metal is again slowly going out of the common man’s reach. With the ongoing marriage season, the prices are jumping each day. For full story, click here
Gold prices surged more than 3 % on the weaker dollar, with investors keeping an eye on the currency ahead of the U.S. presidential election result. Matthew Turner, an analyst at VM Group, said: An Obama-led dollar rally could hurt gold but the effect will probably only be short lived. For full story, click here
Gold rose around 3 percent to a one-week high as a weaker dollar and rising oil prices boosted sentiment. Eugen Weinberg, analyst at Commerzbank, said: It’s surprising that the increase in gold wasn’t as pronounced as expected.. I expected gold to climb above $800 on the dollar’s weakness. The sentiment for gold is improving day by day, [...]
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