2013 May

Gold hits 2-week top on hopes Fed stimulus will stay

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On May 31, 2013

Gold climbed to a two-week high on Friday as weak U.S. economic data eased fears the Federal Reserve could soon scale back its bullion-friendly bond buying programme. A rise in gold-backed exchange-traded fund holdings for the first time in three weeks also underpinned the precious metal, typically seen as a

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Grant Williams: Difference Between Gold Price And The Price Of Gold

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On May 31, 2013

By: Grant Williams Gold has been money for thousands of years. Despite what several misguided Wall Street analysts might think, I believe the gold market is a long way from being over. We will see the proof of that once the conditions surrounding gold will get normalized (whenever it will

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India may import 300-400 tons of gold in Apr-June: WGC

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On May 31, 2013

With demand being robust due to fall in gold prices, India’s import of the yellow metal in April-June period is expected to touch a record level at 300-400 tons, according to the World Gold Council (WGC). Unprecedented levels of demand in the last quarter owing to lower gold prices have

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Daily Bullion Market Alert

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On May 31, 2013

June gold closed higher on Thursday renewing the rally off May's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that a low might be in or is near. Closes above the 20-day

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Gold demand in India to rise 33% by 2020: WGC

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On May 30, 2013

Gold demand in India will continue to be robust in the next decade. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels, registering a growth of 33 per cent. According to a new research conducted by

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Fed's policy statements – Predictable I Feel?

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On May 27, 2013

Why did the financial world react in this manic-depressive way to a statement that was bland and predictable? Why do investors keep gambling vast sums of money in speculations on changes in monetary policy when Bernanke has tried to make crystal clear that significant changes are unlikely, at least until

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Gold Heads for Best Week in a Month as Investors Weigh Stimulus

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On May 25, 2013

Gold swung between gains and losses as investors weighed speculation the Federal Reserve will maintain its record stimulus against a continuing decline in investor assets. Prices headed for the best week in a month. Bullion for immediate delivery traded at $1,391.05 an ounce at 9:33 a.m. in Singapore after losing

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Gems, jewellery exports glitter in April; see 33% growth

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On May 25, 2013

After declining 3 per cent in March, India’s gems and jewellery exports witnessed a robust growth of about 33% to $3.38 billion in April 2013.In April 2012, these exports stood at $2.55 billion, according to the data provided by the Gems and Jewellery Export Promotion Council (GJEPC).“These exports saw a

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Daily Bullion Market Alert

Posted by admin
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On May 24, 2013

June gold closed higher on Thursday as it extended the trading range of the past five days. The high-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning bullish hinting that a low might be in or

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Gold dips marginally on poor off-take, silver slumps

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On May 23, 2013

Gold prices moved down marginally at the domestic bullion market today due to lack of local buying interest amid bearish global sentiment. Silver also fell, after two-session rally, on heavy unwinding from stockists and speculators. Standard Gold of 99.5 per cent purity edged down by Rs.15 to conclude at Rs.26,430 per 10

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