2014 February 20

Gold Settles Lower As Dollar Strengthens

Gold futures snapped nine days of straight gains to end lower on Wednesday, ahead of the Federal Reserve's minutes of its January meet later in the day, with the dollar trending higher against a basket of some select currencies. Nonetheless, gold made up for some of the losses after some

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Gold import restriction helps parallel economy more than real economy

Gold restrictions imposed by the Finance Minister has been cited as one of the main reasons for reining in Current Account Deficit (CAD) to 1.2 per cent as against a peak of 4.9 per cent. The FM in his Vote on Account speech said that CAD for the current fiscal

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Bullion Market Report

Market Commentary April gold closed sharply lower due to profit taking on Wednesday as it consolidates some of the rally off January's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought and are turning

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