2014 May 22

Bullion Market Report As On May 22, 2014

Market Commentary METALS: June gold futures closed down $6.90 an ounce at $1,287.70 today. Prices closed nearer the session low today. A firmer U.S. dollar index helped to pressure gold today. Trading has been choppy and sideways for the past five weeks. Gold market bulls and bears are on a

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RBI eases gold import norms

The Reserve Bank of India has allowed "star trading houses" and private jewellery exporters, which had been barred from importing gold since July 2013, to resume imports, with immediate effect. In a statement. the central bank said import of the first lot of gold by trading houses under the so

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Gold inches down as fund outflows gather pac

Gold slipped on Thursday as the top bullion-backed fund posted its biggest outflow in three weeks and after the U.S. Federal Reserve indicated it would continue to trim its stimulus measures. FUNDAMENTALS Spot gold had fallen $1 to $1,290.40 an ounce by 0024 GMT. Platinum and palladium continued to add

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