2014 August

Bullion Market Report As On August 21,2014

Market Commentary October gold closed lower on Wednesday extending the decline off last week's high. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices is

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Gold investors eye EU’s next move

Gold moved higher in the initial part of the week and closed lower on Friday as news of the EU reviewing the sanctions on Russia began to surface. At $1,304.7 per troy ounce, gold was down 0.3 per cent for the week. It was trading at $1,319.3/ounce on Thursday. The

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Gold outlook: Gold likely to retain glitter

After the big sell-off in gold last year, its price has been consolidating in a range, with pivots at around the $1,300 an ounce levels (around ` 28,000-29,000 for 10gm in Indian terms). A mix of opposing factors seems to be resulting in a range-bound market. Demand from physical/bargain buyers

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The Sentiments are Bearish For Gold

On the first day of last week, gold was down. But it changed direction by Wednesday and bounced back. This week too there was a lot in store for gold- The GDP for leading economies including Japan, Germany, and Great Britain The U.S PPI, retail sales, industrial production JOLTS, jobless

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Bullion Market Report As On 12 August,2014

Market Commentary October gold closed lower on Monday as it consolidates some of last week's rally. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Overall the technical indicators point out that neutral to bullish signaling that sideways to higher prices is possible.

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"Appetite for Gold Rises"

When global risk escalates- financially and politically- gold is always considered as an insurance against it. The speculations that the Federal Reserve may raise interest rates has kept the yellow metal in small trading ranges around $1,300. In the previous week previous metals were down throughout the week until the

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Bullion Market Report As On Aug 7, 2014

Market Commentary October gold closed higher on Wednesday and above the 20-day moving average crossing at 1304.06 confirming that a short-term low has been posted. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Overall the technical indicators are turning

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