2014 September

Dollar Drawing Directions For Gold !

During the financial crisis in September 2008, gold price rose $50 in a single trading day on 18th September. Investors adapted gold as they perceived this asset to be a safe haven in terms of liquidity and security.This day was marked in history as it was after February 1980 that

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Bullion Market Report As On 26 Sept 2014

Market Commentary December gold closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Overall the technical indicators point out that neutral to bullish hinting that a low might be in or is near. First resistance is at

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Singapore offers gold-dispensing ATMs

Singapore has launched two Automated Teller Machines (ATMs) that dispense gold. The ‘Smart Gold ATMs’, painted in golden colour, are being launched at Resorts World Sentosa and Marina Bay Sands. Customers can purchase variety of gold products, including pure gold bars and coins, using cash or credit card. Singapore is

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Daily gold transfers edge up in August – LBMA

Gold transferred between accounts held by bullion clearers climbed slightly to an average volume of 18 million ounces a day in August, up 0.4 percent from July's figure, the London Bullion Market Association (LBMA) said on Tuesday. The clearing statistics measure how much gold and silver are transferred on a

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How Much Gold Is There in the Entire World?

It’s certainly an intriguing question - not just for scientific minds, but for investors and economists too. Gold has been an integral part of our society for thousands of years. It’s been used in trade, and has long been a sign of opulence and wealth. But can we measure all

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Bullion Market Report

Market Commentary December gold closed lower on Friday as it extends the decilne off July's high. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices

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Gold Settles at Lowest Price This Year

Gold settled at its lowest close of the year and other precious-metals prices tumbled Friday, as a surging dollar and expectations of higher interest rates spurred investors to sell. Silver prices fell 3.6%, its biggest daily drop in nine months, as investors looked for higher-yielding assets elsewhere."Cash is flowing to

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Gold imports surge to $2.03 billion in August

After registering decline, gold imports surged to $2.03 billion August from $738.7 million in the same month last year. However, in July, gold imports declined by 26.39 per cent to $1.81 billion. Last time in June, the imports were up after declining for continous seven months. The high imports have

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Denominating Dollar

Over the fortnight gold has witnessed a severe decline in prices. The first week kicked off with a plunge in gold prices and the same continue this week too.This week, the main reports that came in from the U.S are the JOLTS monthly update and retail sales. In China, too

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Bullion Market Report As On Sept 9, 2014

Market Commentary October gold closed lower on Monday as it extends the decline off July's high. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices

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