2016 August

Gold futures stage modest rebound from Fed-inspired losses.

Gold initially rallied $20 an ounce or more after the comments as the greenback dropped versus other major currencies. But the dollar then turned decidedly higher, and gold pared gains, after the Fed’s No. 2, Stanley Fischer, in an interview with CNBC, said Yellen’s speech was “consistent” with the possibility

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Gold hits one-week low on US rate hike prospects

Gold fell on Monday to its lowest in over a week as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a US rate hike this year. FUNDAMENTALS * Spot gold was down 0.3 percent at $1,337.12 an ounce at 0101 GMT, after touching a low

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Gold holds losses as US jobs data boosts rate-hike expectations

Gold on Monday hovered near lows from the previous session, when it fell nearly 2 percent on a firmer dollar after a stronger-than-expected July jobs report likely increased the possibility of a U.S. rate hike this year. FUNDAMENTALS * Spot gold had slipped 0.1 percent at $1,333.80 an ounce by

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A Golden tribute on Kishore Kumar's 87th birthday – The Man for all seasons

Today, we celebrate the 87th birth anniversary of the late legendary golden heart Abhaas Kumar Ganguly, who the world today knows, loves and admires as Kishore Kumar. There are some interesting things that many of his young fans might not know about. That he was one of the most terrific,

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Gold Bonds: 4th tranche collection at new high; Modi Govt plans more tranches in FY17

A slew of investor-friendly measures saw the fourth tranche of the Sovereign Gold Bond (SGB) scheme getting a good response, with collection reaching Rs. 919 crore representing 2,950 kg gold. The government said it would come up with more such tranches this year. The number of applications stood at 1.95

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Change in RBI governor effect on gold market in India – Evaluating the Effect of Rexit

Reserve Bank of India (RBI) chief Raghuram Rajan announced publically that he would not be seeking a second term at the ending of his three-year tenure which ends in September. This created a steer for the Indian financial experts and common man alike. The Rexit (abbreviation of Rajan exit, humoured

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