2016 November

Gold logs modest rebound from 9-month low

Gold prices on Monday logged a modest rebound from the nine-month low set last week as the highflying dollar cooled its advance.   Gold futures slid Friday to their lowest finish since February. The yellow metal was undercut by dollar strength and growing expectations that the Federal Reserve won't only

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Gold / Silver futures – weekly outlook: November 21 – 25

Gold prices fell to the lowest level since May on Friday as the dollar rallied to almost 14-year highs amid a rally driven by the U.S. presidential election and expectations that the Federal Reserve will raise interest rates next month. Gold for December delivery on the Comex division of the

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Centre plans 3% GST on gold, industry for 1.5% only

The Centre is considering a lower 3 per cent goods and services tax (GST) rate on gold even as the industry sticks to its demand to keep it at a lower rate of 1.25 per cent.   The proposal would be taken up in the GST Council, which is scheduled

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Gold steady as dollar slips from 14-year high

Gold steadied early Thursday as the U.S. dollar retreated from near 14-year highs touched against a basket of currencies the day before. FUNDAMENTALS Spot gold was up 0.22 percent at $1,227.56 an ounce at 0041 GMT. The metal dropped 0.25 percent in the previous session. U.S. gold futures were up

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Gold rises as U.S. dollar pares gains

Gold prices on Wednesday added to gains made in the previous session as the U.S. dollar weakened, with investors showing concern over the impact of the potential economic policies of U.S. president-elect Donald Trump.   Spot gold was up 0.3 percent at $1,231.40 an ounce at 0357 GMT, after rising

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Rs 500, Rs 1000 notes ban set to boost gold imports in November

The government’s latest demonetisation move could drive up gold imports in November but demand outlook for the precious metal remains weak even in the short term, as cash runs dry, especially in key rural markets.   The bullion industry panicked on Monday as rumours that the government may ban or

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Gold broadly steady on short covering after global commodity sell-off

Gold was broadly steady on Monday on short covering, hovering around more than five-month lows hit on Friday after a global sell-off in commodities. FUNDAMENTALS * Spot gold slipped about 0.1 per cent to $1,224.10 an ounce at 0041 GMT. It rose nearly 0.5 per cent earlier in the session.

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India needs its own gold standards for GMS to succeed

The gold monetisation scheme (GMS), which was launched on November 5, 2015, has seen a tepid response as it completes a year. Compared to that, the sovereign gold bonds have met with reasonably good success. While industry players say hallmarking centres, which are acting as collecting and purity testing centres

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India's 2016 gold demand likely to fall to 7-year low thanks to smuggling

India's gold demand could fall as much as 24 percent in 2016 to the lowest level in seven years due to higher prices and increased smuggling as the government seeks to bring transparency to bullion purchases, the World Gold Council (WGC) said.   Lower demand from the world's No.2 gold

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Gold slumps as dollar, stocks jump after FBI clears Hillary Clinton

Gold retreated on Monday as the US dollar and stocks strengthened after the FBI said it stood by its earlier finding that no criminal charges were warranted against Democrat Hillary Clinton just two days ahead of the U.S. election. FUNDAMENTALS * Spot gold was down 0.7 percent at $1,295.01 an

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