2017 February

Gold buyers eye Trump's economic policy before taking positions

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On February 28, 2017

Hedgers, investors and arbitrageurs are eyeing the upcoming economic policy of US President Donald Trump before taking positions in gold. Trading currently at $1,257 an oz in the London spot market, gold jumped by around 3 per cent over the last two weeks on stockists’ buying following a weakening of

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Gold, silver trade lower in early trade

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On February 27, 2017

Gold and silver futures on the Multi Commodity Exchange (MCX) were in red in early trade on Monday due to weak demand of precious metals from jewelers, industries and investors. The yellow metal was down 0.10 per cent, or Rs 29, at 29594 per 10 gram around 10.15 am (IST).

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Gold scores 4th straight weekly gain as dollar struggles

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On February 25, 2017

Gold settled higher for a second straight session on Friday, logging its highest finish in more than three-and-half months, and for a fourth straight week of gains, as the metals complex was boosted by a softer dollar. Haven demand rose amid growing concerns about geopolitics and the Federal Reserve’s lack

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Gold holds steady near 3-1/2 month high, focus on Trump's economic policy

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On February 24, 2017

Gold prices held steady on Friday near 3-1/2-month highs hit in the previous session amid tempered expectations of a US rate hike in March and as investors awaited clarity on President Donald Trump's economic policy. Spot gold was mostly unchanged at $1,249.37 per ounce at 0326 GMT after hitting its

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Gold prices steady post Fed minutes; focus on Trump economic policy

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On February 23, 2017

Gold prices were steady on Thursday, supported by uncertainty surrounding US President Donald Trump's economic policy after Wednesday's Federal Reserve minutes failed to give the market much direction, despite its support for interest rate hikes. "Gold continues to tread water post the Federal Open Market Committee minutes, probably the highlight

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Gold steady as investors look for rate hike clues from Fed

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On February 22, 2017

Gold held firm on Wednesday after falling as much as 1 per cent the session before, with investors waiting for minutes from the Federal Reserve's latest meeting for clues on the timing of interest rate hikes. Spot gold was steady at $1,236 per ounce at 0336 GMT, while US gold

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Gold prices steady; focus shifts to timing of US rate hikes

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On February 20, 2017

Gold prices held steady on Monday, with investors looking ahead to a clutch of speeches from US Federal Reserve officials later in the week for clues on the timing of possible interest rate hikes. Spot gold had edged down 0.1 per cent to $1,234.28 per ounce by 0319 GMT, while

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Gold ends lower, but tallies a third-weekly gain

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On February 18, 2017

Gold prices ended with a loss on Friday, but tallied a third consecutive weekly gain as political uncertainty continued to boost investment demand for the metal. “The cocktail of [recent] dollar weakness and ongoing Trump developments encouraged bullish investors to pounce,” said Lukman Otunga, research analyst at FXTM. Gold “remains

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Gold rises as dollar gives up gains; Fed rate hike in focus

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On February 16, 2017

Gold prices rose on Thursday as the dollar drifted down from one-month highs hit in the previous session on upbeat US economic data. Spot gold had ticked up 0.3 per cent to $1,235.71 per ounce by 0237 GMT, while US gold futures were up 0.4 per cent at $1,237.3. “Perhaps

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Gold off-highs, side-lined below 5-DMA

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On February 15, 2017

prices on Comex-traded quite volatile in the last NY session and now looks to stabilize amid broad based US dollar consolidation. Gold eyes US data, Round 2 of Yellen Currently, gold trades +0.14% at $ 1127.15, with every upside attempt being capped by 5-DMA near $1228.15 over the last hours. 

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