Gold to rise soon

Gold prices closed the week below $1,300 an ounce for the first time this year, after posting the largest weekly decline since December 2017. The biggest drop was on Tuesday when the precious metal plunged more than 2%. Following a strong sell-off last Tuesday, Gold closed below a multi-month trading range that it had been […]

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Reserve Bank of India adds 2.5 tonnes of gold to forex reserves in Q4

This was the first instance of gold being added to the forex reserves since 2009. The Reserve Bank of India (RBI) has added 2.5 tonnes of gold to foreign exchange reserves for the quarter ended March 2018 in two tranches. This is the first such addition after 2009, when the central bank bought 200 tonnes […]

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As dollar strengthens, the yellow metal weakens

  Spot gold was up 0.1 percent at $1,318.52 past week, not far from a low of $1,315.06 hit in the previous session, it’s weakest since March 21. The metal was on track to finish the week down more than 1 percent for its second consecutive weekly decline and the biggest weekly drop in four. […]

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Has the golden streak ended

Gold was seen under pressure since the middle of last week and has continued this sentiment for the current week now, testing vital support ratios near the 1330.00 U.S Dollars per ounce level. The precious metal stumbled as the Dollar gained in forex against the other major currencies. Gold prices fell $4.02 an ounce last […]

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Get ready to see gold on a roller coaster ride

While in the domestic markets we saw jewellers preparing in full swing for Akshaya Tritiya, in the global markets we saw gold moving in full swing.   Jewellers are expecting 15-20 per cent increase in sales this Akshaya Tritiya, mainly on the back of positive market sentiment, stable prices and ongoing wedding season. Apart from […]

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Gold expected to rise moderately

  While gold has primarily been stuck within the US$1,310 to $1,350 range this year, it managed to rise 3.61 percent during Q1 2018. The yellow metal gained some first-hand experience in market volatility during the period, as inflation gave it boosts while US Federal Reserve interest rate hikes brought pressure down On the other hand, […]

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A bad week but a good quarter for gold

  It wasn’t a much pleasant week for gold as it posted its biggest one-day percentage fall in nearly 9 months.   On Wednesday, the yellow metal suffered its biggest one-day loss since February to settle at a one-week low, reacting to a firmer dollar as it deepened a pullback from the more than one-month […]

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Gold- An Investor’s Favourite

It seems that after years of underperformance gold is here once again to glitter. In one sense, gold is doing what it’s supposed to do. Widely regarded as a safe haven, gold is counted on to provide stability during times of stress. By holding firm as other asset classes were thumped, gold successfully fulfilled that […]

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Economic & Political Uncertainty key drivers for gold

Gold has now recovered from being negative to close higher on three occasions in as many days since Friday. The yellow metal’s has performed well since Friday’s jobs report was released. The precious metal has been supported above all by the dollar, which has remained under pressure. The greenback was unable to benefit meaningfully from […]

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A turbulent week for gold

It was certainly a turbulent week for the yellow metal, as the combination of political uncertainty and U.S. rate hike expectations attracted both buyers and sellers. Though there was lot of volatility in the market, the precious metals continued to hold a well-defined range after turning sharply from key support last week and prices struggled […]

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