2013 June

Gold slips as investors await outlook for bond purchases

Gold fell in early Asian trading on Monday as investors await indications from a key U.S. Federal Reserve meeting this week on the pace of the central bank's bond buying programme. FUNDAMENTALS * Spot gold eased 0.2 percent to $1,387.24 an ounce by 0022 GMT. Bullion closed up about 0.5

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Weak S&P, strong physical demand push gold to weekly gain

Resilient demand for coins and bars and a pullback in the U.S. equities market lifted gold on the day and for the week on Friday. Traders said rising geopolitical tensions in the Middle East also boosted the metal's safe-haven appeal. Western diplomats said the United States is considering setting up

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Gold / Silver futures – Weekly outlook: June 17 – 21

Gold futures ended Friday’s session higher, after official data showed that producer price inflation in the U.S. rose more-than-expected last month, boosting the precious metal’s appeal as a hedge against inflation.      Gold is considered a hedge against inflation risk, as prices tend to keep in step with consumer price increases. On

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Uniform gold pricing in Mumbai in a month

Diversity in the pricing of the bullion and jewellery items would soon come to an end, if the proposal of the apex bullion trade body the Bombay Bullion Association (BBA) is any indication. In order to avoid under-costing sale of gold, around 15 leading bullion dealers in Mumbai are developing

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Gold imports to taper as Government curbs dent demand

Finance minister P Chidambaram, who has appealed to Indians to stop buying gold for a year to bring down the widening current account deficit (CAD), can heave a sigh of relief because gold traders say imports will drop drastically this month and next with a decline in demand. Bullion dealers

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Daily Bullion Market Alert

August gold closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that a low might be in or is near. Closes above the reaction high crossing at 1421.60 are needed

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Indian Government Desperately Tries To Discourage Gold Demand

In an attempt to save their local currency and control the current account deficit India is imposing measures to control gold demand and trade. We wrote earlier this week that India’s gold demand in Q1 mounted to 256.5 tons. Besides, The World Gold council estimates that Indian gold imports will

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Gold heads for 3rd weekly gain; US jobs data eyed

Gold prices rose on Friday for a third consecutive day, as investors awaited clues from the U.S. nonfarm payroll data later in the day on whether the Federal Reserve would wind down its bullion-supporting monetary stimulus. FUNDAMENTALS • Spot gold edged up 0.1 percent to $1,414.89 an ounce by 0029

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Daily Bullion Market Alert

 August gold futures closed up $19.00 an ounce at $1,412.00 today. Prices closed nearer the session high today. A slumping U.S. dollar index boosted gold today. The gold bears still have the overall near-term technical advantage as trading has again turned choppy. Prices are still in a 7.5-month-old downtrend on

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