2014 March 20

Gold hits 3-week low on Fed, firm U.S. dollar

Gold hit its weakest in three weeks on Thursday as the U.S. dollar jumped on expectations the Federal Reserve could end its bond-buying programme this fall, hurting the metal’s safe haven appeal as a hedge against inflation. Janet Yellen, speaking at her first news conference as the Fed chief after

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India allows more banks to import gold in easing of curbs

India has allowed five domestic private sector banks to import gold, in what industry officials say could be a significant step towards easing of tough curbs on the metal imposed last year to cut the country's trade deficit. The move could boost gold supplies and bring down premiums for the

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