2014 June

Singapore, Dubai and Shanghai stake a claim in the eastward march of the gold trade

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On June 26, 2014

New gold trade initiatives are planned in Singapore, Dubai and Shanghai this year as the trading community looks to cash in on a new appetite for the yellow metal in eastern markets. Singapore and Dubai plan to introduce a physical gold contract this year, while Shanghai will start international bullion

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China, Singapore vie to fix gold price in Asia

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On June 26, 2014

China and Singapore are vying to provide feasible gold price benchmarks in Asia, as calls grow in the top consuming region for more localised pricing of the precious metal at a time when the global benchmark is under regulatory scrutiny. Singapore said at an industry conference on Wednesday that it

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Gold recovers on fresh stockists buying

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On June 25, 2014

Gold prices rebounded at the domestic bullion market today due to renewed demand from jewellery stockists and retail consumers. Moving with the general trend, silver also rallied supported by frantic speculative buying. Standard gold (99.5 purity) rose by `. 125 to end at `. 28,350 per 10 grams from overnight

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Gold trapped in rangebound trade; Iraq, Ukraine in focus

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On June 25, 2014

Gold prices swung between small gains and losses in rangebound trade on Tuesday, as investors continued to monitor geopolitical developments in Iraq and Ukraine. Gold trapped in rangebound trade; Iraq, Ukraine in focusGold fluctuates in rangebound trade On the Comex division of the New York Mercantile Exchange, gold for August

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German gold reserve to stay at New York Fed

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On June 24, 2014

Germany has decided its gold is safe in American hands. Surging mistrust of the euro during Europe's debt crisis fed a campaign to bring Germany's entire US$141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel's coalition, the government has concluded that

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"Iraq to Ukraine – Safe haven boost!"

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On June 23, 2014

All that was written about Gold about the next downfall, proved incorrect till date. Safe haven buying returned lying a Torpedo which took out all the possible resistance levels. Silver proved that it is always the best ally of Gold and moved at a much faster pace than Gold. Gold

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Gold up 2.7%, above $1,310/oz on dollar fall, short-covering

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On June 20, 2014

Gold rose above $1,310 an ounce on Thursday, gaining almost three per cent as a drop in the dollar and a lack of commitment by the US Federal Reserve to raise interest rates sent metal investors rushing to buy back their bearish bets. The 2.7 per cent rally in bullion

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Bullion Market Report

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On June 18, 2014

Market Commentary August gold closed lower on Tuesday but remains above the 20-day moving average crossing at 1265.30. Overall the technical indicators point out that Gold price will move sideways to higher prices in the near term. First resistance is at 1285. Second resistance is at 1305. First support is

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Gold, silver skid on stockists selling

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On June 18, 2014

Gold prices slipped after previous five session rally at the domestic bullion market today following heavy unwinding from stockists and retail investors amidst bearish global cues. Silver also fell back owing to speculative selling, coupled with subdued industrial off—take. Standard gold (99.5 purity) dropped by ` 310 to close at

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Safe haven buying returns: Gold in picture!

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On June 17, 2014

As the week ended, Gold once again became the centre of attraction in the commodities market. Bullion metals rallied on Thursday. Gold was at a three week high on Thursday, sustained by safe haven buying following outbreak of violence in Iraq and disappointing economic news out of the US. Last

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