2015 July

Gold stuck near 5-1/2-year low as Fed hike looms

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On July 28, 2015

Gold languished near its weakest level since early 2010 on Tuesday, with no meaningful recovery seen as expectations for a U.S. interest rate increase grow. The Federal Reserve begins a two-day meeting later in the day where policymakers are likely to signal further that a rate hike later in the

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Euro Issues Will Underpin Gold Prices

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On July 27, 2015

The Greek Eurozone creditors that have been keeping Greece afloat since 2010 have extended the country’s bailout by four months however it is only the beginning from what we see as a number of key flash points facing the Eurozone which will in turn support the price of gold over

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Indian jewellers keep fingers crossed on gold prices

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On July 27, 2015

Jewellers are keeping their fingers crossed about gold prices on Monday while pointing to two possibilities — a further fall or maintenance of status quo. “The prices are expected to fall further on Monday,” Madras Jewellers and Diamond Merchants Association president Jayantilal Challani told IANS here. On the other hand,

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Gold Ends Higher After A 10-Day Losing Streak

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On July 24, 2015

Gold futures snapped 10 days of straight losses to end higher on Thursday, as the dollar weakened against some major currencies with bargain hunters swooping in after the precious metal's the longest losing streak in two decades. Nonetheless, the gains were limited on the prospect of a rate hike from

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Silver Bulls Pushing Back As Double Bottom Forms

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On July 20, 2015

Silver has been in a bit of a downtrend recently and has turned volatile after it broke though the previous support level. Silver now looks to form a double bottom that could see the bulls push it back to the highs seen earlier this month. The short term down trend

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Gold holds near 4-month low as U.S. rate hike looms

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On July 16, 2015

Gold hovered near its lowest level since March on Thursday after Federal Reserve Chair Janet Yellen reiterated that a U.S. interest rate increase is likely this year, buoying the dollar at bullion's expense. Yellen said the U.S. central bank remains on course to raise interest rates this year, with labour

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Gold slips as dollar rises on Greece, Fed rate signals

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On July 14, 2015

Gold slipped 1 percent on Monday as the dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the U.S. Federal Reserve was still on track to raise rates this year also weighed. Greece won conditional agreement to receive a possible $95 billion

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Gold slips with euro with no Greek deal, U.S. rate hike signals

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On July 13, 2015

Gold edged lower on Monday, dragged down by the euro after a weekend emergency summit to tackle Greece's debt crisis yielded no deal and with the U.S. Federal Reserve still on track to raise interest rates this year. Greece will now be required to push legislation through parliament this week

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Gold clings above 4-month low on euro, but eyes 3rd weekly drop

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On July 10, 2015

Gold held above a four-month low on Friday, spurred by a firmer euro on signs of progress in debt-hit Greece's efforts to secure fresh funding. But bullion is still down so far for the week, its third in a row, amid weak physical demand in top consumers China and India.

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GOLD DEPOSIT SCHEME – WILL IT WORK THIS TIME?

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On July 9, 2015

The Government of India have brought out once again a Draft on the proposed Gold Deposit Scheme with the intention of monetising the idle househeld gold in the country, estimated variously between 18000 and 25000 tons. Before any comments are offered on the scheme, some basic attributes of this fungible

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