2015 August

Gold slips as U.S. rate hike expectations drag

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On August 31, 2015

Gold edged lower on Monday, stretching last week's losses on concern that the Federal Reserve is on course to raise interest rates this year despite recent market turmoil. FUNDAMENTALS Spot gold was down 0.2 percent at $1,131.30 an ounce by 0107 GMT, after dropping more than 2 percent last week

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Next silver bull market may have already started

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On August 25, 2015

There are fundamentals. And then there is legalized betting, ultimately backed by you, the tax payer. Otherwise known as speculative trades. Modern day commodity prices are determined by the latter, rather than by the result of trading based on the former. As silver prices bounce along the bottom of a

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Gold near 7-week high after best week since Jan

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On August 24, 2015

Gold hovered near its highest level in almost seven weeks early on Monday after scoring its biggest weekly gain since January as worries over a slowing Chinese economy spurred appetite for safe-haven assets. FUNDAMENTALS * Spot gold was little changed at $1,160.50 an ounce by 0047 GMT, after touching a

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Gold hits 1-month high as Sept Fed hike hopes fizzle

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On August 20, 2015

Gold scaled a one-month peak early on Thursday after minutes from the Federal Reserve's policy meeting last month signaled that a hike in U.S. interest rates in September may be unlikely. Fed officials worried that lagging U.S. inflation and a weak global economy posed too big a risk to commit

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Indians making most from longest gold price slump

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On August 17, 2015

Even as gold may be losing its sheen in the global market, logging its longest weekly loss in terms of prices since 1999, the yellow metal still seems to be in favour across India with low prices luring people to buy, stakeholders maintain. If the footfalls at the India International

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BIS Amendment for Gold Hallmark Sought

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On August 10, 2015

The gold jewellery industry has urged the government to immediately pass amendment to BIS Act 1985 to follow proper hallmarking standard across the country. Indian Association of Hallmarking Centres, which represents 350 hallmarking centres across India, estimates that only 40% of jewellery is hallmarked in the country. “We urge the

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Gold eyes longest weekly losing run since 1999, U.S. data in focus

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On August 7, 2015

Gold steadied near a 5-1/2-year low on Friday, remaining on track to stretch its weekly losses to a seventh week, its longest such slump since 1999, ahead of key U.S. data that may determine how soon the Federal Reserve raises interest rates. Spot gold XAU= was flat at $1,088.96 an

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The Purchase of Gold as a Gift

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On August 5, 2015

If you're having a difficult time shopping for a suitable gift for a loved one's upcoming birthday, never fear. Gold can make an excellent gift that truly stands the test of time. People who are considering gifting gold on special occasions such as weddings, birthdays and anniversary celebrations should visit

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Gold closes in on 5-1/2-year low as US rate worries weigh

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On August 4, 2015

Gold dropped for a third session in four on Tuesday, closing in on a 5-1/2-year low, pressured by expectations that the Federal Reserve was well on course to raise interest rates this year. While U.S. data on Monday suggested the world's largest economy may have lost some momentum in the

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5 Reasons to Invest in Gold and Silver

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On August 4, 2015

Precious metals like gold and silver have an important place in a diversified investment portfolio. Gold and silver are tangible natural resources needed in many capacities (coins, jewelry, electronics, aeronautics, dentistry). This ensures demand and also ROI. Gold and silver are here to stay. Many industries rely on a steady

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