Gold slips as U.S. rate hike expectations drag
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
read moreNext silver bull market may have already started
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
read moreGold near 7-week high after best week since Jan
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
read moreGold hits 1-month high as Sept Fed hike hopes fizzle
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
read moreIndians making most from longest gold price slump
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
read moreBIS Amendment for Gold Hallmark Sought
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
read moreGold eyes longest weekly losing run since 1999, U.S. data in focus
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
read moreThe Purchase of Gold as a Gift
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
read moreGold closes in on 5-1/2-year low as US rate worries weigh
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
read more5 Reasons to Invest in Gold and Silver
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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