2016 December

Gold rises over 9 per cent in 2016; set to break three-year losing streak

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On December 30, 2016

Gold was set to rise more than 9 per cent in 2016, its first annual gain in four years, edging higher in the final trading session of the year on Friday on the back of a weaker dollar. Spot gold was up 0.1 per cent at $1,159.36 an ounce by

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Gold trades higher as US dollar eases; target Rs 27,550

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On December 29, 2016

Gold and silver were trading over 0.50 per cent higher in early trade on Thursday on the Multi Commodity Exchange (MCX) amid buying of the precious metals by jewellers, retailers and industries following a decline in the US dollar against a basket of global currencies. The yellow metal was trading

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Gold fritters away solid opening in 2016, outlook remains foggy

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On December 28, 2016

The year 2016 started with a big promise for gold as it turned around its falling fortunes for three straight years and came up as investors' top choice, but the rally all but fizzled out ahead of the new year. It has been the best-performing investment tool this year so

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Gold slumps to 11-month low of Rs 27,550/10 g on weak demand

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On December 27, 2016

Gold prices slumped by Rs 250 to hit over 11-month low of Rs 27,550 per 10 gram at the bullion market there Monday due to weak demand from jewelers and lower advices from futures trade. Silver also fell by Rs 210 to Rs 38,600 per kg on reduced offtake by

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New year gift? Gold to get cheaper, petrol to become costlier.

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On December 26, 2016

Going into the New Year, households could find gold declining by another Rs 1,000 to below Rs 26,000 per 10 gm, and petrol getting costlier as crude looks set to conclusively breach the $55bbl mark. Traders on US-based Comex and Intercontinental Exchange have placed bets in a way that bodes

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Gold or Silver? Which one to buy for gains in 2017

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On December 23, 2016

If you are a commodity investor looking to bet on precious metals, you must be wondering which one of the two top-of-the-mind metals – gold and silver - would be a better investment bet for 2017. While both metals are impacted by several common factors, commodity experts believe silver could

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Gold steady as dollar edges away from 14-year peak

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On December 22, 2016

Gold was little changed on Thursday in muted trade ahead of the holidays as the U.S. dollar slipped from 14-year highs.   Spot gold was steady at $1,131.54 an ounce by 0253 GMT. The metal, which hit a 10-1/2-month low of $1,122.35 last week on hawkish rate hike forecast from

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Gold on back foot as dollar stays near 14-year high

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On December 21, 2016

Gold extended its losses on Wednesday after dipping in the previous session, dragged down as the U.S. dollar stayed near 14-year highs against a basket of currencies.   FUNDAMENTALS   * Spot gold was down 0.1 percent at $1,131.01 an ounce by 0053 GMT. It fell 0.6 percent the day

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Sheen off: Gold in the doldrums as global hedge funds see massive pull out

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On December 20, 2016

Gold prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher US borrowing costs damped demand for gold, a for non-interest-bearing asset. Investors don't seem too optimistic about the outlook for 2017. Hedge funds cut their bets on a rally to the lowest

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Gold prices gain on weaker US dollar

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On December 19, 2016

Gold prices edged up in Asian trade on Monday, rising above the lowest level touched in 10-1/2 months the previous week, as the US dollar slipped against a basket of currencies. Spot gold edged 0.3 percent higher to $1,137.10 an ounce by 0055 GMT. The bullion touched $1,122.35 on Thursday,

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