Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts. 1. Physical demand for gold has not been this strong since January. Edel Tully of UBS said in a note to clients that “India stepped up to the plate as gold priced in rupees dropped [...]
Gold and silver futures rose sharply in early Tuesday electronic trading, moving in tandem with stocks as hope rose for a resolution to the European debt crisis. In early Tuesday trading hours in Asia, benchmark Comex gold for December delivery was up $36.80 or 2.3% at $1,631.60 an ounce, with the gains coming after reports of [...]
A sharp fall in gold prices is a good news for gems and jewellery exporters who will be able to source yellow metal at lower rates and compete better in the global market, industry sources said. After seeing the steepest ever fall of Rs 1,540 per ten gram in a single intra-day market, gold lost Rs [...]
(MarketWatch) — Gold futures settled lower Monday, notching their fourth straight close in the red as investors rushed for cash amid persistent concerns of a global slowdown and a liquidity crunch due to Europe’s simmering sovereign-debt crisis. Gold for December delivery declined $45, or 2.7%, to end at $1,594.80 an ounce on the Comex division [...]
(Reuters) – The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a perilous global economy. Gold has droppped around 11 percent since the start of last week as liquidity-strapped investors scrambled [...]
Gold slid below $1,600 an ounce and headed for the biggest two-day slump in a month, while silver erased its gains this year, as some investors sold the metals to cover losses in other assets. Bullion futures dropped more than margin requirements for a second consecutive day. The euro slumped to an eight-month low versus [...]
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