Trading in Asia’s physical gold marketwas muted at the start of 2012 as most market participants remained on the sidelines awaiting a clear direction in prices, but the upcoming Lunar New Year is expected to push up bullion demand. Tightness in bullion supply in the region will likely ease next week, as refineries just restarted operation [...]
Gold climbed for a fifth day, set for the longest rally in more than two months, as demand increased in Asia ahead of the Lunar New Year, offsetting sales prompted by the metal’s climb to a two-week high. Cash gold rose as much as 0.8 percent to $1,623.97 an ounce, the highest since Dec. 21, by [...]
Last year proved to be sterling for silver, according to recently released figures from the Silver Institute. Year over year, average silver prices increased in 2011 by 74 percent. Coming in at $35.12 per ounce, silver’s average price last year was more than $14 higher than in 2010, the institute said Wednesday. “Silver’s strong price [...]
Gold was on course for a fifth straight session of gains on Thursday as growing anxiety on Iran boosted its safe-haven appeal and rising seasonal demand in China buoyed sentiment. Gold rose with oil in the previous session, breaking its lockstep with the euro over the past few months, after the European Union reached a preliminary agreement [...]
Gold was on course for a fifth straight session of gains on Thursday as growing anxiety on Iran boosted its safe-haven appeal and rising seasonal demand in China buoyed sentiment. Gold rose with oil in the previous session, breaking its lockstep with the euro over the past few months, after the European Union reached a preliminary agreement [...]
Given the stubborn current account deficit in our balance payments position, the need of the hour is to be frugal with imports. Oil imports, which lead the import list, are unavoidable, but the import of the second largest item in the basket — gold — is indeed amenable to a steep reduction, if not elimination. [...]
The incoming negativity on Gold last week reached epic levels. Friends of mine and gold for more than 40 years were looking for a towel to throw into the gold ring. When fear overtakes your intellect and you call, it is like molten magma spewing out of the phone or email. If I dared to [...]
Gold traded steady on Thursday, near a 2-1/2-week high hit in the previous session, as investors awaited a French bond auction later in the day to gauge the scope of the euro zone debt crisis and watched developments on Iran. Gold rose with oil in the previous session, breaking its lockstep with the euro, after the [...]
Vietnam’s export for gold and its products (called gold) in 2011 was estimated at about $2.1 billion while the country’s import value from gold in 2011 was estimated at $1.9 billion, the local newspaper VnEconony cited leader of General Statistics Office (GSO), Le Thi Minh Thuy, as saying on January 3, 2012. Basing on the [...]
All things considered, gold was a strong performer in 2011. Investing in the metal was undeniably a volatile ride that included some steep declines. Still, when compared to global indexes, gold proved it still has star power. The majority of professional market watchers appear to believe that 2012 will be another good year for gold. But, [...]
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