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Gold

India cbank tightens rules for lending against gold
www.reuters.com

MUMBAI, Sept 17 (Reuters) – The Reserve Bank of India has tightened rules for finance companies which lend against gold, a fast-growing business in the country, in line with the recommendations of an internal panel. The RBI said lenders need to value …

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Gold futures score first gain in five sessions
www.marketwatch.com

SAN FRANCISCO (MarketWatch) — Gold futures settled higher Monday for the first time in five sessions, finding support from news that former Treasury Secretary Larry Summers had withdrawn from consideration for the job of Federal Reserve chairman.

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Gold Drops Fifth Time in Six Days on Slow U.S. Inflation
www.bloomberg.com

Gold declined for the fifth time in six sessions as a government report showed the cost of living in the U.S. rose less than forecast, crimping the appeal of the precious metal as a hedge against inflation. The consumer-price index rose 0.1 percent in …

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PRECIOUS-Gold edges up on prospects of modest Fed stimulus tapering
www.reuters.com

LONDON, Sept 17 (Reuters) – Gold edged higher on Tuesday as the dollar remained under pressure on prospects the Federal Reserve will announce a modest reduction in its bond-buying stimulus at its two-day meeting. The Fed's Open Market Committee, …

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Apple Strikes Gold
www.huffingtonpost.com

Apple's champagne gold 5S iPhone will be an international phenomenon. How do I know? I walked into my local store and asked a 21-year-old in blue what colors will be hot. "Everyone who works here is ordering the gold iPhone," he told me. Not 60 percent …

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Why Conservatives Are Obsessed With Gold
www.businessinsider.com

At few points since the Fed's founding in 1913 has it taken such sustained fire. It's taking fire from the left, because its policies favor Goldman Sachs, Bank of America and the other financial corporations that are most responsible for the 2008 …

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Gold snaps 5-day losing streak, gains Rs. 300 on global cues
www.thehindu.com

Snapping its five-day losing streak, gold prices rose by Rs. 300 to Rs. 30,400 per ten grams here on Tuesday on revival of buying at existing lower levels amid a firm global trend. Silver also recovered by Rs. 680 to Rs. 50,210 per kg on increased …

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RBI tightens norms for lending against gold jewellery
economictimes.indiatimes.com

"In order to standardise the valuation and make it more transparent to the borrower, it has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days as …

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Festival Demand for Gold in India Seen Hurt by Slowing Economy
www.bloomberg.com

Gold demand in India, the biggest user, is poised to decline during the main festival season as the weakest economic growth in a decade curbs discretionary spending and volatile prices spur investor selling. Sales of jewelry, coins and bars between …

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