(Kitco News) – Gold prices are moderately lower in early U.S. trading Thursday, on a downside technical correction and some mild profit taking following recent gains that saw the market hit a 3.5-month high Wednesday. The key “outside markets” are also …
MUMBAI (Reuters) – India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency. A pilot project …
Gold prices have been firming up after crashing through the $1,200 mark in June. As of this writing, gold prices are back in the low $1,400s for a quick gain of about 17% off summer lows — music to the ears of those investing in gold. But gold prices …
Gold benefited from the uncertainty today–the SPDR Gold Shares (GLD) gained 1% to $137.74–but anyone who needed a reminder that gold stocks are still, well, stocks got one, as the Market Vectors Gold Miners ETF (GDX) plunged 4.3% to $29.10.
Despite recovering about USD 240 an ounce, or more than 20 percent, since hitting a near three-year low of USD 1,180.71 in late June, gold prices are still down 15 percent so far this year in international market. On the contrary, the yellow metal …
NEW YORK—Gold futures rose to their highest level in three months on Tuesday as investors sought a haven from escalating political instability in the Middle East and as worries about U.S. government debt resurfaced. The most actively traded contract, …
NEW DELHI (Reuters) – India's central bank should look into the possibility of monetizing gold holdings, Trade Minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the …
Oil retreated from a two-year high, gold declined and India's rupee rebounded from a record low. European stocks climbed for the first time in four days, led by the biggest rally in Vodafone (VOD) Group Plc since 2008. West Texas Intermediate crude …
The spot gold price briefly rose above $1,430 an ounce to a three-and-a-half-month high on Wednesday on safe-haven buying as the United States and its allies looked set to launch military strikes on Syria. While U.S. futures settled lower on the day …