Sucden Financial has lowered its average gold bullion price for 2014 to $1,275 per ounce from $1,300, citing liquidations prompted by a strong dollar and dwindling geopolitical premiums. “For gold, we realise the opportunity cost of holding metal has …
NEW DELHI: Gold imports surged five-fold to $3.75 billion in September on account of the ongoing festive season. Gold imports stood at $682.5 million in the same month last year. The high imports have pushed up the country's trade deficit to about 18 …
Gold futures rose to a three-week high as concern that the global economy is faltering stoked bets that the Federal Reserve will keep U.S. interest rates low, driving the dollar down and boosting the metal's allure. Fed Vice Chairman Stanley Fischer …
"What we saw last week was that the dollar hit its strongest level to the euro in a couple of years, when gold fell to its lowest price since December 2013," Thorsten Proettel, a commodity analyst at LBBW, said. "The U.S. dollar to euro rate is a very …
Singapore: Gold retained overnight gains on Tuesday to trade near its highest in four weeks as investor appetite for riskier assets eased amid global growth worries, while a softer dollar also underpinned prices of the metal. A sell-off in the stock …
Gold for immediate delivery traded at $1,234.55 an ounce at 11:22 a.m. in Singapore from $1,235.87 yesterday, when it rose to $1,237.86, the highest level since Sept. 17, according to Bloomberg generic pricing. The metal advanced after Fed Vice …
NEW DELHI: After two days of gains, gold prices eased by Rs 20 to Rs 27,580 per ten gram in the national capital today owing to slackened demand at prevailing higher levels amidst a weak global trend. Silver also declined by Rs 250 to Rs 39,000 per kg …
In this week's discussion we revisit our earlier analysis looking at the relationship between the gold price and real interest rates. Over the last three months the gold price in dollar terms has fallen 9% moving briefly below $1,200 and naturally …
New Delhi: Tracking a firming global trend, gold prices rose 0.55 per cent to Rs 27,119 per ten gram in futures trade on October 14 as speculators enlarged positions. At the Multi Commodity Exchange, gold for delivery in December contracts moved up by …