Gold Prices Gain as Investors Eye European Cash Infusion
(TheStreet
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29/02/2012)
Gold prices were rising Tuesday as investors shrugged off surging U.S. consumer confidence data and focused on the pending launch of a European refinancing operation. For more on this
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Modest uptick reported for Indian physical demand of gold: HSBC
(Commodityonline
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29/02/2012)
Physical demand for gold has been quiet in recent weeks, but merchants have reported a modest uptick in Indian demand recently, said HSBC in a research note. According to HSBC, Indian demand is strongly influenced by the value of the Indian rupee. In
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Silver futures surge 0.73 pc on overseas trend
(Reuters
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29/02/2012)
Silver prices shot up by 0.73 per cent to Rs 61,327 per kg in futures trading today largely supported by a firming trend overseas as a weaker dollar spurred demand for the precious metals an alternative investment. At the Multi Commodity Exchange, silver
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Precious metals bullish: gold eyes $1800, silver soars to $36.8
(Commodityonline
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29/02/2012)
Precious metals complex witnessed uptrend on Tuesday with Comex March silver contract surging to a fresh five-and-half month high of $36.215 while gold edged up on technical buying. At India’s Multi Commodity Exchange (MCX), silver March contract soared
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Gold edges up ahead of ECB loan offer
(The Economic Times
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29/02/2012)
Gold edged higher on Wednesday, after rallying 1 percent in the previous session, supported by expectations for more cheap loans to be offered by the European Central Bank later in the day. Cash gold was on course for a monthly gain of 2.6 percent in
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India gold futures seen gaining further; copper flat
(The Economic Times
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29/02/2012)
Indian gold futures are likely to extend the previous session's gains on Wednesday following a similar trend in overseas markets, though a stronger rupee could limit the upside, analysts said. * The most-active April gold on the Multi Commodity Exchange
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Gold rises Rs 45, Silver up by Rs 200
(Business Standard
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28/02/2012)
Both gold and silver extended gains for the second straight day in the bullion market here today on sustained buying by stockists to meet the marriage season demand amid a firming global trend. While gold rose by Rs 45 to Rs 28,940 per 10 grams, silver
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Silver volatility low, best performing precious metal in 2012
(Commodityonline
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28/02/2012)
Volatility in silver prices have fallen to a 16-month low which could have helped the precious metal to break the key resistance level of $35 an ounce last week, according to ETF Securities Ltd. US silver futures for May delivery has advanced to $35.604
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Marginal fall in gold futures
(The Hindu Business Line
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28/02/2012)
Gold futures prices declined marginally by Rs 36 to Rs 29,078 per 10 grams today due to a weakening trend overseas as strengthening dollar curbed the demand for the precious metal. At the Multi Commodity Exchange, gold for delivery in June fell Rs 36 or
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Gold seen steady, copper lower on global cues
(Reuters
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28/02/2012)
Indian gold futures are likely to open little changed on Tuesday in the absence of clear direction from overseas markets. World gold prices were steady, trapped in a tight $4 range below $1,770 per ounce, as a major cash injection action by the European
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Gold struggles to test $1800 on lingering uncertainties, uptrend seen
(Commodityonline
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28/02/2012)
US gold futures eased to $1773.85 an ounce after struggling to test $1800 resistance levels on Monday on profit taking, weaker Euro and weak physical demand. Trading volumes were 70% below the 30-day average. But the yellow metal could continue uptrend
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Barclays: Gold to average $1700/oz in Q1 12, $1875/oz in 2012
(Commodityonline
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28/02/2012)
Gold prices are taking a breather after rallying to levels last seen over three months ago. While the broader macro backdrop remains gold-favourable given the negative interest rate environment, lingering sovereign debt uncertainties and the weakening of
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Gold meets temporary resistance but still on course to target $1800
(FastMarkets
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28/02/2012)
Mixed indicators were again seen from the financial markets yesterday as equities and gold surrendered the day gains to close flat while oil closed in negative territory, with WTI crude off 1.1%. The Dow closed virtually unchanged despite
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Precious Metals Settle Higher on Weak US Dollar
(Forexpros
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28/02/2012)
Spot gold prices rose sharply by around 3 percent in the last week mainly on the back of weakness in the US dollar, as a weaker dollar makes dollar-denominated commodities look attractive for holders of other currencies. Moreover, rally in crude oil
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COMMODITIES-Oil's downturn hits gold, lifts copper
(Reuters
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28/02/2012)
Commodity markets closed mixed on Monday, with crude oil finishing lower as the dollar strengthened and G20 officials expressed concern over high energy prices, but the end of oil's seven-day rally boosted industrial metals. Gold seesawed, finally edging
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Russia's gold production to hit 7.9 mn ounces by 2015
(Commodityonline
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27/02/2012)
Russia is expected to increase gold production to7.9 million ounces by 2015, according to a market survey report 'Russian Gold Industry in 2011 provided by Interfax Europe. Russia's gold production has increased by 38% since the collapse of the Soviet
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Gold Prices Waver on U.S. Housing Data
(TheStreet
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27/02/2012)
Gold prices settled marginally lower Friday after a better-than-expected reading on U.S. home sales offered more evidence of a stabilizing economy. Gold for April delivery shed $1.50 to settle at $1,774.90 an ounce at the Comex division of the New York
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Gold Stocks at the End of Wall of Worry Stage
(Resource Investor
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27/02/2012)
Over the past few months we’ve analyzed gold stocks from a historical perspective. We’ve compared this bull market to the past bull market as well as historical bull markets in equities. We’ve found that nothing is out of the ordinary. Gold stocks are
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Gold and silver ETFs and COMEX net gold longs on the rise
(Mine Web
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27/02/2012)
The U.S. dollar gold price dropped to $1764 an ounce Monday morning London time - a 0.5% fall from Friday's close - while stocks, commodities and the Euro all lost ground. Germany's DAX index was down 1.1% by lunchtime, after G20 finance ministers over
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Gold Price Steady, Still “Surprisingly Under-Owned”
(IBTimes Gold
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27/02/2012)
The gold price held near unchanged at $1,773 per ounce as U.S. financial markets opened modestly lower Monday morning. The price of gold fell to $1,763 in overnight trading as the U.S. dollar rallied, but subsequently recouped its losses. The S&P 500
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Gold retreats from 10-week highs in line with euro, stocks
(Reuters
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27/02/2012)
Gold prices fell 1 percent on Monday, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on the fledgling economic recovery fuelled risk aversion. Spot gold was down 0.9
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Gold may drift lower; crude oil looks bullish
(Thehindubusinessline
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26/02/2012)
Global commodity prices buoyed last week driven by a combination of rising geopolitical concerns and steadily improving macroeconomic data transforming the sentiment across commodity markets, be it energy or metals and propelling prices higher. Crude oil
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Gold, Silver Hit 2012 Highs As Dollar Slips
(The Wall Street Journal
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26/02/2012)
Gold and silver both settled at 2012 highs on Thursday, as a weaker dollar and political tension over sanctions on Iran boosted demand for the metals as alternative assets. For more on this
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Gold Falls In Asia As Investors Take Profits
(The Wall Street Journal
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26/02/2012)
Gold prices slipped in Asian trading Thursday, as investors locked in profits from a technically driven rally during the previous session. Spot gold was trading at $1,773 a troy ounce at 0600 GMT, down $2.80 from its previous close and $8.70 off
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Gold Prices Fall as U.S. Outlook Strengthens
(The Street
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26/02/2012)
Gold prices were falling Friday after a mixed report on U.S. new-home sales and a better-than-expected uptick in consumer sentiment. Gold for April delivery was shedding $9.20 at $1,777.10 an ounce at the Comex division of the New York Mercantile
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