Comex gold futures looks likely to end the week unchanged at around $1,662 despite a peak-to-trough sell-off of $52 during the week. The dollar index at 78.9 also looks to be down just about 0.6% for the week as of Asia opening on Friday. Gold futures

Zurich based UBS bank has cut their 2012 gold forecast by 18% owing to improved indications of US recovery. 2012 gold prices is now expected to average $1680/oz as against the previous forecast of $2050/oz. “The view that the U.S. economic recovery is

Gold’s London AM fix this morning was USD 1,660.75, EUR 1,245.31, and GBP 1,038.68 per ounce. Yesterday's AM fix was USD 1,655.75, EUR 1,245.86 and GBP 1,041.22 per ounce. Gold fell $3.00/oz. or 0.18% in New York yesterday and closed at $1,660.10/oz.

On Wednesday, gold futures for April delivery fell $27 to settle at $1,657.90 per ounce, while silver futures dropped more than 60 cents to fall below $32. Both precious metals declined after a report by CPM Group suspects that the peak in gold prices

Physical demand remains lackluster, and Barclays Capital says another important price-support is sagging. Exchange-traded product “holdings have started to trickle lower with metal held in trust falling by 2.1 (metric tons Tuesday),” they added.

Gold was at a 2-wk high just below 1700 in the US Tuesday. Comments from the US Fed Chairman Ben Bernanke's that easing monetary bias would continue revived hopes of QE-3 and sent Gold higher on Monday.

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AngloGold Ashanti says gold prices should average between $US1,700 and $US1,800 per ounce this year amid strong demand from China and India. Chief executive Mark Cutifani also says the gold price could peak "well over $US2,200" an ounce in coming years.

The head of Newmont Mining told CNBC Monday he sees the price of gold rising to $2,000 an ounce and the time to buy it is now before inflation "comes roaring back."

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Tracking a weak trend overseas, silver prices declined 0.18 per cent to Rs 57,300 per kg at the futures trade today. At the Multi Commodity Exchange, silver for delivery in May fell Rs 105 or 0.18 per cent to Rs 57,300 per kg with a business turnover of

Gold and other markets rallied on Monday following Federal Reserve Chairman Ben Bernanke’s comments regarding the U.S. labor market. The length and strength of the gold rally could be subject to investor’s view of monetary policy, said HSBC in a research

Indian gold imports is set to crash by over 50% in 2012 owing to high prices and increasing taxes imposed by the government, as per the Bombay Bullion Association (BBA). India is the world's biggest gold market and such a big fall in imports could

Indian gold futures, which rose to their highest level in more than a week on Tuesday, are likely to extend gains bolstered by a weaker dollar overseas, though volumes are expected to remain lower on jewellers strike, analysts said. The most-active gold

Last week's break and rebound was a test of the 61.8% retracement of gold's move from $1,523.90 to $1,792.70 an ounce, said Walter Zimmerman, Jr., chief technical analyst at United ICAP. For the rebound to have legs, bulls need gold to close over $1,730,