Silver to bounce back, rally likely in coming months
(Commodityonline
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31/05/2012)
There is a lot of speculation that silver will rebound from lower levels in the coming months. The speculation comes as analysts predict that manufacturing will expand in key economies like China and USA which will likely boost the demand for the metal.
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Pace of Dollar gains impacting Gold market
(Commodityonline
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31/05/2012)
It’s the pace of dollar gains, rather than greenback strength itself, that is affecting gold, said Standard Bank in a snippet. According to the bank, euro has hit a nearly two-year low against the dollar, which has taken a toll on precious metals. It
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Gold Advances in London as Weaker Dollar Bolsters Demand
(Bloomberg
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31/05/2012)
Gold, heading for its longest run of monthly losses in almost 13 years, gained in London as a weaker dollar bolstered demand for commodities. The euro rose from the weakest level in almost two years against the dollar as Spanish and Italian bonds rallied
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Gold futures down at Rs 29,065 per 10 gm
(The Hindu Business Line
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31/05/2012)
Gold futures traded 0.18 per cent lower at Rs 29,065 per 10 gm today largely in tandem with a weakening trend overseas amid subdued spot demand. At the Multi Commodity Exchange, gold for delivery in June traded lower by Rs 52 or 0.18 per cent at Rs
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Gartman cuts Gold position after chart reversals
(Commodityonline
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31/05/2012)
Investor and newsletter writer Dennis Gartman said that he is cutting his gold position one day after he was on the verge of increasing it. On Tuesday, Gartman said he was ready to add to the position if gold broke above 1,260 euros and held there for an
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Gold may be ending its 11- year uptrend in 2012
(Commodityonline
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31/05/2012)
Gold prices continue to remain depressed on Eurozone crisis, falling demand in Indian markets due to weak Rupee and increase in import duty on the yellow metal. After a 11 year bull run is gold preparing for a major set back in 2012? The following facts
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US Gold rallies late as risk rout revives haven bid
(Business Standard
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31/05/2012)
Gold staged a dramatic mid-session turn-around in heavy trade on Wednesday, rebounding more than $30 an ounce as a deepening sell-off in riskier assets rekindled safe-haven demand and technical bids kicked in at a key support level. The abrupt reversal
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Gold may be ending its 11- year uptrend in 2012
(Commodityonline
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30/05/2012)
Gold prices continue to remain depressed on Eurozone crisis, falling demand in Indian markets due to weak Rupee and increase in import duty on the yellow metal. After a 11 year bull run is gold preparing for a major set back in 2012? The following facts
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Recent Dollar strength limiting upside for Gold: Commerzbank
(Commodityonline
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30/05/2012)
Gold has bounced from last week’s lows but rallies have stalled so far around the $1,580-an-ounce level, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank. The price continues to be kept in check by the still-firm US dollar. The
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Silver futures skid on poor demand
(The Hindu Business Line
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30/05/2012)
Silver prices declined by Rs 203 to Rs 55,220 per kg in futures trading on Wednesday largely in line with a weakening trend overseas amid subdued spot demand. At the Multi Commodity Exchange, silver for delivery in September declined by Rs 203, or 0.37
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Gold hits one-week low on euro weakness
(The Economic Times
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30/05/2012)
Gold dipped to a one-week low on Wednesday, tracking a weaker euro on heightened worries about the euro zone debt crisis as Spain's borrowing costs spiralled towards unsustainable levels. Gold has recently been moving in lockstep with the single
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Gold to focus US ISM, jobs data, implications for fed policy: UBS
(Commodityonline
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30/05/2012)
Much of the focus for gold this week will be on U.S. economic data and the implications for future monetary policy from the Federal Open Market Committee, said Union Bank of Switzerland (UBS) in a commodities research note. The key reports will be
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Gold to hit $4,000/oz, Silver to $100 by 2017: Ross Norman
(Commodityonline
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29/05/2012)
Gold prices to reach $3,000-4,000 per ounce range within five years, said Ross Norman at the inaugural Dubai Multi Commodities Centre Precious Metals Conference. One of the most articulate analysts in the market Ross Norman maintains that “there is no
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Gold demand tepid as prices climb
(Business Standard
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29/05/2012)
Gold prices in India, one of the world's leading consumers, climbed on Monday in line with firm global markets but the rise depressed physical demand just ahead of a lean season. The most-active June delivery on the Multi Commodity Exchange (MCX) was up
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Silver moves up on higher global cues
(Business Standard
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29/05/2012)
Supported by a firming global trend, silver traded higher by Rs 0.21% to Rs 54,596 per kg in futures trade today. At the MCX, silver for delivery in July rose by Rs 117, or 0.21% to Rs 54,596 per kg in business turnover of 13,349 lots. The September
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Gold prices pare gains as euro slips lower
(The Economic Times
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29/05/2012)
Gold pared gains on Monday as the euro slipped back into negative territory versus the dollar in US holiday-thinned trade, but the precious metal held above $1,570 an ounce as investors bet last week's price drop had been overdone. Gold is down more than
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Gold Set for Worst Run Since 1999 as Dollar Strengthens
(Bloomberg
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29/05/2012)
Gold declined for the first time in three days, set for the worst run of monthly losses since 1999, as concern that Europe’s fiscal turmoil is worsening boosted the dollar. Platinum fell. Spot gold lost as much as 0.6 percent to $1,571.43 an ounce and
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PRECIOUS METALS: Gold Rises In Asia; Weaker Dollar Boosts Buying
(The Wall Street Journal
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28/05/2012)
Gold prices rose in Asian trading Monday, as a softer U.S. dollar fueled bargain buying following losses earlier this month. Spot gold was trading at $1,577.57 a troy ounce at 0520 GMT, up 0.2% from its previous settlement. Prices rose across the
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Gold retains bullish outlook, $1665/oz forecast for Q2, 2012: Barclays
(Commodityonline
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28/05/2012)
Gold prices are under pressure trading below $1600 but given the bullish macro-environment, concerns over long term inflation and continued central bank buying, the near-term prospects for gold is bullish, according to Barclays Capital. Barclays said
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Gold may range bound until Greek elections: MKS Capital
(Commodityonline
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28/05/2012)
Gold may range bound until Greek elections, said MKS Capital in a commodities briefing. According to MKS Capital, gold prices may trade in a range, with $1,520-$1,530 an ounce as support and with initial resistance at the overnight high of $1,575-$1,577,
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Gold Falls In Asia As Euro-Zone Fears Weigh
(The Wall Street Journal
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27/05/2012)
Gold fell in Asian trading Friday as investors exercised caution amid persistent concerns over the euro-zone debt crisis. For more on this Click Here
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PRECIOUS-Gold weakens on euro, on track for 6 pct loss in May
(Reuters
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27/05/2012)
Gold tracked the euro lower on Friday en route to its weakest monthly performance since December, pushed down by fears that the debt crisis in Europe could spiral out of control and trigger a global economic slowdown. Though traditionally seen as a safe
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PRECIOUS METALS: Gold Rebounds After Three-Day Selloff
(The Wall Street Journal
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27/05/2012)
Gold futures gained for the first time this week on Thursday, as a brief pause in the dollar's upward march spurred some investors who had bet on lower prices for the precious metal to close out those bets. For more on this
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Gold may not rally until European uncertainty abates: TD Securities
(Commodityonline
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27/05/2012)
Gold may not rally strongly until there is more clarity on Europe, said TD Securities (TDS) in a commodities briefing. TDS is the global wholesale banking arm of Toronto-Dominion Bank Financial Group. According to TDS, in recent years, the metal tended
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Central banks purchase 70.3 tonnes of Gold in April: IMF
(Commodityonline
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27/05/2012)
World's central bank gold purchasing reached 70.3 tonnes in April this year, as per the latest official Central Bank gold holding figures from the International Monetary Fund (IMF). World's central banks continue to increased their foreign exchange
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