Barclays becomes at least the fourth major investment bank since late March to lower its gold-price forecast, cutting its 2012 outlook 8% to $1,716/troy ounce. Roughly the same rationale underlies each cut — investors seem perfectly happy turning to the

Gold prices are set for a 12th consecutive year of gains despite volatility, with investor demand likely to be spurred by unfolding euro zone sovereign debt crisis, a senior official of the World Gold Council (WGC) said on Thursday. Gold is often bought

Barclays Capital has cutback on their price projections for precious metals like gold and platinum as both these have been behaving like risk assets, the bank's latest report says. "While the macro backdrop remains positive, gold has behaved closer to

Gold prices fell further at the bullion market here today on consistent selling by stockists amidst lower jewellery off-take on the back of bearish overseas market. Silver also witnessed heavy speculative sell-off from investors owing to lack of

Worries about political and economic turmoil in the euro zone Wednesday pushed gold futures to their lowest settlement price of 2012, as investor demand for the perceived safety of the U.S. dollar limited the appeal of precious metals. The most actively

The midweek trading session in New York opened to and continued to witness additional long liquidation among holders of gold, silver, platinum, and palladium positions. The US dollar’s vault to above the 80.00 mark on the trade-weighted index and the

China gold imports were six times higher in the quarter ended March 31 at 135.53 tn, up from mere 19.73% in the same period last year, the Census and Statistics Department of Hong Kong government was quoted by a Mangal Keshav commodities report. The

The break under $1,600 an ounce for gold may finally attract buyers to the yellow metal, freshening the recent stale price action seen lately, said Edel Tully, precious metals strategist at UBS. Although the European sovereign debt risks,

Asia's bullion market stirred on Wednesday after gold slumped over 3 percent over two days to a four-month low as buyers cautiously took advantage of the price drop. Spot gold dipped to a four-month low near $1,580 an ounce, extending a 2-percent decline

Palladium is expected to beat platinum in 2012 as the auto-catalyst demand favours palladium, a recent report by ETF securities suggest.

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Gold futures may continue its downtrend on the back of strong dollar. Asian equity markets have opened weak. MCX gold June contract may open at Rs 28,640 per 10 grams against yesterday’s close of Rs 28,670. In Mumbai spot market, the yellow metal opened

At the Multi Commodity Exchange of India (MCX), gold and silver prices are trending down on Tuesday morning trade, tracking movements in the international market. MCX gold June contract is trading at Rs 28818, down 0.42% as of 10:48 AM IST while MCX

A global financial services firm, Morgan Stanley said that it remains bullish on gold, silver, platinum and palladium among commodities and old-crop grains, or those for futures contracts reflecting the last crop rather than the next one. As for gold,