Gold loses heavily on selling, global cues; silver also slips
(The Economic Times
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30/06/2012)
Gold prices today continued their downward trend at the bullion market here and tanked by over Rs 300 on consistent selling by stockists and investors amidst bearish global markets. Silver also dropped owing to heavy speculative selling, coupled with
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Gold pares worst quarterly loss in eight years on Europe deal
(Bloomberg
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30/06/2012)
Gold today rebounded from a four-week low, paring the biggest quarterly drop in eight years, as the dollar weakened after European leaders took steps to resolve the region's debt crisis. Gold rose 2.76 per cent to USD 1,594.80 an ounce on the Comex in
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Gold to rise sharply in second half of 2012: Commerzbank
(Commodityonline
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30/06/2012)
Gold to rise sharply in the second half of this year and platinum group metals also looks positive, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank. The bullion is still down more than 6 percent in the second quarter, its
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Gold prices up on EU news
(Commodityonline
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30/06/2012)
Gold prices are rising on the news out of the EU Summit that has produced some progress on the sovereign debt problems plaguing the eurozone. According to RBC Capital Markets, investors are taking advantage of the recent drop in prices to rebuild bullish
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MCX gold opens higher at Rs 29,687 per 10 gm
(The Hindu Business Line
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30/06/2012)
Gold for delivery in August on the Multi Commodity Exchange opened marginally higher at Rs 29,687 per 10 grams today against yesterday's close of Rs 29,652. The yellow metal may range between Rs 29,690 and Rs 29,610. Mumbai spot gold was trading lower at
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Gold bears continue to retain upper hand
(Commodityonline
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28/06/2012)
USGold futures have failed to make gains from the European Union meeting as news spread that the summit would not be successful in tackling the region's debt crisis, since the leaders seems to be unusually divided this time. Gold edged up on Thursday
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Gold futures likely to open higher
(The Hindu Business Line
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28/06/2012)
Gold prices may move up at the futures market on Thursday. Rupee is likely to depreciate further against dollar. This will help gold prices to gain. MCX Gold August contract closed at Rs 29,997 per 10 grams on Wednesday. Gold in Mumbai spot market opened
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Central banks Gold buying news failed to rally prices: HSBC
(Commodityonline
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28/06/2012)
Data released Tuesday from the International Monetary Fund show that the central banks of Russia, Ukraine and Kazakhstan boosted their gold reserves in May, but this news failed to rally gold prices, said HSBC Holdings plc (HSBC), a British multinational
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Gold Drops as U.S. Data, China Speculation Temper Europe
(Bloomberg
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27/06/2012)
Gold is set to decline for a second day in London on concern Europe’s debt crisis will strengthen the dollar and curb demand for the metal as an alternative investment. Palladium dropped. Italy’s borrowing costs rose at an auction of two-year notes
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Gold to remain volatile heading into EU summit
(Commodityonline
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27/06/2012)
Gold is likely to remain volatile as traders position themselves ahead of a European Union summit on debt issues later this week. According to Societe Generale, “some of the pressure at the moment is from the stronger U.S. dollar. It’s a bit of
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Gold futures likely to gain
(The Hindu Business Line
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27/06/2012)
Gold futures may trade on the higher side amid weak industrial data released in the US on Tuesday. If rupee depreciates against dollar, gold prices will move up in the Indian market. On the Multi Commodity Exchange, August contract closed at Rs 29,964.
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Gold and equities outperform
(Business Standard
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27/06/2012)
This year, the most common advice to investors has been not to go overboard. The reason: With four days to go before June 30, all asset classes have done precious little to attract interest from retail investors. No wonder, someone like Vishal Desai, has
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Gold hardly moves, deflation fears resurface
(Business Standard
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27/06/2012)
Gold was little changed around $1,571 a n ounce on Wednesday after falling in the previous session on worries that a global economic slowdown triggered by a worsening debt crisis in Europe could prompt investors to turn to the safety of the U.S. dollar.
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Gold May Advance Before European Summit as Investors Seek Haven
(Bloomberg
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27/06/2012)
Gold may advance, paring the biggest quarterly loss since Lehman Brothers Holdings Inc. collapsed, as concern Europe’s debt crisis is worsening raises haven demand. Spot gold was little changed at $1,574.38 an ounce at 10:01 a.m. in Singapore after
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India Gold ETF holdings encouraging, but demand still weak: UBS
(Commodityonline
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26/06/2012)
Gold holdings in India’s exchange-traded funds (ETFs) are encouraging but physical demand did not pick up on gold’s pull-back late last week. According to Union Bank of Switzerland (UBS), India’s gold demand continues to struggle because of a weak
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Gold/Silver ratio to rise further on weakness in Silver
(Commodityonline
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26/06/2012)
Gold prices tumbled below $1600 to a new low for the month on dollar-strength and weaker than expected maco data. Gold/Silver ratio, which measures the number of silver ounces needed to buy an ounce of gold has risen above 57 last week. Barclays Research
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Gold futures fall on profit-booking, weak global cues
(Business Standard
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26/06/2012)
Amid profit-booking by speculators at prevailing levels and subdued trend overseas, gold futures fell by 0.70% today to Rs 29,763 per 10 grams. At the MCX, gold for delivery in August fell by Rs 211, or 0.70%, to Rs 29,763 per 10 grams, with a business
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Gold futures may trade lower
(The Hindu Business Line
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26/06/2012)
Gold futures may continue its downtrend taking cues from global markets. However, the fall in gold prices will be limited if the rupee depreciates against the dollar. The domestic unit has fallen about seven per cent this year, making it the worst
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Gold holds above $1,580 on EU summit uncertainty
(Business Standard
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26/06/2012)
Gold held steady above $1,580 an ounce on Tuesday after rising in the previous session on safe haven buying ahead of an important European summit this week, which is unlikely to produce substantial measure to solve the debt crisis. A fifth euro-zone
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PRECIOUS METALS: Gold Rises Ahead of Comex Options Expiration
(The Wall Street Journal
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26/06/2012)
Gold futures rallied Monday as investors adjusted their holdings ahead of gold options expiration Tuesday and on U.S. economic data pointing to weaker growth. The most actively traded contract, for August delivery, gained $21.50, or 1.4%, at $1,588.40
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Gold Moves Higher, Seen as Safe-Haven Play
(The Street
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25/06/2012)
Gold prices were higher Monday as gold offered a haven for investors amid sluggish U.S. economic indicators. Gold for August delivery was rising $5.60 at $1,572.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded
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Gold/Silver ratio to rise further on weakness in Silver
(Commodityonline
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25/06/2012)
Gold prices tumbled below $1600 to a new low for the month on dollar-strength and weaker than expected maco data. Gold/Silver ratio, which measures the number of silver ounces needed to buy an ounce of gold has risen above 57 last week. Barclays Research
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Silver down on profit-booking
(Business Standard
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25/06/2012)
Silver futures prices today fell by Rs 448, or 0.85%, to Rs 52,505 per kg as speculators booked profits amid a weak trend overseas. At the MCX, silver for delivery in July was trading Rs 448, or 0.85%, lower at Rs 52,505 per kg, with a turnover of 2,685
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Gold inches up after weekly drop; EU summit eyed
(The Economic Times
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25/06/2012)
Gold edged up on Monday after falling more than 3 percent last week, but interest in the precious metal could be limited by a steady U.S. dollar and deflation worries stemming from a global economic slowdown. Inflation fears have helped fuel several
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Gold futures to trade weak
(The Hindu Business Line
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25/06/2012)
Gold futures may continue to fall taking cues from global markets. On the Multi Commodity Exchange, gold August contract closed at Rs 29,977 per 10 grams. It may trade between Rs 29,900 and Rs 30,050 per 10 gram. In Mumbai, spot gold opened at Rs 2,963 a
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