Gold ticks lower after 7-day winning streak
(Business Standard
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19/06/2012)
Gold edged down on Tuesday as equities gave up some of the gains driven by enthusiasm over a weekend victory for pro-bailout parties in Greek elections, and investors shifted their focus to a policy meeting by the U.S. Federal Reserve. Investors are
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PRECIOUS METALS: Gold Under Pressure in Asia; Fed Meeting in Focus
(The Wall Street Journal
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19/06/2012)
Gold was under pressure in Asian trading Monday, but pared some early losses, with the market now expecting the metal to take cues from a Federal Reserve meeting this week. Some traders attributed the initial dip in prices to profit-taking after news
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PRECIOUS METALS: Gold Falls After Greek Elections; Downside Limited
(The Wall Street Journal
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19/06/2012)
Gold prices fell in early Asian trading Monday, as investors took profits from Friday's safe-haven buying after news that the pro-bailout New Democracy party won Greek elections Sunday, soothing immediate investor concerns over the country's future in
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Gold support 1580, 1560; gold/silver ratio to rise to 57.50: Barclays
(Commodityonline
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18/06/2012)
Gold prices could move to $1640 per ounce but in the near term support is seen at $1580, 1560 while resistance is seen at 1641 and 1630, according to Barclays Research. With silver struggling to gain bullish traction, gold/silver ratio may extend toward
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Gold snaps 6-day streak of gains after Greek vote
(Business Standard
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18/06/2012)
Gold fell for the first time in seven sessions on Monday as the risk of a Greek exit from the euro zone subsided after parties backing a bailout for the country won an election, denting the metal's safe-haven appeal. The initial vote results drew
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Gold stays ahead of base metals, energy pack
(Commodityonline
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17/06/2012)
After witnessing bearish trend for a few weeks, gold has rebounded and leads the commodities pack once again even as weakness is persisting in base metals and energy. US Gold has gained 3.8% this year at $1623 an ounce and according to Commodity Futures
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Gold to take out previous highs in 2012: SEB
(Commodityonline
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17/06/2012)
Gold is set to take out previous highs in this year, said SEB Commodity Research in a monthly commodity research note. SEB stated that, “We still expect gold to take out previous highs in 2012 though we think that there is a risk that gold has already
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Gold slips from record high on fall in demand
(The Economic Times
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17/06/2012)
Snapping a six-session long rising streak, gold today fell from record by losing Rs 70 to Rs 30,500 per 10 grams in the national capital on reduced offtake at prevailing higher levels. However, silver recovered by Rs 270 to Rs 55,000 per kg on fresh
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Gold continues to hit new highs, silver slips
(The Economic Times
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17/06/2012)
Gold continued its record-breaking journey at the bullion market here today and hit new highs on consistent buying from stockists and retail investors backed by strong global cues. In contrast, silver declined further due to sustained profit-taking by
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Gold Higher on Greek Hedge Appeal (Update 1)
(The Street
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16/06/2012)
Gold prices rose Thursday, thanks to the yellow metal's appeal a hedge for investors ahead of general elections in Greece this weekend. For more on this
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Gold price surges to a new high
(The Times of India
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16/06/2012)
Gold price on Thursday surged to a fresh high of Rs 30,550 in the Capital, tracking global prices which have shot up due to the volatility in the eurozone and rush by investors to embrace the yellow metal. Gold rose Rs 130, surpassing its previous record
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Gold price scales new historic peak
(The Financial Express
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16/06/2012)
Gold prices spurted and scaled fresh all-time highs at the bullion market here today following heavy off-take by stockists and investors triggered by bullish trend in international market. Silver tracked the yellow metal and gained on good speculative
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Gold price at all-time high of Rs 30,550
(The Indian Express
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16/06/2012)
Gold prices surged to an all-time high of Rs 30,550 per 10 gm in the national capital today on sustained buying by jewellers for the coming marriage season amid a firming global trend. The gold today climbed Rs 130 level, surpassing its previous record
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Gold to take out previous highs in 2012: SEB
(Commodityonline
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16/06/2012)
Gold is set to take out previous highs in this year, said SEB Commodity Research in a monthly commodity research note. SEB stated that, “We still expect gold to take out previous highs in 2012 though we think that there is a risk that gold has already
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Gold outlook to be clearer after Greek elections, FOMC meeting
(Commodityonline
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16/06/2012)
The outlook for gold should become more apparent a week from now after weekend elections in Greece and a meeting of the Federal Open Market Committee, said a London-based broker and market maker, Triland Metals in a commodities research note. Much of the
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Indian Gold breaks back to back records in 3 days, Silver drops
(Commodityonline
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16/06/2012)
Indian gold prices continued to break back to back records in last three days this week while silver prices dropped sharply. Indian Gold advanced by Rs. 20 to set a new record of Rs. 30,570 per 10 grams in the national bullion market on Friday as weak
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EU debt crisis to boost Gold demand significantly: Commerzbank
(Commodityonline
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14/06/2012)
The ongoing European debt crisis is likely to mean more gold demand from investors and central banks, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank. According to the German bank, the metal rose back above $1,600 an ounce
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Silver futures move up to Rs 58,282 per kg
(The Hindu Business Line
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14/06/2012)
Taking positive cues from the overseas markets and firm spot demand, silver maintained its upward journey with prices rising further by 0.7 per cent to Rs 58,282 per kg at the futures trade today. At the Multi Commodity Exchange, silver for delivery in
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SMX E-Gold futures complete first daily settlement
(Business Standard
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14/06/2012)
Singapore Mercantile Exchange (SMX), the first trans-Asian multi-product commodity and currency derivatives exchange, today announced the successful completion of its first daily settlement of the E-Gold futures based on the Indian gold price. The
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Gold futures may open at Rs 30,020 per 10 gm
(The Hindu Business Line
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14/06/2012)
Gold futures at the Multi Commodity Exchange may open marginally lower today following Moody’s downgrade of Spain and Cyprus. Spain and Italy have appealed to European policy makers to step up their response to the crisis after a €100-billion ($125
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Gold trades flat, traders seek price direction
(Business Standard
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13/06/2012)
Indian gold was trading flat on Tuesday as support from a falling rupee outweighed weak overseas leads, and physical traders kept to the sidelines for want of direction. At 2:30 pm the most-active gold for August delivery on the Multi Commodity Exchange
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The return of Bearish trends in Gold and Silver
(Commodityonline
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13/06/2012)
Gold has been regaining its safe haven appeal from time to time in recent weeks, however, the present trend indicates a bearish trend in the near term. Gold has stayed above $1600 despite falling slightly in early electronic trading on Wednesday with
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Gold behaving more like safe-haven again: Commerzbank
(Commodityonline
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13/06/2012)
Gold is behaving more like a safe haven again, said Commerzbank, the second-largest bank in Germany, after Deutsche Bank. According to the German bank, in a weak overall market environment, the metal remains just shy of $1,600 an ounce, the bank points
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Gold futures may open higher at Rs 29,950/10 gm
(The Hindu Business Line
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13/06/2012)
Gold futures may open higher as most Asian equity markets gained. Japan’s machinery orders topped economists’ estimates while the European Central Bank endorsed a plan to guarantee bank deposits. Talks on stimulus package for US economy are still going
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Gold, Silver Shares Mixed, Precious Metals Settle Higher
(IBTimes Gold
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12/06/2012)
Precious metals bounced back from earlier losses to settle modestly in the black at the COMEX on Monday, despite a concurrent rebound in the U.S. dollar. COMEX gold futures for August delivery finished up by $5.40, or 0.3%, at $1,596.80 per ounce
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