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Spot gold jumps after Fed signals cautiousness (Reuters - 30/03/2016)

Gold jumped nearly 2 percent on Tuesday after comments from U.S. Federal Reserve Chair Janet Yellen indicated the central bank's cautiousness in raising interest rates. Gold is highly sensitive to U.S. monetary policy, as rising interest rates lift the

Weaker dollar lifts gold prices, but not base metals (Bullion Desk - 30/03/2016)

The precious metals were initially weak yesterday but then got a lift from Fed Chair Janet Yellen’s dovish remarks. The complex closed up an average of 1.4 percent, led by a 2.3 percent gain in platinum, while gold prices closed up 1.9 percent at

Gold pulls away from one-month low on US data (Gulfnews - 29/03/2016)

Gold edged up on Monday, as the dollar retreated after weaker-than-expected US data, but stayed close to a one-month low as investors focused on speeches by Federal Reserve officials that could give more clues on potential interest rate increases. The

Spot gold hits 4-week low (Arab News - 24/03/2016)

Spot gold fell more than two percent to its lowest in four weeks on Wednesday as the dollar strengthened following hawkish comments by Federal Reserve officials on the path of US interest rates. Gold had risen 1.2 percent in the previous session, when

Gold rallies 1% after Belgium blasts (Arab News - 23/03/2016)

Gold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. The attacks triggered security alerts across Europe that

METALS MOSTLY QUIET WITH A SLIGHT UPSIDE BIAS AHEAD OF PMI DATA (Bullion Desk - 22/03/2016)

The precious metals were mixed yesterday, with gold prices down one percent at $1,243.30, silver was unchanged while the PGMs were up an average of one percent – so on the way up the industrial precious metals were laggards, they are now giving back less

Dubai gold prices fall again as dollar strengthens (Gulfnews - 22/03/2016)

After posting significant price increases this year, it looks like gold is retracting and might head towards stability soon. Prices in Dubai dropped further on Monday, with 24-carat gold retailing at Dh150.75 as of 4pm, down from Dh152 per gram a day

AED440 million aluminum plant to be built in Abu Dhabi (Arab News - 22/03/2016)

A new aluminum rolling plant with a total investment of AED440 million is to be built in the Khalifa Industrial Zone Abu Dhabi (KIZAD), amid surging demand for flat-rolled aluminum products designed for applications in downstream industries across the

Gold declines as equity advances curb demand for haven assets (Gulfnews - 20/03/2016)

Gold futures had a fifth loss in six sessions as gains in equities reduced demand for the metal as a haven. A gauge of global stocks touched the highest since early January, while the Standard & Poor’s 500 Index rallied to erase losses incurred during

Rising gold price helps burnish mining stocks ( Strait Times - 19/03/2016)

The surging gold price has lifted gold mining stocks in Singapore. The precious metal has jumped almost 20 per cent in price since the end of last year to trade above US$1,250 per ounce in recent weeks. Of the three gold miners listed on the Singapore

Gold’s Price Today Finds Support Below $1250 (Economic Calendar - 19/03/2016)

With mixed market influences on Friday and consolidation into the weekend, gold’s price today eventually found solid support below US$1250 per ounce. Gold prices have climbed to highs just above US$1265 in early Asian trading on Friday as it attempted to

Gold at lowest in almost two weeks ahead of Fed meeting (The Gulf Today - 16/03/2016)

Gold fell to its lowest in almost two weeks on Tuesday ahead of a Federal Reserve meeting that is expected to give clues on the pace of future US rate rises. Spot gold fell to $1,225.70 an ounce, its lowest since March 2, in earlier trade and was down

Metals looking tired, weaker oil and firmer dollar may act (Bullion Desk - 15/03/2016)

The base metals have started to look tired and most metals eased yesterday, the exception was tin that held steady with a 0.7 percent gain to $16,885, copper was little changed at $4,954.50, while the others were down by an average of one percent.

Commodity price rally unsustainable, says Goldman (Arab News - 09/03/2016)

Oil prices edged lower on Tuesday in volatile trading after Kuwait said it would agree to an output freeze only if all major producers took part and Goldman Sachs analysts poured cold water on prospects for a sustained rally. Brent crude futures were

Copper extends fall on China trade slump, nickel plunges (Arab News - 09/03/2016)

Copper slid on Tuesday, on track for its biggest daily loss in four months, as weak trade numbers from top consumer China led funds to reverse their bets on higher prices. Benchmark copper on the London Metal Exchange was down 2.4 percent at $4,878 a ton

Gold to average $1,200 through 2016 (Gulfnews - 07/03/2016)

Gold, which has staged a stellar performance this year - climbing about 19 per cent in less than three months - has prompted some analysts to revise their price forecast for 2016. A recent analysis of ABN Amro suggests that the precious metal should

Gold evolves from a ‘barbaric relic’ to biggest winner of 2016 (Gulfnews - 01/03/2016)

The precious metal is the year’s best-performing major asset. Its 15 per cent gain is topping gauges of high-yield and investment grade bonds, Treasuries, all currencies and major stock indexes in developing and emerging countries. Turmoil across global

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