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Gold drops to 8-week low (Arab News - 29/05/2016)

Gold slid to an eight-week low on Friday and was heading for a fourth consecutive weekly drop as growing speculation that the Federal Reserve will press ahead with interest rate hikes hurt investor demand. Spot gold was down 0.3 percent at $1,215.39 an

Gold drops to seven-week low (Arab News - 26/05/2016)

Gold fell to a seven-week low on Wednesday after upbeat US home sales data in the previous session boosted expectations that the US Federal Reserve will press ahead with interest rate hikes in the near term. Spot gold was down 0.5 percent at $1,220.41 an

Gold hits 4-week low (Arab News - 25/05/2016)

Gold fell to a four-week low on Tuesday as hawkish comments from US Federal Reserve officials in the previous session sent the dollar to a two-month high against a currency basket. Silver was down 0.6 percent at $16.31 an ounce, after earlier hitting a

Goldman Sachs cuts equities to ‘neutral’, upgrades commodities (Gulfnews - 19/05/2016)

Goldman Sachs downgraded equities to “neutral” over a 12-month time-frame on growth and valuation concerns, but upgraded commodities to “neutral” on a three-month basis saying there was less downside potential to oil prices. “Until we see sustained

Paulson slashes gold stake as Soros buys shares in Barrick (Gulf Times - 18/05/2016)

Billionaire hedge-fund manager John Paulson retreated from gold for a second quarter, even as prices posted the biggest jump in three decades, while Soros Fund Management LLC bought shares in Barrick Gold Corp. At the end of March, Paulson & Co owned

Gold may fuel Islamic finance (The National - 16/05/2016)

With the Islamic finance industry set to be worth US$3 trillion in the next decade, gold could be a catalyst for its growth with the setting of new regulations that will allow Islamic investors for access to gold-based products for the first time. The

Gold price moves off 2-week low (Arab News - 12/05/2016)

Gold rebounded from two-week lows on Wednesday as the dollar’s rally paused and European shares fell, rekindling investors’ appetites for the precious metal. Spot gold rose 1 percent to $1,277.56 an ounce by 1200 GMT, while US gold for June delivery

Goldman raises gold price forecasts on weaker greenback (Reuters - 11/05/2016)

Goldman Sachs on Tuesday raised its gold price forecasts for the coming months, citing stronger net speculative positioning and a recently weaker U.S. dollar. The influential bank said it has revised its three-, six- and 12-month price outlooks for gold,

Gold edges higher as US dollar slips (Bullion Desk - 11/05/2016)

The gold price edged higher during Asian trading hours on Wednesday amid a weaker US dollar. Spot gold was last at $1,270-1,270.30 per ounce on Wednesday, up $3.70 from Tuesday’s close. Trading ranged at $1,264.80-1,271.20 so far. “Gold could correct

Gold price rises about $5 (APA - 11/05/2016)

The U.S. Dow Jones stock index rose by 1.26% to 17,928.35 points, S&P 500 went up 1.25% to 2,084.39 points and the NASDAQ grew 1.26% to 4,809.35 points. In European stock markets, FTSE 100 index ascended by 0.68% to 6,156.81 points, French CAC-40

Gold slides with other commodities (Arab News - 10/05/2016)

Gold fell more than 1 percent on Monday as the strengthening dollar and a sharper appetite for assets seen as higher risk sparked selling across commodities. The metal’s failure to break back above $1,300 in the wake of a weaker than expected US jobs

Gold falls for fourth straight session on dollar rebound (Khaleej Times - 07/05/2016)

Gold fell for a fourth consecutive session on Thursday, edging further away from a 15-month peak as the dollar rebounded on optimism the US economy could bounce back after nearly stalling in the first quarter. Data on Wednesday showed the US services

Commodities fired up by fading dollar (Gulf Times - 05/05/2016)

The Bloomberg commodity index has rallied by almost 18% since hitting a 17-year low back in January. The strong rally has attracted investors back into an asset class which for the best part of five years had been out of favour. Oversupply of key

Gold crosses $1,300 threshold as rates outlook undermines dollar (Gulfnews - 04/05/2016)

After three years of being scorned, gold is making a powerful comeback. Prices briefly pushed above $1,300 an ounce on speculation that the US central bank will be slow to tighten policy further, bolstering the metal’s appeal as the dollar sagged.

Gold hits 15-month high above $1,300 (Arab News - 03/05/2016)

Gold rose to a fresh 15-month peak on Monday in holiday-thinned trade as an early retreat in the dollar drove prices higher, though it later eased back below $1,300 an ounce as the US currency pared losses. Many Asian markets and London were closed for

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