Yellow metal shines as dollar, US Treasury yields weaken

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal after rising safe-haven demand on the back of easing greenback and weakness in US Treasury yields.

The US Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Fe

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GOLD

Gold on Wednesday 21st June 2017, Gold prices Up by 51 pts closed at 28577 trading range between 28448-28634 and June Comex Gold futures closed at $1245.8 division of the New York Mercantile Exchange.

Overnight, gold prices traded above breakeven on Wednesday, as the dollar faded despite data showing that U.S. existing home sales unexpec

22/06/2017 11:24:27 AM | Posted in Commodities Reports read full news
Gold rises as oil price slump boosts safe haven demand

By Nithin ThomasPrasad

BENGALURU  - Gold prices rose for a second straight day on Thursday as risk averse sentiment amid weaker oil prices drove up the demand for the metal, with a softer dollar and weakness in U.S. Treasury yields also lending support.

Spot gold rose 0.5 percent to $1,252.41 per ounce at 0812 GMT. It rose 0.3 percent in the previous se

Yellow metal inches up as equities fall

Gold futures were trading higher during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal on safe-haven demand as equities fell and the greenback eased following a plunge in crude oil prices

Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields and the dollar

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GOLD

Gold on Tuesday 20th June 2017, Gold prices down by -16 pts closed at 28526 trading range between 28487-28599 and June Comex Gold futures closed at $1243.5 division of the New York Mercantile Exchange.

Overnight, gold prices remained subdued on Tuesday, as the dollar continued to advance amid rising expectations that the Federal Reserve

21/06/2017 12:22:26 PM | Posted in Commodities Reports read full news
Gold gains as oil's plunge dampens U.S. rate hike expectations

By Peter Hobson

LONDON  - Gold rose on Wednesday from a five-week low in the previous session as a slump in oil prices pushed down stock markets and U.S. bond yields, while the U.S. dollar weakened, making bullion cheaper for holders of other currencies.

Investors were betting that oil's tumble to seven-month lows would reduce inflationary pressures

Yellow metal little changed on firm dollar

Gold futures were little changed during noon trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the precious metal as safe-haven demand faded on firmer greenback against a basket of other currencies owing to US Federal Reserve’s plan to stick to hiking rates.

However, risk aversion due to Brexit, concerns over US President Trump'

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GOLD

Gold on Monday 19th June 2017, Gold prices down by -148 pts closed at 28542 trading range between 28526-28650 and June Comex Gold futures closed at $1247.70 division of the New York Mercantile Exchange.

Overnight, gold prices fell on Monday, weighed by an uptick in the dollar after upbeat comments on inflation from the head of the New Yo

20/06/2017 10:55:11 AM | Posted in Commodities Reports read full news
Gold recovers after hitting five-week low on dollar rally

By Maytaal Angel

LONDON - Gold prices rose on Tuesday after hitting a five-week low as the dollar steadied after reaching a 3-week peak following hawkish comments from an influential U.S. Federal Reserve official.

New York Fed President William Dudley said on Monday that labour market tightness should help drive up inflation, reinforcing the message that recent weak data is

Gold inches higher after five-week low as dollar gains on rate hike views

BENGALURU - Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance.

FUNDAMENTALS

* Spot gold  rose 0.1 percent to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week l

Gold hits four-week low on firm dollar, Brexit talks lend support

By Pratima Desai

LONDON- Gold hit four-week lows on Monday as the dollar held firm ahead of comments from a top Federal Reserve official on U.S. monetary policy, but prices were supported by the start of talks on the terms of Britain's departure from the European Union.

Spot gold was down 0.2 percent at $1,250.4 an ounce at 1152 GMT, up from an earlier $

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GOLD

Gold on Friday 16th June 2017, Gold prices down by -78 pts closed at 28690 trading range between 28675-28799 and June Comex Gold futures closed at $1255.79 division of the New York Mercantile Exchange.

Gold prices fell to a three-week low last week, pressured by a stronger U.S. Dollar. The dollar rose in reaction to hawkishly construed a

19/06/2017 9:39:34 AM | Posted in Commodities Reports read full news
Yellow metal loses sheen on stronger greenback

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators remained on the sidelines in the precious metal on strength in the US dollar after upbeat US economic data. The greenback rose after data showed that the number of unemployment registrations fell sharply last week.

Also, hiking of interest rate by the US Federal Reserve

Lower prices nudge gold demand; Indian buyers stay off

By Vijaykumar Vedala and Rajendra Jadhav

BENGALURU/MUMBAI  - Asia gold demand ticked up this week as global prices came off seven-month highs, while Indian buyers stayed on the sidelines waiting for further price drops in the absence of fresh triggers to stoke purchases.

"Demand has picked up in Asia compared to last week. There were some purchases

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GOLD

Gold on Thursday 15th June 2017, Gold prices down by 262pts closed at 28768 trading range between 28705-28950 and June Comex Gold futures closed at $1254.60 division of the New York Mercantile Exchange.

Gold rose slightly in Asia on Friday with sentiment subdued following the Fed rate hike and wavering fortunes for the dollar with invest

16/06/2017 10:51:08 AM | Posted in Commodities Reports read full news
Gold hits 3-week low as dollar firms

By Nithin ThomasPrasad

BENGALURU  - Gold prices hit a three-week low on Friday and were on track for a second weekly fall, dragged down as upbeat U.S. economic data supported the dollar.

The dollar index firmed after data showed the number of Americans filing for unemployment ben

16/06/2017 10:08:13 AM | Posted in Commodity Top News read full news
Gold dips on firmer dollar amid talk of another rate hike

LONDON - Gold dipped on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year.

The losses were modest, however, with bullion underpinned by a myriad of global uncertainties, including reports that U.S. President Donald Trump was under investigation.

"Just like in previous rate

Yellow metal loses sheen after Fed raises interest rate

Gold futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal after the US Federal Reserve hiked interest rates by 25 basis points but was less dovish than expected following a two-day meeting.

The central bank said in a statement that, “Information received since the Federal Op

Gold gains as stocks fall; weak U.S data spurs safe-haven demand

By Marcy Nicholson and Eric Onstad

NEW YORK/LONDON  - Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.

The losses in gold were limited, however, with bullion underpinned by myriad globa

Gold edges higher ahead of Fed policy statement

By Jan Harvey

LONDON - Gold firmed on Wednesday, recovering from the previous session's near two-week low, but moves were muted as traders awaited the outcome of the Federal Reserve's latest policy meeting.

The U.S. central bank is widely tipped to unveil a quarter-point interest rate rise at 1800 GMT, lifting the Fed funds target rate above 1 p

Yellow metal little changed ahead of Fed decision

Gold futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators awaited further cues on market direction ahead of the outcome of a US Fed’s policy meeting later in the day, which could provide further clues over the timing of interest rate hikes this year. Further, the US central bank is widely expected to raise interest rates at it

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GOLD

Gold on Tuesday 13th June 2017, Gold prices down by 49 pts closed at 28944 trading range between 28810-28991 and June Comex Gold futures closed at $1268.60 division of the New York Mercantile Exchange.

Gold futures traded in a narrow range, as investors held off initiating large positions in the precious metal ahead of the start of the F

14/06/2017 11:18:13 AM | Posted in Commodities Reports read full news
Gold edges higher ahead of Fed policy statement

By Jan Harvey

LONDON  - Gold prices firmed on Wednesday, recovering from the previous session's near two-week low, but moves were muted as traders awaited the outcome of the Federal Reserve's latest policy meeting.

The U.S. central bank is widely tipped to unveil a quarter-point interest rate rise at 1800 GMT, lifting the Fed funds target rate a

Yellow metal loses sheen ahead of Fed meet

Gold futures were trading lower during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal ahead of the US Fed’s policy meeting that kicks off later in the day, which could provide further clues over the timing of interest rate hikes this year.

Further, the central bank is widely expected to raise interest r

Gold turns higher as market awaits cues from Fed meeting

By Marcy Nicholson and Maytaal Angel

NEW YORK/LONDON  - Gold turned slightly higher on Tuesday, as the market awaited signals of future monetary tightening by the U.S. Federal Reserve and a Senate panel's questioning of Attorney General Jeff Sessions about his dealings with Russian officials.

The Fed is widely expected to raise interest rates when i