Gold set for second weekly gain, eyes on U.S. healthcare vote

By Peter Hobson

LONDON  - Gold was on track for a second weekly gain on Friday as concern about the ability of U.S. President Donald Trump to push legislation through Congress held the dollar near 7-week lows, making bullion cheaper for holders of other currencies.

Spot gold was up 0.1 percent at $1,245.53 an ounce at 1131 GMT. The metal has risen 1.4 p

High gold prices keep demand in check, Indian jewellers stock up for festival

By Rajendra Jadhav and Arpan Varghese

BENGALURU/MUMBAI  - An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal.

The spot gold international benchmark is set for a second week of gains, with prices supported by uncertainty surrounding U.S. Pres

Yellow metal loses shine as markets await US healthcare vote

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued safe-haven demand on firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to tr

Gold edges down on firmer dollar, palladium hits two-year peak

By Devika Krishna Kumar and Eric Onstad

NEW YORK/LONDON  - Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector.

Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 p.m. EDT (1821 GMT), retreating from an intraday peak of $1,253.12, its highes

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Gold

Gold on Wednesday 23rd March 2017, Gold prices down by -85pts () & closed at 28800 trading range between 28948-28750 and April Comex Gold futures closed at $1247.20, division of the New York Mercantile Exchange.

Gold prices pulled back from a session high of 28950 ($1,253.15) in early morning US trade weighed by a rise in the dollar,

24/03/2017 10:31:10 AM | Posted in Commodities Reports read full news
Yellow metal little changed as dollar recovers

Gold futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal on muted safe-haven demand as the US dollar recovered from 7-week lows and markets looked to see if US President Trump could push through a Healthcare Bill.

Markets focus is on whether Trump can gather enough support in a

Gold below 3-week peak as dollar recovers; Donald Trump policy in focus

By Sethuraman N R

 Gold prices on Thursday held below a 3-week peak hit in the prior session, as the dollar recovered from seven-week lows and markets looked to see if U.S. President Donald Trump could push through a healthcare bill.

Spot gold was down 0.2 percent at $1,246.51 per ounce at 0353 GMT. On Wednesday, it touched its strongest since Feb. 28 at $1,251.26.

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Gold

Gold on Wednesday 22th March 2017, Gold prices up by 34pts (0.12%) & closed at 28885 trading range between 28803-28929 and April Comex Gold futures closed at $1249.70, division of the New York Mercantile Exchange.

Gold prices rose to a three-week high during market on Wednesday, as growing doubts about U.S. President Donald Trump&rsq

23/03/2017 9:26:01 AM | Posted in Commodities Reports read full news
Yellow metal little changed on Trump worries

Gold futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal as safe-haven assets become attractive for investors against risky assets amid weakness in the US dollar, and as equities dropped on doubts about US President Trump's economic agenda.

Asian equities posted their big

Gold hits 3-week peak as investors shun equities on Donald Trump worries

By Sethuraman N R

Gold prices rose to a three-week high on Wednesday as risk-averse investors dumped equities amid a weaker dollar and sought safe havens on growing doubts about U.S. President Donald Trump's economic agenda.

Spot gold had risen 0.3 percent to $1,247.56 per ounce by 0644 GMT, after touching a three-week peak of $1,248.47.

U.S. gold futures were

Gold climbs to near 3-week high as dollar slides

By Marcy Nicholson and Jan Harvey

NEW YORK/LONDON  - Gold rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term U.S. interest rate hikes pushed the dollar lower.

The U.S. dollar index  fell to a six-week low

Gold dips as falling dollar fails to offset Asian selling

By Jan Harvey

LONDON - Gold dipped on Tuesday as a weaker dollar only partially offset a price retreat seen in Asian trading hours, after a failure to overcome chart resistance prompted speculative selling after a four-day rally.

Confidence in the metal was also dampened by a third day of outflows from gold-backed exchange-traded funds, with holdings of

Yellow metal loses shine on weak global cues

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 on fall in safe-haven demand despite weakness in the US dollar after Chicago Fed President Charles Evans reinforced the perception that the US central bank won't accelerate the pace of its interest rate hikes.

The greenb

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Gold

Gold on Monday 20th March 2017, Gold prices down by 4pts (0.01%) & closed at 28505 trading range between 28490-28599 and April Comex Gold futures closed at $1234.00, division of the New York Mercantile Exchange.

Gold prices managed to hold last week’s gains on Monday as the dollar retreated against a basket of currencies, while

21/03/2017 10:08:07 AM | Posted in Commodities Reports read full news
Gold slips on technical selling; Fed stance lends support

By Sethuraman N R

Gold prices edged lower on Tuesday, failing to break a key resistance but hovered near a two-week high hit in the previous session on prospects of a less-hawkish Federal Reserve policy.

The Fed is likely to wait at least until June policy meeting to decide whether to lift U.S. interest rates again, Chicago Fed President Charles Evans said on Monday.

Gold glitters on dollar weakness

Gold futures were trading higher during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal on rising safe-haven demand due to weakness in the US dollar due to the Fed's conservative guidance on the path of rate hikes this year.

Also, traders waited for a packed week of Fed messaging with many different polic

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GOLD

On Friday 17th March 2017, Gold prices rose up by 98pts (0.34%) and closed at 28509. Trading range was between 28390 -28530. April Comex Gold futures closed at $1229.00, division of the New York Mercantile Exchange.

It is interesting to note that, for the third straight session, Gold raised heading for a weekly rise after preceded by two

20/03/2017 11:03:04 AM | Posted in Commodities Reports read full news
Gold hits two-week high as dollar falls after G20 trade message

By Maytaal Angel

LONDON - Gold prices scaled a two-week peak on Monday as the dollar slumped to a six-week low after a G20 weekend summit that was dominated by the U.S. administration's protectionist stance on global trade.

The precious metal has been rising since last Wednesday, when the dollar dropped after the U.S. Federal Reserve raised interest rate

Yellow metal remains firm on dollar weakness

Gold futures were trading moderately higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal on rise in safe-haven demand due to weakness in the US dollar as the US central bank called for gradual monetary tightening after raising interest rates by an expected 25 bps for the second time in 3 months.

The

Gold heads for first weekly gain in three as Fed signal hurts dollar

By Sethuraman N R

 Gold held firm on Friday near a one-week high hit in the previous session and was on course for its first weekly rise in three as the dollar weakened after the U.S. Federal Reserve signalled no increase in the pace of monetary tightening.

Spot gold was up 0.1 percent at $1,227.11 per ounce by 0308 GMT, after hitting its highest since March 6 in the pr

Gold glitters as US Fed signals gradual rate hikes

Gold futures rose over 1 per cent during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal on rise in safe-haven demand due to weakness in the US dollar as the US central bank called for gradual monetary tightening after raising interest rates by an expected 25 bps for the second time in 3 months.

The US Fede

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Gold

Gold on Wednesday 15th March 2017, Gold prices down by -91pts (-0.32%) & closed at 27985 trading range between 27907-28054 and April Comex Gold futures closed at $1200.70, division of the New York Mercantile Exchange.

Gold prices were little changed on Wednesday ahead of the Federal Reserves expected rate hike later yesterday, while

16/03/2017 10:43:03 AM | Posted in Commodities Reports read full news
Gold hits one-week high as Fed signals only gradual rate hikes

By Arpan Varghese

 Gold hit a one-week high on Thursday after the U.S. Federal Reserve signaled a cautious stance on interest rate policy this year, pushing the dollar to its lowest in a month.

The Fed on Wednesday raised interest rates for the second time in three months, with officials sticking to their outlook for two more rate hikes this year and three more in 2018.

Exclusive - London gold rush: ICE to launch clearing before banks are ready

By Peter Hobson and Jan Harvey

LONDON  - Intercontinental Exchange (ICE) is set to launch clearing for London's benchmark gold price auction before participants are ready as it races to prevent rivals muscling in on the city's $5 trillion-a-year bullion market, market and banking sources said.

Clearing - where an exchange acts as an intermediary