Yellow metal in reverse gear

Gold futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interes

Buy Gold above 29230 Target 29300-29400 Stop loss 29100 - Enrich

Gold

Gold on Tuesday 21th Feb 2017, Gold prices down by -2 pts (-0.1%) & closed at 29301 trading range between 29075-29330 and April Comex Gold futures closed at $1238.90, division of the New York Mercantile Exchange.

Gold prices fell on Tuesday as the dollar added to its gains against a basket of currencies, while demand fell on safe hav

22/02/2017 11:42:01 AM | Posted in Commodities Reports read full news
Gold slips on firmer dollar, market looks to Fed minutes

By Sethuraman N R

Gold slipped on Wednesday as the dollar firmed, with investors looking to minutes from the U.S. Federal Reserve's latest meeting for clues on the timing of interest rate hikes.

Spot gold had dropped 0.2 percent to $1,233.41 per ounce by 0645 GMT, while U.S. gold futures fell 0.4 percent to $1,234.60. Spot gold dropped as much as 1 percent to touch a one

Yellow metal in reverse gear

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 as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate

Gold Sell below at 29175 Target 29100-29050 Stop loss at 29250 - Enrich

Gold on Monday 20th Feb 2017, Gold prices down by -57 pts (-0.19%) & closed at 29303 trading range between 29195-29325 and April Comex Gold futures closed at $1235.85, division of the New York Mercantile Exchange.

Gold prices were nearly unchanged on Monday as holiday trades in the U.S. reduce volume and reduced volatility.

Gold managed to hold on to its recent gains as

21/02/2017 11:58:52 AM | Posted in Commodities Reports read full news
Gold drops as investors await hints on U.S. rate hikes

Gold prices fell as the dollar gained on Tuesday, with investors waiting for clues on the timing of any increase in U.S. interest rates from minutes of a Federal Reserve meeting and in a series of speeches by Fed officials this week.

The heads of five regional U.S. Fed branches are scheduled to speak this week. In addition, Fed Board Governor Jerome Powell speaks on Wednesday, when mi

21/02/2017 10:17:04 AM | Posted in Commodity Top News read full news
Yellow metal in reverse gear on global cues

Gold futures were trading lower during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal as safe-haven demand faded on rise in the US dollar against a basket of other currencies.

The greenback rose ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate hike

Gold steady awaiting clues on Fed rate rise schedule

By Jan Harvey

LONDON - Gold held steady on Monday after ending the previous week little changed, as traders awaited further clues on the pace of U.S. interest rate rises from a raft of Federal Reserve officials due to speak this week.

The precious metal is highly sensitive to rising U.S. rates, as they increase the opportunity cost of holding non-yieldi

Sell Gold below at 29350-29380 Target 29250-29150 Stop loss at 29450 - Enrich Commodities

Gold

Gold on Friday 17th Feb 2017, Gold prices down by 56 pts (-0.19%) & closed at 29360 trading range between 29302-29449 and April Comex Gold futures closed at $1235.85, division of the New York Mercantile Exchange. Gold prices down on Friday as the stronger dollar outweighed concerns about uncertainty surrounding U.S. policy and upcoming electi

20/02/2017 9:40:50 AM | Posted in Commodities Reports read full news
Gold imports shrink 32.7% to $19.74 bn in April-January

India's gold imports fell by about 32.7 per cent to USD 19.74 billion during the April-January period of this fiscal, which is expected to keep a lid on the current account deficit, reported PTI. Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion.

According to industry experts, softening prices of the precious metal in the domesti

Indian gold prices flip to discount for first time in 7 weeks

By Rajendra Jadhav and Sethuraman N R

MUMBAI/BENGALURU - Gold started trading at a discount to official prices in India on Friday for the first time in seven weeks, and buyers elsewhere in Asia held back purchases, waiting for rallying bullion prices to ease.

Gold crept higher on Friday as investors opted for its relative safety given uncertainty about

Yellow metal loses shine on global cues

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 as safe-haven demand faded on rise in the US dollar against a basket of other currencies.

The prospect of a stronger dollar and the US Treasury yields after Fed Chair Janet Yellen said that the US interest rates may need to b

Buy Gold future at above 29320-50 Target 29400-29470 Stop loss at 29270 - Enrich

Gold

Gold on Thursday 16th Feb 2017, Gold prices up 273pts (0.94%) & closed at 29416 trading range between 29182-29485 and April Comex Gold futures closed at $1241.60, division of the New York Mercantile Exchange. Gold prices rose on Thursday to a one-week high as the dollar fell for the second consecutive session, underpinning the precious metal

17/02/2017 1:07:55 PM | Posted in Commodities Reports read full news
Gold steady on weaker dollar, set for third week of gains

By Sethuraman N R

Gold held steady on Friday as the dollar hovered near one-week lows, keeping the metal on track for a third week of gains amid political uncertainties in the United States and Europe.

Spot gold was flat at $1,238.29 per ounce at 0710 GMT, while U.S. gold futures were down 0.2 percent at $1,238.50.

Gold is up 0.3 percent so far this week and has ri

Yellow metal shines on global cues

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 as the US dollar gave up gains.

Republican lawmakers on Wednesday criticized Fed Chair Janet Yellen's stewardship of the US economy and urged her to halt work on financial regulation until President Donald Trump name

Exports go up 4.32% in January, gold imports slip almost 30%

India's exports rose for the fifth straight month in January, up 4.32 per cent, to USD 22.11 billion on increase in shipments of petroleum products, engineering goods and iron ore even as trade deficit widened to USD 9.84 billion, reported PTI.

The growth in shipments came despite the growing protectionist and anti-trade sentiment in the US and Europe, which exporters said pose &q

Gold turns firm despite strong U.S. data, Yellen rate hike hints

By Marcy Nicholson and Jan Harvey

NEW YORK/LONDON - Gold rose as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

U.S. Federal Reserve Chair Janet Yellen said on Tuesday that delaying increases could le

Yellow metal pares gains on Yellen’s testimony

Gold futures were trading marginally higher during afternoon trade in the domestic market on Wednesday as investors and speculators weighed on firm US dollar after US Fed Chair Janet Yellen said that the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further.

Yellen struck a more hawkish tone than investors had expected, althoug

Sell Gold Below 28875 target 28800-28600 stop loss 29000 - Enrich Commodities

Gold

Gold on Tuesday 14th Feb 2017, Gold prices up down -20 pts (-0.7%) & closed at 29001 trading range between 28953-29173 and April Comex Gold futures closed at $1225.40, division of the New York Mercantile Exchange.

Gold prices returned lower on Tuesday after a positive start for the session, following Fed chair Yellen testimony ahead

15/02/2017 10:28:39 AM | Posted in Commodities Reports read full news
Gold edges lower after Yellen hints of rate hike

Gold prices edged lower on Wednesday after U.S. Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank.

Spot gold fell 0.2 percent to $1,225.96 per ounce at 0530 GMT, while U.S. gold futures rose 0.1 percent to $1,227.

"The focus is really on the U.S. fiscal policy. And if that stokes up the inflation expectation

Yellow metal up ahead of Yellen’s testimony

Gold futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the precious metal as investors turned their attention towards testimony from the US Fed Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy.

Further, traders are focusing on testimony by Fed Chair befo

Sell Gold below 28900 target 28700-28500 stop loss -29100 - Enrich Commodities

GOLD

Gold on Monday 13th Feb 2017, Gold prices up down -152 pts (-0.52%) & closed at 29021 trading range between 28941-29166 and April Comex Gold futures closed at $1225.80, division of the New York Mercantile Exchange.

Gold prices were slightly lower on Monday, as recent actions by U.S. President Donald Trump helped calm investor worries

14/02/2017 10:46:55 AM | Posted in Commodities Reports read full news
Gold prices rise ahead of testimony from Fed`s Yellen

By Arpan Varghese

Gold prices edged up on Tuesday as the dollar crept lower, with investors turning their attention to testimony from U.S. Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy.

Spot gold was up 0.3 percent at $1,228.90 per ounce at 0542 GMT, while U.S. gold futures rose 0.4 percent to $1,230.60.

Yellow metal loses shine on US dollar strength

Gold futures were trading lower during afternoon trade in the domestic market on Monday as investors and speculators remained on the sidelines in the precious metal on strength in the US dollar, against a basket of other currencies, amid a smooth meeting between the US President Donald Trump and Japanese Prime Minister Shinzo Abe that saw no mention of currency policy.

The greenback s

Gold slips as dollar strengthens against yen after Trump-Abe meet

Gold slipped on Monday as the dollar strengthened against the yen, with the greenback buoyed by a smooth meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe that saw no mention of currency policy.

Spot gold had fallen 0.31 percent to $1,230.22 per ounce by 0608 GMT, while U.S. gold futures were down 0.36 percent at $1,231.3.

The dollar briefly

13/02/2017 10:37:33 AM | Posted in Commodity Top News read full news