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gold prices News
Gold futures trade below Rs 30,000 on weak global cues
Thu, Feb 08, 2018
Gold prices went down by 0.37 per cent to Rs 29,885 per 10 grams in futures trade today as speculators reduced exposure, driven by weak trend overseas.
Dollar slump drives gold to highest since August 2016
Thu, Jan 25, 2018
The lower dollar could also drive prices higher in the United States and increase demand for gold as a hedge against inflation.
Gold up on weaker dollar, but heads for first weekly loss in six
Fri, Jan 19, 2018
Gold prices edged up on Friday, supported by a weaker dollar amid worries about a possible U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks.
Gold hits 4-month high as dollar index falls to 3-year low
Tue, Jan 16, 2018
Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts said the greenback`s slide could be short-lived as it was not driven by fundamentals.
Gold hits over four-month high as dollar index slumps to three-year lows
Mon, Jan 15, 2018
Gold prices touched their highest in more than four months on Monday, buoyed by a weaker U.S. dollar, which slumped to three-year lows against a basket of currencies. Spot gold was up 0.3 percent at $1,342.50 an ounce by 0718 GMT after touching its strongest since Sept. 8 at $1,344.44.
Gold up on weaker dollar, heads for fifth gain on week
Fri, Jan 12, 2018
Spot gold edged up 0.1 percent to $1,324 an ounce by 0100 GMT. Prices hit a near four-month high of $1,326.56 an ounce on Wednesday.
Gold prices steady, set for fourth straight weekly gain
Fri, Jan 05, 2018
Gold prices held steady on Friday after hitting 3-1/2 month highs in the previous session, remaining on track for their fourth straight weekly gain.FUNDAMENTALS * Spot gold was mostly unchanged at $1,322.50 an ounce at 0102 GMT.=>
Gold, silver end 2017 on a high; post annual gains
Sat, Dec 30, 2017
Marketmen said a firm trend in the global market, where gold rallied to one-month high of $1,302.50 an ounce mainly driven by a softer dollar and political uncertainties, and pick up in demand from local jewellers supported the upside in prices.
Gold hits 1-month high as dollar weakens further
Thu, Dec 28, 2017
Gold prices rose to their highest level in one month on Thursday in light holiday trade and as the dollar fell to a four-week low. Spot gold was up 0.2 percent at $1,289.10 an ounce at 0322 GMT, after earlier reaching its best since Nov. 29 at $1,289.92.
Gold prices hit 2-week high on year-end outlook, strong support
Thu, Dec 21, 2017
Gold has also been steady technically, he said, with support for the yellow metal at $1,260 an ounce and resistance at its 200-day moving average around $1,269.
Gold, silver investment demand flat in 2018
Tue, Dec 19, 2017
Gold and silver investment demand is expected to be virtually flat in 2018, as geopolitical and economic concerns continue to draw buying interest, New York-based CPM Group said on Monday.
Gold inches lower as dollar holds firm on US tax bill hopes
Mon, Dec 18, 2017
Gold prices edged lower on Monday, pressured by firmer equities and a buoyant dollar after a bill to overhaul the tax system in the United States moved a step closer to ratification. Spot gold was down about 0.1 percent at $1,254.40 an ounce at 0346 GMT.
Gold dips as dollar shines after US Senate clears tax bill
Mon, Dec 04, 2017
Higher rates tend to boost the dollar, making the greenback-denominated gold more expensive for buyers using other currencies. An increase in rates also reduces the incentive for investors to hold onto the non-interest-bearing metal.
Global Markets: Dollar gains on U.S. tax cut progress; Asian shares listless
Mon, Dec 04, 2017
The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world`s largest economy.
Gold regains sheen on global cues, jewellers' buying
Sat, Dec 02, 2017
Bullion traders attributed the recovery in gold prices to a firm trend overseas as the weakness in dollar boosted demand for the precious metal as a safe-haven.
Global Markets: U.S. tax bill, Russian probe whipsaw financial markets
Sat, Dec 02, 2017
Stocks and the greenback tanked mid-session after an ABC report that former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential campaign.
Gold briefly jumps 1.2% as Flynn probe roils markets
Sat, Dec 02, 2017
Shares on Wall Street fell immediately after the report. Investors feared the political news could affect whether the Senate will pass a tax bill backed by Trump.
Gold inches up as dollar weakens after US Senate tax bill stalls
Fri, Dec 01, 2017
Gold prices edged higher early Friday, after marking a 3-1/2 week low in the previous session, as the dollar weakened slightly after the progress on U.S. tax legislation hit a roadblock. FUNDAMENTALS
Gold dips on profit taking; analysts predict a rebound
Fri, Nov 24, 2017
The Fed`s cautious view of inflation could lead to a longer period of low interest rates which provides a solid platform for gold investment, said an analyst with Thomson Reuters-owned metals consultancy GFMS.
Gold inches down amid Fed inflation concerns
Thu, Nov 23, 2017
Gold prices nudged lower early Thursday, after gaining nearly one percent in the previous session on weaker U.S. economic data and concerns by some Federal Reserve policymakers about lower inflation. FUNDAMENTALS