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Gold prices edge higher as dollar retreats from 2018 peak
Mon, May 14, 2018
Higher U.S. interest rates, possibly in June at the Federal Reserve`s next meeting, will weigh on gold, but analysts say they are unlikely to push gold significantly lower. "Over the short term, and particularly during May, we see gold trading between $1,285 and $1,338 an ounce as continued strength in the dollar and rising rates pressure values lower," said INTL FCStone analyst Edward Meir.
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Gold dips as dollar index climbs to 2018 peak
Mon, May 07, 2018
Spot gold was down 0.2 percent at $1,312.06 an ounce by 1335 GMT, while U.S. gold futures for June delivery were 0.2 percent lower at $1,312.30. The market was thinned by a national holiday in Britain, which closed trading desks in London. The dollar index hit a 2018 peak on Monday after U.S. jobs and wages data did little to alter perceptions of strength in the U.S. economy and consequently expectations for more Fed rate hikes.
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Gold vs stocks, vs debt: Here's who came out tops in 2017-18
Thu, Mar 29, 2018
In the equity market, the Sensex closed near the 33000 peak and the Nifty defended its 10000 zone to end fiscal 2018 with 12.8% and 11.9% returns in the last one year. Smallcap stocks, which carry more risk, rewarded investors with 17.3% index returns, higher than 13.1% jump in midcaps and 10.2% in largecaps. In terms of BSE sectors, consumer durables was the best performer in FY18 delivering a category average of nearly 45%, followed closely by Realty (40.4%).
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Rupee breaks below 65 vs dollar, hits 4-month low
Thu, Feb 22, 2018
The rupee weakened by 29 paise to trade at fresh 4-month low, breaching the 65 level against the US dollar in opening trade after Reserve Bank of India’s (RBI) monetary policy committee (MPC) indicated a series of rate hikes could be in the offing because of rising risks to inflation.
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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.
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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.
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Rupee logs a fresh 3 month high at 64 against dollar
Wed, Dec 20, 2017
The rupee firmed up 4 paise to 64 against the dollar today, taking cues from a higher opening in the domestic stock market. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law.
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