Showing posts with label Gold News - Economic Times. Show all posts
Showing posts with label Gold News - Economic Times. Show all posts

Friday, November 13, 2020

Dhanteras gold jewellery sales may record 35% rise

Jewellers are witnessing a lot of pent-up demand in the market after a hiatus of almost eight months when concerns over the pandemic had forced consumers to avoid non-essential purchases and conserve cash.

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Thursday, November 12, 2020

Gold holds steady as virus wave offsets vaccine hopes

Spot gold was steady at $1,876.92 per ounce by 0044 GMT. It was headed for its worst weekly performance since late-September, declining 3.8% so far. U.S. gold futures were up 0.1% at $1,874.50.

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Wednesday, November 11, 2020

Gold muted as firmer dollar, vaccine hopes dim safe-haven appeal

Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.72% to 1,240.74 tonnes on Wednesday.

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Tuesday, November 10, 2020

Gold inches higher on stimulus hopes, virus concerns

A surge in coronavirus cases threatens to slow U.S. economic growth once more in coming months, Federal Reserve policymakers said on Tuesday, and to get through it the economy will again need government aid. Gold tends to benefit from widespread stimulus as it is considered a hedge against inflation and currency debasement.

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Monday, November 9, 2020

Gold prices gain some ground on stimulus hopes

Spot gold rose 0.5% to $1,871.81 per ounce by 0136 GMT

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Sunday, November 8, 2020

Gold prices firm as dollar eases after Biden win

Spot gold rose 0.1% to $1,953.45 per ounce by 0049 GMT. On Friday it hit $1,960.13, the highest since Sept. 18.

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Thursday, November 5, 2020

Gold rate today ease on strong US dollar, weak global trend

Gold futures on MCX were down 0.37 per cent or Rs 191 at Rs 51,864 per 10 grams. Silver futures rose 0.31 per cent or Rs 197 to Rs 64,450 per kg.

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Gold eases on stronger dollar; investors eye close U.S. election outcome

Spot gold fell 0.4% to $1,940.86 per ounce by 0105 GMT, after recording its best day since April 6, jumping 2.4% and hitting an over one-month high in the previous session. It was also on track for its best week since late July, rising 3.5%.

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Gold surges on stimulus hopes with election outcome near

Gold touched a six-week high and copper advanced for a fourth straight session, boosted by a declining dollar and the outlook for further central-bank stimulus as investors await the final outcome of the US presidential election.

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Wednesday, November 4, 2020

Gold prices today rise ahead of US election outcome

Globally, gold prices were little changed after early US election results suggested a lead for Democrat contender Joe Biden, even as the possibility of a contested result remained.

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Gold steady as investors eye US election outcome

The dollar index was flat against a basket of currencies, having risen as much as 0.8% in the previous session.

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Tuesday, November 3, 2020

Gold prices today slide amid weak global trend

Investors were initially limbering up for a Biden win, who was expected to inject the market with potentially large stimulus measures to help weather the economic fallout from the COVID-19 pandemic.

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Gold retreats on firm dollar as U.S. poll results trickle in

"The market is losing confidence in a clear run to a Biden victory at the moment ... We have seen the Biden trade unwind and a big effect of that is that we have seen the dollar strengthen," said IG Markets analyst Kyle Rodda.

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Monday, November 2, 2020

Outlook, trading strategies for gold & silver

MCX silver price volatility (ATR) has expanded suggesting bigger moves.

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Gold steady as investors brace for US elections

Gold, which is seen as a hedge against inflation and currency debasement, has gained over 24% so far this year on unprecedented stimulus measures and expectations for inflation due to it.

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Sunday, November 1, 2020

Gold falls as dollar firms ahead of U.S. election

Spot gold fell 0.2% to $1,873.87 per ounce by 0047 GMT.

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Thursday, October 29, 2020

Gold sales in India’s festival quarter seen weakest since 2008

Still, demand will fare better than the first nine months of the year, when it suffered after India imposed one of the world’s strictest lockdowns in March to contain the virus.

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Central banks sell gold for first time in a decade

While inflows into exchange-traded funds have driven gold’s advance in 2020, buying by central banks has helped underpin bullion in recent years. Citigroup Inc. last month predicted that central bank demand would rebound in 2021, after slowing this year from near-record purchases in both 2018 and 2019.

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Gold muted on firmer dollar, heads for worst week in over a month

U.S. gold futures were down 0.1% at $1,866.20.

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Wednesday, October 28, 2020

Gold lingers near one-month low as dollar strength weighs

Holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.67% to 1,258.25 tonnes on Wednesday.

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