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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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
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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from Gold News - Economic Times https://ift.tt/2JTnIP1
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.
from Gold News - Economic Times https://ift.tt/3po9RjW
from Gold News - Economic Times https://ift.tt/3po9RjW
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.
from Gold News - Economic Times https://ift.tt/2GPcUjX
from Gold News - Economic Times https://ift.tt/2GPcUjX
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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from Gold News - Economic Times https://ift.tt/3n7rClN
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.
from Gold News - Economic Times https://ift.tt/38nVsyg
from Gold News - Economic Times https://ift.tt/38nVsyg
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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from Gold News - Economic Times https://ift.tt/3ev3qqp
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%.
from Gold News - Economic Times https://ift.tt/3oYYLlj
from Gold News - Economic Times https://ift.tt/3oYYLlj
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.
from Gold News - Economic Times https://ift.tt/2I9NRbV
from Gold News - Economic Times https://ift.tt/2I9NRbV
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.
from Gold News - Economic Times https://ift.tt/36bTeQ2
from Gold News - Economic Times https://ift.tt/36bTeQ2
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.
from Gold News - Economic Times https://ift.tt/364qXL4
from Gold News - Economic Times https://ift.tt/364qXL4
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.
from Gold News - Economic Times https://ift.tt/2GoJGrM
from Gold News - Economic Times https://ift.tt/2GoJGrM
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.
from Gold News - Economic Times https://ift.tt/34RgnaS
from Gold News - Economic Times https://ift.tt/34RgnaS
Monday, November 2, 2020
Outlook, trading strategies for gold & silver
MCX silver price volatility (ATR) has expanded suggesting bigger moves.
from Gold News - Economic Times https://ift.tt/35XwTFE
from Gold News - Economic Times https://ift.tt/35XwTFE
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.
from Gold News - Economic Times https://ift.tt/360Ttgn
from Gold News - Economic Times https://ift.tt/360Ttgn
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.
from Gold News - Economic Times https://ift.tt/3eev9eW
from Gold News - Economic Times https://ift.tt/3eev9eW
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.
from Gold News - Economic Times https://ift.tt/37ViCMm
from Gold News - Economic Times https://ift.tt/37ViCMm
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.
from Gold News - Economic Times https://ift.tt/3mzQEJX
from Gold News - Economic Times https://ift.tt/3mzQEJX
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.
from Gold News - Economic Times https://ift.tt/31Vq3iI
from Gold News - Economic Times https://ift.tt/31Vq3iI
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.
from Gold News - Economic Times https://ift.tt/37RGAYK
from Gold News - Economic Times https://ift.tt/37RGAYK
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