Tag: Gold

Gold imports nearly double in August as prices dip ahead of festivals

By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 12% from an […]

NSE bans members from selling digital gold after Sebi flags concerns

By Administrator_India Capital Sands National Stock Exchange has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of India (Sebi), through a letter dated August 3, informed the […]

Gold prices slip to over 4-month low on early US Fed tapering fears

By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade, prices slumped as much as 4.4% to $1,684.37, their lowest […]

Gold Steady Near Four-Month High Amid Fed Inflation Comments

Gold Steady Near Four-Month High Amid Fed Inflation Comments

By Administrator_ India Capital Sands Gold steadied near the highest level in more than four months as investors weighed comments by Federal Reserve officials who sought to soothe concerns about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic, and St. Louis’s James Bullard said they would not be surprised to see bottlenecks and supply shortages push prices up in […]

Gold Steady Near Four-Month High Amid Fed Inflation Comments

Gold Up Ahead of U.S. Economic Data Release

By Administrator_ India Capital Sands The U.S. data, including industrial production and retail sales, will be released later in the day. Gold futures edged up 0.14% to $1,738.80 by 11:59 PM ET (3:59 AM GMT). The dollar, which usually moves inversely to gold, hovered near a three-week low on Thursday and U.S. bond yields leveled off following March’s surge. The U.S. economic recovery […]

Gold Steady Near Four-Month High Amid Fed Inflation Comments

Gold rises on inflation worries after US stimulus approval

By Administrator_ India Capital Sands Gold prices gained on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. FUNDAMENTALS * Spot gold rose 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. * Yields […]

Gold

Gold Up Over Cautious Stimulus Hopes

By Administration_ India Capital Sands Gold futures inched up 0.01% at $1,870.50 by 10:47PM ET (3:47 AM GMT). U.S. President Donald Trump said on Tuesday that he may not sign a COVID-19 bill passed by both the House of Representatives and the Senate on Monday. He called the bill an unsuitable “disgrace,” but stopped short of threatening to veto the legislation. […]

Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

By Administrator_India Capital Sands Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold […]

Gold Up Over Rising COVID-19 Cases and U.S.-China Tensions

By Administrator_India Capital Sands Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also […]