Oct 17, 2016 at 11:34 | Source: Reuters
Home to the world's biggest buyers China and India, Asia's importance has been on the rise as the key source of demand for gold, but bullion traders in the region are often exposed to intraday price volatility and overnight foreign exchange risks with benchmark prices currently being set out of London.
Oct 12, 2016 at 14:42 | Source: PTI
Traders said that besides a weak trend in overseas markets, fall in demand from jewellers in domestic spot market put pressure on gold prices.
Oct 07, 2016 at 07:53 | Source: Reuters
The pound fell almost 10 percent at one point to USD 1.1378 before stabilising around USD 1.2415, still down 1.5 percent from late US levels, leaving traders scratching their heads in the absence of news or market events that would justify such a move.
Oct 05, 2016 at 14:50 | Source: PTI
Sentiment took a hit after gold fell below the USD 1,300 an ounce for the first time since June in the global market amid mounting concern that an improving US economy will prompt the Fed to raise rate soon, boosting the dollar and taking the sheen off the safe haven appeal of the metal, traders said.
Sep 30, 2016 at 14:34 | Source: PTI
Traders said sentiment turned positive after gold gained in global markets as rising investor concerns over Deutsche Bank's finances spurred a sell-off in equities, which helped underpin demand for safe haven of gold.
Sep 03, 2016 at 14:54 | Source: PTI
Sentiment bolstered as gold gained in global markets after US employment data missed estimates, boosting the metal's appeal as a safe-haven, bullion traders said.
Aug 26, 2016 at 14:40 | Source: PTI
Traders said besides a weak trend in the overseas markets, muted demand from jewellers and retailers at prevailing levels at domestic spot market led to the fall in prices. Market remained closed yesterday on account of 'Janmashtami'.
Aug 19, 2016 at 14:34 | Source: PTI
Bullion traders said persistent buying by jewellers at domestic markets to meet festive season demand, mainly influenced gold prices.
Aug 12, 2016 at 14:30 | Source: PTI
Traders said sentiment remained bearish on the back of a weakening global trend where gold declined as speculation that central banks will remain supportive of growth underpins gains in global equities, curbing demand for a haven.
Aug 08, 2016 at 14:58 | Source: PTI
Sentiment remained downbeat, in sync with a weakening global trend where gold dropped to the lowest level in a week after Friday's strong US jobs report, raising bets that the Fed may raise borrowing rates this year which sapped demand for the safe haven, traders said.