Edward Meir

Gold eyes worst week in 5 as strong US data fuels Fed hike

A looming US rate hike has dimmed the appeal of non-interest bearing assets as gold, which may explain the fall in the metal from a recent seven-week high even as global equities tumbled on fears over a slowing Chinese economy.

Gold wedged below $1,100 ahead of Fed meeting outcome

Gold has been stuck in narrow ranges this week ahead of the conclusion of the Fed's policy meeting later in the day. Policymakers are expected to send more signals to the market that a US interest rate increase is certain this year as the economy recovers.

Gold likely to see levels of $980-1000/oz in 9-12 months

Watch the interview of Edward Meir Director, Madison Holdings with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on gold.

Gold holds up on Greek crisis, dollar strength caps gains

Without a deal, Greece risks default or bankruptcy in weeks, a possibility that has supported gold prices to an extent. Athens missed a self-imposed Sunday deadline for reaching an agreement to unlock aid, sources close to the talks said.

Gold near three-month high on sluggish US data, dollar

Gold was trading close to a three-month high on Monday, buoyed by a weaker dollar and more soft US data that triggered hopes the Federal Reserve would not hike interest rates soon.

Gold holds up on safe-haven bids, cautious stocks

Spot gold had eased 0.2 percent to USD 1,255.24 an ounce by 0323 GMT. Gold rose nearly USD 20 an ounce on Wednesday after a weak US jobs report but pared most of the gains on other strong numbers.

China's stimulus push, Japan election to aid gold: Expert

Ben Bernanke's statement reversal on Fed continuing to remain accomodative, along with the Japanese elections and some noise from China about a possible stimulus push has given gold a reason to rally