Jan 30, 2020 08:15 AM IST
Central banks and investors had bought large amounts of gold earlier in the year, helping push gold prices up 18% in 2019 to the highest level since 2013.
- May 08, 2019 01:56 PM IST
Gold prices have strong support at $1260 an ounce while resistance is at $1295
- May 08, 2018 01:55 PM IST
The GFMS metals research team, a unit of Thomson Reuters, predicted gold would average $1,360 an ounce this year, up 8 percent from 2017, with some short-term moves towards $1,500.
- Apr 09, 2018 07:36 PM IST
The drop in purchases by India, though, could weigh on global prices, which are still up nearly 8 percent from a mid-December trough, despite dropping back from a 17-month high hit at end-January.
- Jul 11, 2017 03:41 PM IST
June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago, GFMS said. For the first half of the year, imports rose to 514 tonnes, up 161 percent from a year ago.
- May 19, 2017 01:55 PM IST
According to the research firm GFMS, smuggled gold supply had fallen between November 2016 and mid-March 2017.
- Oct 04, 2016 12:55 PM IST
Lower demand from the world's No. 2 gold consumer could weigh on global spot prices that have risen by 24 percent so far in 2016, but help the south Asian country to reduce its trade deficit. Gold is one of India's biggest expenses on its import bill.
- Jul 28, 2015 03:09 PM IST
A plunge in Chinese share prices from mid-June has not helped bullion, GFMS said in a quarterly report, although it was cautiously optimistic that global demand and prices could start to pick up in the final quarter of the year.
- Feb 19, 2015 04:57 PM IST
Gold imports to top consumer India are set to jump in coming months after the Reserve Bank of India (RBI) eased gold import curbs, ahead of an expected cut in import duty in next week's budget.
- Nov 13, 2014 11:35 AM IST
India once again took over as the world's biggest gold consumer, buying 225.1 tonnes of gold jewellery, coins and bars last quarter, compared to 182.7 tonnes in China.
- Apr 12, 2013 09:59 AM IST
Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing needs.
- Apr 05, 2013 12:41 PM IST
Nirmal Bang has come out with its report on precious metals. According to the research firm, bullion prices are trading lower on COMEX today. In the evening session we have the Non- Farm Payrolls and Unemployment rate data to be released by the US. Any further rise in employment numbers may limit the downside in bullion prices.
- Jan 16, 2013 07:52 PM IST
Persistent concerns over the health of the US economy and pressure on the dollar will send gold prices to a record average high this year, Thomson Reuters GFMS said on Wednesday, before the metal's 12-year bull run tops out late in the year.
- Aug 24, 2012 06:00 PM IST
Gold imports to India, the world's biggest consumer, are likely to fall by as much as 26%, or by 200 to 250 tonnes, in 2012 as record high prices hit the budgets of consumers, said the head of Thomson Reuters GFMS on Friday.
- Apr 11, 2012 05:46 PM IST
A record high gold price above USD 2,000 an ounce next year could mark the peak of the precious metal's more than decade long bull run as monetary policy in key economies starts to tighten, the chairman of metals consultancy GFMS said on Wednesday.
- Oct 12, 2011 12:00 PM IST
The price of gold is expected to average USD 1,770 per ounce in the fourth quarter, Thomson Reuters GFMS said on Wednesday, adding that official net purchases of gold were seen rising to 500 tonnes in 2011, from its prior estimate of 336 tonnes.
- Jun 14, 2011 04:20 PM IST
Gold should reach around USD 1,620 an ounce, and silver about USD 50 an ounce in the fourth quarter, metals consultancy GFMS research director Neil Meader said on Tuesday.