Page 26 - Gold Trade

Maintain some allocation to gold despite 14% correction from peak

You need it to provide a hedge against a possible third wave, or correction in equities

Flows into global gold ETFs were mostly flat in June at 2.9 tonne

A report by World Gold Council (WGC) said that inflows into North American and Asian funds were primarily offset by outflows from European funds.

Gold tops $1,800/oz mark as dollar slips; focus on Fed minutes

US gold futures jumped 1.3% to $1,806.30 per ounce.

Gold at near three-week peak as dollar weakens; Fed minutes in focus

Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies

Gold slides over 1% after Federal Reserve projects rate hikes into 2023

The central bank however held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery

As mandatory gold hallmarking kicks in, manufacturers push for exemption

Hallmarking will be done at the first point of sale, maintains BIS chief

Gold extends losing streak to fourth day on worries over Fed taper talk

Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting

Gold holds near 4-week low with focus on key Federal Reserve meeting

The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal

Flows into gold exchange-traded funds moderate as equities rally

May saw gross redemptions of Rs 105 crore, compared to less than Rs 6 crore in the preceding month

Gold prices subdued with focus on US inflation data, ECB meeting

Spot gold was down 0.1 per cent at $1,886.66 per ounce, as of 3.05am GMT

Central banks continue to remain positive on gold, finds WGC Survey

Around 21 per cent of the central banks around the globe intend to increase their gold reserves over the next 12 months: survey

Gold prices slip as uptick in dollar offsets easing US bond yields

Gold prices slipped on Monday as an uptick in the dollar dented the metal's appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment limited losses

Gold imports plunge in India as second wave of Covid-19 slashes demand

Inbound purchases slumped to 11.3 tons last month from 70.3 tons in April, according to a person familiar with the data, who asked not to be identified as the information isn't public

Gold's momentum is with the bulls after best month since July

Bullion wiped out losses made earlier this year with a 7.8 per cent advance over May amid signs of accelerating inflation

Gold gains Rs 195 in the national capital on firm global trends

Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,413 per 10 gram. Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade. "Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. In the international market, gold was trading with gains at USD 1,905 per ounce and silver was flat at USD 27.95 per ounce.

Four key charts to indicate whether latest rally in gold can be sustained

Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.

Sheen is back with rise in gold prices, but pay heed to cost and liquidity

Investors seeking to benefit from this uptrend need to understand the pros and cons of the various investment options available to them

Gold prices slip from 4-1/2-month peak as US dollar regains footing

Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday

Gold prices firm near multi-month highs on weaker dollar and yields

Spot gold was up 0.2% to $1,885.47 per ounce by 0724 GMT, after falling as much as 0.5% earlier in the session

Gold prices ease on global recovery hopes; weak dollar limits losses

Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal