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Fed Hike fails to cap gold

Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that speeding up economic growth would spur an even faster pace of monetary tightening. Gold prices rose on...

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Gold feels the winter chills

Temperatures dropped and so did gold prices at the start of the week.  Gold weakened over a firm dollar on Monday Spot gold was almost unchanged on Monday morning as a firm dollar stood steady with expectations of higher US interest rates and healthy data from the US. Gold steadied near its...

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Will 2017 end on a negative note for gold

It was a soft week for gold as we saw prices declining over a strengthening U.S Dollar. The U.S dollar recovered at the start of the week after the US Senate passed its tax reform bill. This created pressure on gold and hence the yellow metals price declined during Asian trading hours on Monday...

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Some Clear Drivers for Gold

A lack of clear drivers has kept gold prices between $1,265 and $1,300 an ounce throughout November, its narrowest monthly range in 12 years. Despite the volatility overnight, it was another subdued session across the precious complex in Asia, with gold struggling above $1,285 an ounce...

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Gold caught between Rally and Re-bounce

Gold headed for a weekly decline as we saw prices dropping over strengthening U.S dollar. Gold prices nudged lower on Thursday, with investors taking profits after gains of nearly 1 percent in the previous session on weaker U.S. economic data and concerns among some Federal Reserve policymakers...

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Rally vs Regression for Gold

It was a decent week for gold as it was up 0.6 per cent on Friday posting a second straight weekly gain. Gold rose on Friday as the dollar softened on uncertainty about the progress of what would be the biggest overhaul of U.S. taxes since the 1980s. The U.S. House of Representatives approved on...

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December Rate Hike Chances Strengthen

Gold recouped some of the previous session’s sharp price drop on Monday as uncertainty over a U.S. tax reform plan stoked risk aversion, pulling equities from their recent record highs. However, prices remained hemmed in a narrow range as investors awaited more clues on the path of U.S. interest...

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Gold tracks the U.S Currency

Bullion moved up on Wednesday as geopolitical tensions between US & North Korea and in the Middle East prompted investors to flock to safer assets. Gold was positive by almost half a percent and tested high in the international markets. Gold prices edged higher on Thursday, after marking a...

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Rally expected in gold in near future

Gold’s rally this year came to a halt in September. And the prices continued to weaken in October mainly due to higher US nominal and US real yields. The yellow metal fell from $1357 an ounce to $1260 on 6th October, thus signalling markets that the rally in gold prices has almost ended. Post...

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Gold Expected to Drift Lower by Year End

  Firstly, wishing everyone a very Happy Diwali and a Prosperous year ahead. And indeed it was a Happy Diwali for domestic jewellers, as the slump in gold demand had finally gained momentum this October. Demand for gold jumped in India this week on account of Dhanteras and Diwali, but high...

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Importance of Dhanteras

  This October calls for festive celebration as it welcome Diwali and Dhanteras. The festival of lights is preceded with Dhanteras when people throng markets to buy gold items and utensils for daily utility. But have you ever wondered why? Today, let’s get to know why Dhanteras...

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