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IT’S A “TRUMP” CARD FOR GOLD

The opening of gold for 2017 has almost been similar to what it had performed in Jan 2016. Gold started with a strong performance in Jan 2016. Similarly, gold is now outperforming most assets in its class.   From the final week of 2016 through the first three of 2017, gold has strung...

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2017 – SURPRISES TO UNFOLD FOR GOLD : RSBL

Until Wednesday last week, gold was trading in positive territory continuing the rally from the previous session. The spot gold price was quoted at $1,164.85/1,165.15 per oz, up $8.05 on the previous close. There were many supporting factors for gold’s rally- Mainly all the uncertainty that lies...

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GOLD OUTLOOK 2017 : RSBL

2016 was indeed a shining year for the shining metal. It proved to be an interesting year for gold, as the yellow metal emerged as the best performing asset of the year after a three-year bear run. The yellow metal has gained almost 26% since 1 January, the best half-year performance since 1980...

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GOLD STABILIZES AROUND $1130

The Federal Open Market Committee (FOMC) on Wednesday December 14 raised interest rates to a range of 0.5-0.75% from 0.25-0.5%, which was widely anticipated and was largely priced in by commodities and equities. Modestly analysts believe that higher interest rates in the USA are not expected to...

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GOLD STABILISES POST RATE HIKE

Globally, gold hit its lowest since early February, after the Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high. Spot gold hit a 10-1/2 month low of $1,132.15 an ounce, and was down 1% at...

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GOLD APPEAL FADING

Gold hitting newer and newer lows have been a current trend confirming a bearish view on the metal’s safe haven appeal. Reasons begin with: Death of uncertainties and acceptance of the same as a new norm. Central banks of the world getting their ticks right to push the economic growth via fiscal...

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JEWELLERY PURCHASE BY NRIS DECLINES 50%

  Jewellery purchase from the touring non-resident Indians (NRIs) has declined by 50 per cent this season due to cash crunch faced by customers. Jewellers estimate that cash transactions, which make up for about half of the entire purchase of the season, have come to a grinding halt due to...

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GOLD LOGS MODEST REBOUND FROM 6 MONTHS LOW

While we saw palladium diverged last week, gold prices remained weak. The strong dollar has been weighing on the yellow metal, but a stronger oil prices may well give it some support if stronger oil prices encourages investors back into commodity baskets. Last week gold was on the negative side...

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US PRESIDENTIAL ELECTION EFFECT ON GOLD : RSBL

As US elections head for the home stretch with both the leading candidates heading for a photo finish, financial markets across asset classes are jittery. Higher volatility is visible across all markets, be it oil, gold, bonds, currency or equities. A prelude to how markets are expected to...

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5 YEAR (2011-2016) POST DIWALI ANALYSIS : RSBL

Buying gold and silver is considered to be auspicious in most of the festival especially on Akshay Tritiya, Dussehra, Dhanteras and Diwali. Even jewellers project gold in different manner during festival season. Jewellery houses offer attractive discounts and other such schemes to lure the...

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