Gold edges down from twelve-month high
Feb 15, 2016 11:34 am UTC| Commentary
Gold declined by more than 2 percent at $1,210 per troy ounce, and trades $50 below the twelve-month high hit last Thursday amid higher risk appetite among market participants. On Friday, the SPDR Gold Trust, the worlds...
Gold remains a safe haven amid global turbulence
Feb 10, 2016 11:32 am UTC| Commentary
Gold surged above the $1,200 per troy ounce mark and is likely to further. Amid global turmoil, gold clearly remains in demand as a safe haven. Gold in euro terms touched a 7½-month high of 1,076 per troy ounceon...
FxWirePro: Bears in charge of copper, $1.75 in sight
Feb 10, 2016 09:42 am UTC| Commentary
Copper price has reached our short term upside correction target around $2.14/pound and has fallen since. Sharp selloff in copper came despite China being closed for the week long New Year holiday. In one of our previous...
Goldman Sachs calls for $1000/troy ounce gold by year end
Feb 09, 2016 11:35 am UTC| Commentary
Hope for gold bears. US investment bank giant Goldman Sachs, which predicted oil could drop to as low as $20/barrel, thinks the current rally in gold unlikely to last and not only that but Gold could drop to as low as...
Golden days for Gold, hits 3- month high
Feb 09, 2016 05:58 am UTC| Technicals
Gold prices rose on Tuesday, with futures for gold trading 3.40% higher at $1200.77 per troy ounce on Monday. In addition, falling oil prices make the Gold as safe haven asset. It made intraday high at $1195 and...
Outlook towards base metals likely to improve
Feb 08, 2016 09:27 am UTC| Commentary
Recently, the LMEX base metal index rose to new levels, touching its highest level since mid-November 2015. The rise in the index was due to strengthening of physical demand and expectations for Chinas January metal...
Global Gold demand likely to rise in 2016
Feb 02, 2016 00:24 am UTC| Commentary
According to GFMS Thomson Reuters Gold Survey, gold prices are likely to rise above $1,200 per troy ounce in 2016, primarily on the back of higher demand from Asian countries. GFMS expects demand for gold in India to grow...
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