Gold price dip bolsters festive demand in India; premiums slip in China
MUMBAI/BENGALURU – Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world's...
Gold finally sparkles this Akshaya Tritiya, sales up over 25%
Jewellers reported better footfalls on the auspicious day of Akshaya Tritiya Tuesday with many reporting up to 25 percent sales volume over the previous year.
Lower retail prices of gold and the marriage season boosted...
Goldplat: Building on African success to expand operations
Building on the successes of its profitable core gold recovery operations in South Africa and Ghana, AIM-listed Goldplat sees the potential for continued strong revenue growth and stable margins in other parts of the...
Asia Gold-Lower prices, festive demand boost purchases in India, Singapore
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for...
Why US dollar strength is long-term catalyst for gold
As we know, gold and the US dollar have an inverse relationship. Gold is priced in US dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods...
Premier Gold shares jump on high-grade discovery in Nevada
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.
In...
World’s central banks want more gold as India joins spree
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their...
Gold steadies near 4-month low as dollar gains in wake of US data
Gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that US economic growth picked up in the first...
How central bank gold buying is undermining the dollar
Ahead of the Herd has been digging into why central banks are buying a lot of gold recently. What we’ve found is eyebrow-raising, to say the least. It may be the best reason you’ve...
Precious-Gold slips to 1-week low as global slowdown fears ease
Gold prices fell to a more than one-week low on Monday, as stronger-than-expected data from China and a robust start to the U.S. earnings season soothed concerns about a global economic slowdown, denting the...
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