Gold Silver Reports — Shares of jewelers climbed in India after the government set the rate for gold under the uniform goods and services tax below expectations, signaling a potential recovery in demand in the world’s second-largest market.
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Gold Prices Break Through a 6-Year-Long Downtrend Line
Gold Silver Reports — Gold is breaking out of a 6-year slump as investors search for safe havens during a period of global upheaval and bets that historically low U.S. interest rates will endure.
New Gold Rush Is All About Vaults
Gold Silver Reports — Safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand.
Gold Seen Rising to Four-Year High as Fed ‘Gentle’ on Rates
Gold Silver Reports — Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on U.S. employment and wages, according to two analysts attending a conference in Singapore this week.
Gold Up High on Political Risks
Gold Silver Reports — Gold rose to its highest in seven weeks on Tuesday as weak economic data in the United States reduced expectations of rapid U.S. interest rate rises this year, pushing the dollar to a seven month-low and lowering U.S. bond yields.
London’s Gold Benchmark Hit by Volatility After Banks Exit
Gold Silver Reports — London’s gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to trading data.
Metals Slide on China
Gold Silver Reports — European stocks edged higher, even as mining companies retreated with industrial metals following China’s credit-rating downgrade. The euro and dollar steadied as investors awaited fresh clues on the path for U.S. borrowing costs.