Gold Silver Reports ~ Crude oil held prices gains in Asia on Friday in a bargain-hunting rally that follows recent sharp falls and shrugging off a stronger dollar.
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PM Modi launched the Gold Monetisation Scheme on Nov 5
Gold Silver Reports ~ The government will pay banks a 2.5 percent commission to unlock the country’s massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers.
Gold Falls as Equities Recover
Gold Silver Reports ~ Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
Gold Ticks Up as Stocks Fall
Gold Silver Reports ~ Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion’s safe-haven draw, although the metal was restricted to narrow ranges.
China GDP Grows at Slowest; Gold Slip
Gold Silver Reports ~ Gold slip mildly on Tuesday in spite of a slightly lower dollar as annual GDP in China grew at its slowest pace in a quarter century last year, dampening demand enthusiasm for the precious metal in the world’s second-largest economy.
Gold Slip as China stimulus hopes
Gold Silver Reports ~ Gold edged lower on Tuesday as the dollar and equity markets rose after data showing China’s weakest economic growth in years fanned stimulus hopes and spurred investors towards riskier assets.
Gold Fix Up on Weak Equities
Gold Silver Reports ~ Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physicaldemand in Asia kept Gold under $1,100 an ounce.