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.
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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.
Precious Metal Surged to $3.80 Billion in Dec Month
Gold Silver Reports ~ India’s place in the Gold market is special if you check some facts about gold consumption. The country’s appetite for the yellow metal is something that should be written in golden letters in the annals of the history of gold. The country’s greed for gold is validated by the latest import bill.
India’s imports of the precious metal surged to $3.80 billion in December from $1.36 billion in the yearago period. The imports of gold more than doubled as suggested by the import bill. The increase in imports might be due to the surge in demand observed in December prompted by the gold price slump in 2015.
Goldman Expected More More Losses; Crude Oil
Gold Silver Reports ~ Mining giants including BHP Billiton Ltd. and Rio Tinto Group tumbled as commodities producers slumped along with oil on Monday, which sank after Iran secured the lifting of sanctions that have capped crude sales.