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By Swansy Afonso, Bloomberg |
June 12, 2013
Gold imports by India, the world’s largest consumer, are plunging as an increase in tax and restrictions on financing shipments boost costs for jewelers, helping the nation contain a record current-account deficit.
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By Siddhartha Singh, Swansy Afonso and Nicholas Larkin, Bloomberg |
June 5, 2013
India, the world’s largest gold buyer, increased a tax on bullion imports to curb a record current-account deficit at a time when the World Gold Council predicts record quarterly demand for the metal in the country.
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By Joe Richter, Bloomberg |
May 20, 2013
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
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By Adrian Ash |
May 9, 2013
Spot gold prices slipped back below $1,470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.
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By Ben Traynor |
May 3, 2013
Over in India, traditionally the world's biggest gold buying nation, the central bank today proposed new restrictions on gold bullion imports as part of its annual monetary policy statement.
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By Ben Traynor |
March 1, 2013
Spot market gold bullion fell to one-week lows below $1,570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.
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By Ben Traynor |
February 25, 2013
"Support [for gold] sits at $1,522, the low from December 2011," says the latest technical analysis from Scotia Mocatta. "A break of that level will do significant damage to the long-term uptrend."
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By Ben Traynor |
January 22, 2013
U.S. dollar gold prices hovered above $1,690 an ounce Tuesday morning in London, close to one-month highs, while prices in yen quoted on Tokyo's gold futures market set a new record.
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By Jon Nadler |
January 22, 2013
Analysts at Citigroup and Goldman Sachs have scaled back gold price forecasts, especially in the longer-term, as the underpinnings of its bull market are being called into question.
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By Ben Traynor |
January 18, 2013
"It can only be a question of time before buoyant [exchange traded fund] demand causes the silver price to rise," say commodities analysts at Commerzbank, noting that yesterday saw the largest inflows into silver ETFs since December 2010, taking total ETF holdings to a new record of nearly 20,000 tonnes.