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Bull market in oil & commodities is over |
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The bull market for oil and commodities seems to be over for now. They will have to at best spend several months repairing the damage they have taken before they can resume their bull market and at worst they may end up declining with the rest of the stock market for the next several quarters. |
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Strong dollar to help gold and ETFs: Adrian Day |
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With gold itself, the weaker dollar does actually have one huge benefit — an obvious one — which is that it makes physical buying of gold actually cheaper. Indian consumption of gold has gone up once gold fell below $850 on a rising dollar |
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Gold, silver fall on strong dollar |
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Gold and silver futures fell Friday as dollar strengthened, eroding the appeal of precious metals as alternative assets. |
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Gold sheds 3 percent to settle below $811 |
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Most precious metals including gold, silver, platinum and palladium fell Tuesday after a steep drop in oil prices and a rally in the dollar reduced bullion's appeal. |
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Gold tumbles below Rs 12,000 in India |
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Gold and silver prices fell Tuesday on inflationary concerns in India after crude oil plunged to five-month lows in the global markets. |
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Commodities may face severe corrections |
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The massive commodities sell-off that resumed on the heels of a weakening Gustav on Labor Day accelerated overnight and brought values back to $800 in the case of gold, and to near $105 for black gold. Mr. "Doom, Gloom, and Boom" Marc Faber has today repeated his previous warning that commodities may face a tough second half. |
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India's gold imports surge 45% in August |
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Fall in gold prices have led to India’s gold imports in August rising by 45 percent compared to the same month last year. In August 2007, the country imported 69 tonnes of told which rose to 100 tonnes this year. |
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Expect explosive growth in precious metals |
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The titans of U.S. finance are on the verge of systemic cross-defaulting. If this happens, it will precipitate an avalanche of U.S. bankruptcies. Investors in mining stocks and precious metals could soon realize explosive growth, Greg McCoach said. |
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Gold, platinum fall on oil price decline |
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Gold and platinum prices fell again in London as oil dropped, reducing demand for the precious metal as a hedge against inflation. |
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Gold will play between $770 and $845 |
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Gold closes below $815 once again may usher in tests towards the $800 level. For the next few weeks it appears, the range is somewhere between $770 and $845. |
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Gold rises to Rs12,140 in India |
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Global trends once again influenced gold prices in India as it added Rs 25 to close at Rs 12,140 per ten grams on Monday. |
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Silver Smith to expand training centres in jewellery |
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Silver Smith has decided to open its next centre for jewellery retailing and design at Chandigarh. At present the Company provides educational services from its large and international recognized campus in Noida under the name of JDT |
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Aussie gold output slumps 13 percent |
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World’s third largest gold producer after South Africa and China, Australia’s gold production slumped 13 percent in the June quarter as rising costs for gas, oil and diesel constrained output at the nation's mines. |
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Commodity Trends: Agri-futures awaiting revival |
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With inflation easing and record rice production expected, the markets are awaiting a possible revival of futures trading in four commodities suspended for since May. The launch of currency futures has lent dynamism to derivates sector in India. |
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Gold falls to four-month low on strong dollar |
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Gold prices fell to a four-month low as greenback gained against euro, eroding the appeal of the metal as an alternative investment. |
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Gold rises to Rs 12,100 in India |
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Gold prices gained slightly Friday and rose by Rs 20 to Rs 12,100 per ten gram on sustained buying influenced by a firm trend in the global markets. |
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Gold, silver gain on speculation |
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Gold and silver prices advanced for a third straight day Thursday on speculation greenback’s rally against the euro will stall, reviving demand for the precious metal as an alternative investment. |
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Fastest rise for US GDP in last one year |
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While today's gains are expected to finally stick as commodities watch the weather, the news that US Q2 GDP rose at the fastest pace since one year ago (now revised up to 3.3%) gave the dollar a quick epinephrine boost and brought it right back to 77 on the index. |
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Gold rises to $834 on oil surge |
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Gold prices gained for a second straight day Wednesday as energy costs surged and the dollar weakened against the euro, boosting the appeal of the precious metal as a hedge against inflation. |
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Weak rupee to add sparkle to diamond sector |
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The dipping rupee helps the industry in all merchandise and non-merchandise jewellery exports as it hedges its risk against raw materials well in advance. |
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Gold surpasses 12K mark in India |
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Gold crossed the psychological mark of 12 K Wednesday and closed at Rs 12,030 per ten grams, up by Rs 70. |
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Gold
