Gold hit a four-week low on Monday, extending a sell-off into a fourth straight session as technical signals deteriorated and investors fretted that the Federal Reserve would raise US interest rates this year.
The metal failed to
Gold is expected to trade back down below $1,100/oz in the fourth quarter (Q4) of 2015, which brings an annual average of $1,159/oz during the year, according to a newly released Thomson Reuters report.
Gold is set to remain under
A programme to attract gold owned by households into a bank deposit scheme to monetise the precious metal could be ready in weeks, Prime Minister Narendra Modi said on Sunday, a step aimed at cutting expensive imports.
Iran has tendered the development of a new gold deposit in its Qazvin province, with an aim to develop the participation of the private sector, according to a report.
Early prospecting at the Niku’iye gol
Gold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected US interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket.
Sudan said it expects to produce 80 tonnes of gold in 2015, its minister of minerals said on Tuesday, topping last year's record-high production in the war-torn African nation.
"In the first three quarters of the year we
The Air Intelligence Unit (AIU) of Mumbai Customs recently arrested a crew member of Jet Airways for allegedly trying to smuggle 1,160gm of gold out of the city's international airport.
Ten gold bars worth Rs2.79 million ($396
A restyled and renovated Malabar Gold & Diamonds outlet located inside Gold City, Manama, was launched yesterday (October 1). The renovation was done to accommodate growing customer footfall, Malabar Group chairman MP Ahammed said in a rep
The next six months may prove a pivotal turning point in the recovery of global commodities markets, said an industry expert.
Following nine months of geo-political incidents in Europe and the Middle East, and widespread uncertain