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DGCX volumes surge 70pc in MayThe Dubai Gold and Commodities Exchange (DGCX) said it has registered yet another monthly volume record of 1.44 million contracts in May, up 70 per cent over the same period last year. The volumes traded on the Dubai exchange last More… |
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Gold slips below $1,400 on India demand concernGold fell below $1,400 an ounce on Tuesday, extending losses on worries over demand in the world's largest consumer, India, after the government further restricted imports of the metal. &n More… |
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Mideast, Africa wealth jumps to $4.8trn in 2012Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in 2012, a study by the Boston Consulting Group (BCG) showed, as strong economies and rising equity markets fuelled regional gro More… |
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Gold edges up as soft US data rekindles hopesGold inched up on Tuesday after near-2 per cent gains in the previous session, as weak US manufacturing data raised hopes the Federal Reserve would keep to its monetary stimulus programme for now. Bullion, typically seen as a hedg More… |
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Gold edges up as soft US data rekindles hopesGold inched up on Tuesday after near-2 per cent gains in the previous session, as weak US manufacturing data raised hopes the Federal Reserve would keep to its monetary stimulus programme for now. Bullion, typically seen as a hedg More… |
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Sudan mulls massive gold production in 2013Sudan will produce at least 50 tonnes of gold and 40,000 tonnes of chromium this year, the African country's mining minister told state news agency SUNA. Gold has become Sudan's biggest export, partially replacing oil reve More… |
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Gold off 2-week high vs dollarGold moved off earlier two-week highs on Friday, as the dollar rose slightly, but was still on track for its second weekly gain after weak US data eased speculation the Federal Reserve could soon scale back monet More… |
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Gold ticks higher as dollar, stocks dipGold rose toward $1,400 an ounce on Wednesday, taking a cue from broad dollar losses and falling stock markets with residual support from Chinese physical buying. But the root of weakness in wider markets - improved U.S. data sugg More… |
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Gold falls as stocks hold firmGold fell on Tuesday as Asian stock markets and the dollar firmed after a turbulent week, undermining the metal's appeal as a safe haven and prompting more selling in bullion-backed exchange traded funds. Demand in the physica More… |
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Gold slips after Bernanke commentsGold fell for a third straight session on Thursday after US Federal Reserve chairman Ben Bernanke hinted at reducing an $85 billion bond-buying programme, which has increased the precious metal's appeal as a hedge against inflation. More… |
