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Gold rout mars investor appeal, catches out expertsEven the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold's value as part of an investor portfolio. Most experts failed to see the collapse coming. A Reut More… |
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Kaloti plans bullion ingots productionDubai-based Kaloti Jewellery Group, a leading gold and precious metals refiners and trading house, said it has started wholesale production and trading of commercial gold bullion and investment bars with an eye on the end customers. More… |
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Dubai’s Kaloti to set up gold refinery in SurinamDubai-based Kaloti Group, one of the world’s largest gold and precious metals refiners and trading houses, said construction has begun on Suriname’s first gold and precious metals refinery and bullion manufacturing plant in a project More… |
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Gold heads for biggest weekly drop since DecGold extended losses to its weakest in more than a month on Friday, heading for its biggest weekly drop since December as a weakening euro and equities prompted investors to sell bullion to cover More… |
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Dubai claims 29pc of global gold tradeDubai now has about a 29 per cent market share of global gold trade with nearly 1,200 tonnes - worth about $41 billion - changing hands at the city's gold markets, according to the gold industry website bullionstreet.com. That More… |
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Gold hits 11-month high; $1,800 in sightGold shot to its highest since last November on Thursday, with sights set firmly on the psychologically key $1,800 per ounce level, as the European Central Bank elected to keep interest rates at ultra low levels. & More… |
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Gold hovers near 7-month highGold firmed on Monday, holding near an almost seven-month high, as the US Federal Reserve's latest stimulus move to spur the economy led to a rush for bullion -- a traditional hedge against inflation. More… |
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Gold up for 6th day, US data helpsGold climbed for a sixth straight session on Friday, as more data pointed to a slower US recovery, opening the door wider for the Federal Reserve to ease further, which would help burnish gold's appeal as an inflation hedge. Spot gold ros More… |
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Gold near 2-week high on dollarGold held near a 2-week high on Monday on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected US economic data. Although the slowdown may not be bad enough to prompt the Fed to launch a third round More… |
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Gold slides 1pc as oil, stocks fallGold slid below $1,630 an ounce on Monday, mirroring losses in nominally higher risk assets like stocks and crude oil, as concerns that the euro zone debt crisis could ensnare higher-rated countries hurt the single currency and appetite for risk. More… |
