Gold futures extended gains for the third straight session as a weaker rupee made the dollar-quoted gold expensive, analysts said.
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Read the full article: "Gold extends gains, awaits US data"
Monday, January 5, 2009
A failed swing in the bearish descending wedge formation– signals a downward breakout and test of the June 2006 low of $550.
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Read the full article: "Signs of downward breakout and low of $550 in gold"
Friday, January 2, 2009
Spot gold is testing medium-term support at $750 an ounce. Failure would indicate another test of $700.
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Read the full article: "Spot gold tests medium-term support at $750"
Thursday, January 1, 2009
Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning.
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Read the full article: "Demand for gold as hedge is slowing"
Thursday, January 1, 2009
The overall trend remains down for gold as the dollar is still strong. Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning.
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Read the full article: "Overall trend remains down for gold"
Tuesday, December 30, 2008
Despite the severe and uncertain economic crisis, gold is not showing any uptrend, which suggests that investors are comfortable holding cash rather than investing in the precious metal.
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Read the full article: "Gold not showing any uptrend"
Monday, December 29, 2008
The benchmark gold February contract on the MCX may open at round 12,770 rupees per 10 grams, they said. The contract may trade in the range of 12,600-12,850 rupees. The contract closed at 12,738 rupees per 10 grams in the previous session.
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Read the full article: "February contract may open at round 12,770 rupees"
Friday, December 26, 2008
Gold recouped some of last week’s late losses in early trading as the dollar weakened, driving bullion nearly 1 percent higher.
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Read the full article: "Gold recouped some of losses in early trading"
Friday, December 26, 2008
Gold futures are expected to open marginally higher on Monday in step with global markets, an analyst said.
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Read the full article: "Gold may open up on global leads"
Thursday, December 25, 2008
Deutsche Bank said that the gold to nickel price ratio, a key indicator of economic performance, could fall into single digits if the recession is as deep as that of the early 1980s.
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Read the full article: "Gold/Nickel ratio likely to slip due to recession: Deutsche"
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Wednesday, January 7, 2009
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