Gold prices surge after Budget statement

Finance Minister Nirmala Sitharaman these days proposed boom in import obligation on gold and another precious metallic to 12.Five%, from 10%, sending home gold costs sharply better. “It is proposed to boom custom obligation on gold and other valuable metals from 10% to twelve.Five%,” Finance Minister Nirmala Sitharaman said in her Budget speech. On MCX, […]

Junior Miners Not Benefiting From Higher Gold Prices…For Now – Mickey Fulp

(Kitco News) – Many traders preserve to celebrate gold’s full-size breakout and 6-12 months high remaining month, however no longer all of the gold sectors is seeing the robust interest. Interest inside the junior-exploration region has been lackluster as compared to gold, which saw its exceptional month in three years. While gold costs rallied 7.Eight% […]

Gold costs upward push nowadays after largest one-day fall in over years

Gold charges these days recovered after seeing its biggest one-day tumble in years inside the preceding consultation. Gold prices have been buoyed by the secure-haven call for after weak international manufacturing records reignited fears approximately international slowdown. Spot gold became up 0.Four% at $1,389.49 according to an ounce. Gold fees fell as much as 1.Eight% […]

How helpful are excessive gold expenses for fortunes of jewelry maker Titan?

Some of the glitters of gold seems to be rubbing off on Titan Co. Ltd. Its shares touched a new 52-week excessive on Monday, even as the rate of the yellow metallic rose. However, as has often been visible, clients tend to postpone purchases while gold charges spike and adopt a wait and watch policy. […]

Gold Prices Back Above $1,four hundred on Bargain Hunting, Safe-Haven Buying

(Kitco News) – Gold costs are sharply higher in noon U.S. Buying and selling Tuesday. The safe-haven metallic is seeing the renewed call for from investors and buyers as their universal danger urge for food is much less robust than that which was visible on Monday. Bargain shoppers also stepped in to shop for the […]

Ripe For Next Bull Run: Can Gold Retrace 2013’s $1,seven hundred Peak?

(Kitco News) – Gold is asking equipped to re-begin it’s bull run after five years of “caged trading,” because of this the yellow steel could be looking at retracing its course to 2013’s height of $1,700 an oz., in line with Bloomberg Intelligence (BI). “Gold has worthy catalysts for price profits after five years of […]