Asia Precious Metals Correspondent, Singapore
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Dec 12, 2014

Gold eases as dollar firms, but set for best week since June

SINGAPORE (Reuters) – Gold slipped on Friday as the dollar rose after robust U.S. economic data but the metal was on track for its biggest weekly climb since June following gains earlier in the week from safe-haven demand.

Spot gold had eased 0.2 percent to $1,224.90 an ounce by 0337 GMT. The metal has risen 2.8 percent this week, although it failed to build on strong gains that took it to a seven-week high on Wednesday.

Dec 11, 2014

Gold climbs towards seven-week high as dollar, equities slide

SINGAPORE (Reuters) – Gold edged towards a seven-week high on Thursday as a sell-off in global equities and the dollar burnished the metal’s safe-haven appeal, though weaker oil prices capped gains.

The dollar index fell for a fourth session in a row on strength in the yen, while Asian stocks eased on global growth concerns.

Dec 10, 2014
Dec 10, 2014
Dec 10, 2014

Gold holds close to seven-week high on safe-haven demand

SINGAPORE (Reuters) – Gold was trading close to a seven-week peak on Wednesday as weakness in the dollar and global equities prompted investors to seek safety in the precious metal.

The dollar index nursed hefty losses after a brutal shakeout of bullish positions, with investors finding excuses to take profits as the year-end looms.

Dec 10, 2014
Dec 10, 2014
Dec 9, 2014

India should allow banks to hold gold as reserves – WGC

MUMBAI/SINGAPORE, Dec 9 (Reuters) – India should allow banks
to use gold as part of their liquidity reserves, which would let
them make more use of gold inside the country and reduce the
need for imports, an industry body said on Tuesday, seeing that
as an alternative to import curbs.

The world’s second-biggest consumer of the metal should also
consider setting up an exchange for transparent gold pricing and
to streamline trade, according to a report commissioned by the
World Gold Council (WGC).

Dec 8, 2014
Dec 7, 2014
    • About Ananthalakshmi

      "Anantha is responsible for Reuters' gold coverage in Asia, the biggest consumer of the precious metal. Based in Singapore, she tracks the day-to-day market movement of gold prices during Asian hours, fund flows and central bank purchases. She also covers the physical markets in key buyers China and India. Anantha used to cover U.S. companies earlier from Bangalore."
      Joined Reuters:
      2008
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