Asia Precious Metals Correspondent, Singapore
Ananthalakshmi's Feed
Oct 24, 2014
Oct 24, 2014

Gold sales jump about 20 pct for Diwali – trade body

SINGAPORE (Reuters) –

Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country’s biggest gold trade group said on Friday.

Premiums in India, the second biggest buyer of bullion, jumped to $17-$18 an ounce this week, compared with $12 last week, on surging demand.

Oct 24, 2014

India gold sales jump about 20 pct for Diwali – trade body

SINGAPORE, Oct 24 (Reuters) – Gold sales in India during the
festivals of Diwali and Dhanteras celebrated this week rose by
about a fifth, a senior official at the country’s biggest gold
trade group said on Friday.

Premiums in India, the second biggest buyer of bullion,
jumped to $17-$18 an ounce this week, compared with $12 last
week, on surging demand.

Oct 24, 2014
Oct 24, 2014

Gold slips, poised for weekly loss on strong U.S. data, dollar

SINGAPORE (Reuters) – Gold dipped for a third session in a row on Friday and was set to snap a two-week winning streak as a firmer U.S. dollar and robust economic data dented the metal’s appeal as a hedge.

Bullion’s dip comes despite a tumble in U.S. stock futures and gains in other safe-havens such as bonds and the yen after a doctor in New York City tested positive for Ebola.

Oct 24, 2014
Oct 24, 2014
Oct 24, 2014
Oct 23, 2014

Gold steadies above $1,240 as Asian equities slide

SINGAPORE (Reuters) – Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued.

Asian shares sagged after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

Oct 21, 2014

Top bullion consumer China works on first gold forwards, options

SINGAPORE/SHANGHAI, Oct 22 (Reuters) – The Shanghai Gold
Exchange (SGE) is working on plans for China’s first forwards
and options in gold, sources say, potentially putting China
ahead in the race to set an Asian pricing benchmark that might
eventually rival the London gold fix.

China, which overtook India last year to become the world’s
biggest consumer of gold, bans trading in commodity options and
forwards at present to limit speculation.

    • 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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