Asia Precious Metals Correspondent, Singapore
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Jan 27, 2015
Jan 27, 2015

Dutch gold reserves up for 1st time in 16 years, Russia buys more

SINGAPORE, Jan 27 (Reuters) – The Netherlands raised its
gold holdings for the first time in 16 years in December, while
Russia extended its buying spree of the precious metal to a
ninth straight month, data from the International Monetary Fund
showed on Tuesday.

The Netherlands, with the ninth-biggest gold reserves,
raised its holdings by 9.61 tonnes to 622.08 tonnes last month,
the first increase since December, 1998. The Dutch central
bank’s holdings have been unchanged since late 2008.

Jan 27, 2015

Gold extends losses to third day on stronger equities

SINGAPORE (Reuters) – Gold fell for a third straight session on Tuesday, with profit taking driving it further off five year highs as its safe haven appeal diminished with equity markets strengthening and the U.S. dollar at an 11-year peak against a basket of major currencies.

Spot gold eased 0.2 percent to $1,278.41 an ounce by 0344 GMT. The metal fell 1.6 percent in the previous two sessions, after hitting a five-month high of $1,306.20 on Thursday.

Jan 27, 2015
Jan 27, 2015
Jan 27, 2015
Jan 26, 2015

Gold rises towards $1,300 as Greek vote sparks safe-haven demand

SINGAPORE (Reuters) – Gold climbed towards a five-month high on Monday as an electoral win by Greece’s anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion.

Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis.

Jan 26, 2015
Jan 22, 2015
Jan 22, 2015

Gold holds below $1,300 ahead of ECB on strong equities

SINGAPORE (Reuters) – Gold held below a five-month high on Thursday, hurt by profit-taking ahead of the European Central Bank’s decision on stimulus measures, and strength in Asian equities that dented the metal’s safe-haven appeal.

Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing – printing money to purchase sovereign bonds – resorting to its last big policy tool for breathing life into the flagging euro zone economy and fending off deflation.

    • 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."
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