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.
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.
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.
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).