Asia Precious Metals Correspondent, Singapore
Ananthalakshmi's Feed
Aug 19, 2014

China allows three more banks including StanChart to import gold : sources

SINGAPORE/SHANGHAI (Reuters) – China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world’s top gold buyer gears up for its strongest effort yet to gain pricing power of the metal.

The move, which brings the number of firms allowed to import gold into China to 15, comes ahead of the launch in September of a new international bullion exchange in Shanghai with which China hopes to become a price-discovery center.

Aug 19, 2014

China allows 3 more banks including StanChart to import gold -sources

SINGAPORE/SHANGHAI, Aug 19 (Reuters) – China has allowed
three more banks, including a foreign lender, to import gold,
sources with direct knowledge of the matter said, as the world’s
top gold buyer gears up for its strongest effort yet to gain
pricing power of the metal.

The move, which brings the number of firms allowed to import
gold into China to 15, comes ahead of the launch in September of
a new international bullion exchange in Shanghai with which
China hopes to become a price-discovery centre.

Aug 19, 2014

Gold ticks up on fund inflows, safe-haven demand

SINGAPORE (Reuters) – Gold snapped a two-day losing streak on Tuesday as geopolitical tensions and fund inflows boosted the safe-haven metal, but gains were kept in check by strength in equities and the dollar.

Equity markets rose after Russian Foreign Minister Sergei Lavrov said all issues around a humanitarian convoy sent by Moscow to relieve needy areas of eastern Ukraine had been resolved. Moscow said it would like a ceasefire to allow aid to get to people trapped by the fighting.

Aug 15, 2014

Asia Gold-Weak demand stokes concern over second-half outlook

SINGAPORE, Aug 15 (Reuters) – Persistently soft demand for
gold in Asia has stoked worries that buying will fail to pick up
in the second half of the year, when it is normally stronger,
bullion traders and dealers said.

Demand in top buyers China and India fell about 50 percent
and 40 percent respectively in the second quarter from a year
before, according to a World Gold Council report this week.

Aug 15, 2014

Gold on track for second weekly gain on safe-haven demand

SINGAPORE (Reuters) – Gold traded firmly above $1,300 an ounce on Friday and looked poised for a second-straight weekly gain as sluggish global economic data and geopolitical tensions boosted the metal’s safe-haven appeal.

Bullion was helped by data on Thursday that showed the number of Americans filing new claims for unemployment benefits rose more than expected last week, while euro zone economic growth ground to a halt in the second quarter as Germany’s economy shrank and France’s stagnated.

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    • 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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