Asia Precious Metals Correspondent, Singapore
Ananthalakshmi's Feed
Nov 21, 2014

Gold eyes third weekly gain as prices hold near $1,200

SINGAPORE (Reuters) – Gold was on track for its third straight weekly gain on Friday, buoyed by short-covering and a pause in the dollar rally, while traders also eyed central bank activity for cues.

The metal traded between $1,175 an ounce and $1,205 this week, largely steady after a dip to four-and-a-half-year lows earlier in the month.

Nov 21, 2014
Nov 20, 2014
Nov 20, 2014

Unusual gold moves in Asian hours puzzle jittery traders

SINGAPORE, Nov 20 (Reuters) – Some of the biggest price
moves in gold since late October have, unusually, occurred in
Asian hours and traders more accustomed to following the lead of
their Western counterparts suspect a big increase in algorithmic
trading may be to blame.

Sensitivity to the dollar-yen exchange rate may also help
explain the moves, although some traders speculated that the
timing looked suspiciously like attempts to catch Chinese
traders off-guard during their lunch break.

Nov 20, 2014
Nov 20, 2014
Nov 19, 2014

Gold falls from near three-week high on stronger dollar

SINGAPORE (Reuters) – Gold slipped on Wednesday as a stronger dollar prevented the metal from holding on to sharp overnight gains that took it to a near three-week high.

The dollar gained against a basket of major currencies on Wednesday, with the yen sliding to a fresh seven-year low against the greenback.

Nov 19, 2014
Nov 19, 2014
Nov 18, 2014

Gold holds below two-week high on robust dollar, U.S. economy

SINGAPORE (Reuters) – Gold held below a two-week peak on Tuesday, its safe-haven appeal dulled with the dollar near a four-year high and growing signs of strength in the U.S. economy.

The dollar held steady on Tuesday after European Central Bank officials raised the prospects of further stimulus and as investors waited to see if Japan’s leader would call a snap election after the country slipped into recession.

    • 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:
    • More from Ananthalakshmi

    • Contact Ananthalakshmi

    • Follow Ananthalakshmi