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Karachi, April 18, 2013 (PPI-OT): Gold advanced in New York as prices near the lowest level in more than two years attracted jewelry buyers and global economic data disappointed. Jewelry demand in India and China surged as consumers rushed to take advantage of the price drop. Retail sales tripled across …
Read More »Gold rise around one per cent
Karachi, April 17, 2013 (PPI-OT): Gold rose around one percent on Wednesday as the market’s extraordinary slide to two year lows prompted more physical buying interest from Asia, but sentiment was still severely shaken by the biggest two-day loss in 30 years. It has fallen about 18 percent so far …
Read More »Gold rises 2.6 per cent as market tried to find feet after previous session’s record-breaking daily loss
Karachi, April 16, 2013 (PPI-OT): Gold rose 2.6 percent on Tuesday as the market tried to find its feet after the previous session’s record-breaking daily loss, but even as physical buyers seized on the lower prices investors feared more falls. Gold has now fallen about 20 percent so far this …
Read More »Gold falls one per cent on Friday
Karachi, April 12, 2013 (PPI-OT): Gold fell one percent on Friday, on track for its worst week since late February, as the dollar rose and equity markets slid. Gold has slipped around 7 percent so far this year and is matching a downtrend in other commodities and equity markets ahead …
Read More »Gold hits lowest on Thursday
Karachi, April 11, 2013 (PPI-OT): Gold hit its lowest in a week on Thursday, pressured by heavy fund liquidation a day after European Commission documents showed Cyprus must sell around 400 million euros’ worth of gold reserves under its bailout. Heavy outflows from exchange-traded funds, a second cut in six …
Read More »Gold prices ease towards $1,580 an ounce
Karachi, April 10, 2013 (PPI-OT): Gold prices eased towards $1,580 an ounce on Wednesday as traders took to the sidelines ahead of the release later in the day of minutes from the Federal Reserve’s last policy meeting. Softer investor confidence in the metal after a fresh outflow from the world’s …
Read More »Gold rise 1 percent as volatility in currency market trigger by Japan’s aggressive monetary easing plan
Karachi, April 09, 2013 (PPI-OT): Gold rose 1 percent on Tuesday as volatility in the currency market triggered by Japan’s aggressive monetary easing plan lifted bullion’s appeal as a hedge against inflation and currency fluctuations. Silver, often more volatile and speculative than gold, rose nearly 3 percent and was on …
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