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Indian Trade Ministry Wants To Reduce Gold Tariffs
(Kitco News) – According to recent media reports, there is some pressure within the Indian government to reduce tariffs on gold imports.
Read moreGold Lower Amid Bearish Outside Markets, Weaker Technical Posture
Gold prices are modestly lower in early U.S. trading Tuesday, pressured by a firmer U.S. dollar index and weaker crude oil prices. A recent deterioration in the chart postures for gold and silver markets have prompted some new technical selling. April …
Read moreThere’s No Telling
Some haven demand today pushed gold higher along with a quietly softer U.S. dollar
Read moreGold Gets Modest Lift From Safe-Haven Demand, Corrective Bounce And Bullish Outside Markets
Gold prices ended the U.S. day session modestly higher Monday, on some safe-haven demand and by an upside technical correction following Friday’s strong losses that pushed prices to a three-week low.
Chinese Gold Demand Lackluster Despite Lower Prices, Looming New Year Festival
(Kitco News) – Despite the recent drop in gold prices, some analysts have noted that demand out of China has been relatively lackluster – especially ahead of what is considered one of the major gold events of the year.
Tahoe Resources To Acquire Rio Alto Mining
(Kitco News) – Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO) is set to acquire Rio Alto Mining Ltd. (TSX:RIO)(NYSE:RIOM) in a deal valued at more than C$1 billion.
DRC Government Worrying Mining Industry – DRC Chamber Of Mines
The Democratic Republic of Congo’s Chamber of Mines believes the recent “decision by the DRC’s Ministry of Mines to suspend consultations with the DRC’s mining industry about the country’s proposed new mining code, and to refer it in draft legislation form to parliament instead, poses a material threat to further investment.”
CFTC Shows Gold, Silver Long Positions Cut As Fed Prepares To Hike Rates – Analysts
(Kitco News) – As analysts were expecting, data from the U.S. Commodity Futures Trading Commission (CFTC) shows that money managers reduced their exposure to long gold and silver positions as of last week.
Read moreGold Holds 40-Day Moving Average, Safe-Haven Bounce
(Kitco News) – Gold futures popped higher in overnight action and is firm in early New York trading. Safe-haven demand is supporting gold amid on-going uncertainty about the political situation regarding Greece and the eurozone continues. The new Greek government is expected to need a new funding program once the current bailout concludes at the end of February.
Gold Leads Pack in Mining Deals – RBC
The commodities’ slump is sparking a resurgence of deals by mining-focused private equity groups, says RBC Capital Markets. Citing Bloomberg Intelligence, RBC says that a “swathe of funds,” were started at the tail-end of a decade-long commodities boom, raising more than $12 billion in the last two years.