Was 2016 A Dismal Year For Indian Gold Demand?
Circulating reports suggest India, one of the world’s top consuming gold-nations, saw one of its bleakest years on record in 2016, with shipments into the country reportedly dropping by 46% last month — totaling just 56.9 tonnes, as compared to the 106 tonnes Indian buyers brought in during December 2015.
INTL FCStone Sees Potential 2017 Gold Range Of $1,050 To $1,400
Gold could fare better in 2017 than many analysts think due to the potential for further destabilization of the euro and a pick-up in physical demand from low levels in key gold-consuming Asian nations, says INTL FCStone.
Read moreWill The Gold “V” Bottom Hold? Watch Momentum
Gold ticked higher in overnight action in London despite modest gains in the U.S. dollar index. Investors are turning back to gold as a safe-haven as uncertainty ramps up ahead of the Inauguration of Donald Trump on January 20.
Read more‘Hard’ Brexit Fears Helping Gold See Broad-Based Currency Gains
Safe-haven demand is helping gold see broad-based gains in currency markets with investors fearing a “hard exit” as Britain prepares to negotiate its withdrawal from the European Union, according to some reports.
Kirkland Lake Gold Tops 500,000 Ounces In 2016
Kirkland Lake Gold Ltd. (TSX: KL) reports consolidated 2016 gold production from Canadian and Australian mines of 542,751 ounces.
Read moreHedge Funds Liquidate Gold Bets For Eighth Consecutive Week
(Kitco News) – Negative sentiment continues to dominate the gold market as hedge funds reduced their bullish bets for the eighth consecutive week, according the latest trade data from the Commodity Futures Trading Commission.
Read moreCiti: Gold Unlikely To Maintain ‘Prolonged Bullish Path’ In 1Q
Citi Research questions whether gold will be able to maintain its recent upward momentum in which Comex gold prices have rallied some 4% since mid-December.
Read moreGold Showing Some Resilience
Gold bounced overnight likely on British Prime Minister Theresa May’s somewhat aggressive remarks in relation to Britain’s ties with the EU.
Gold Up As Trader/Investor Demand On Upswing in 2017
Gold prices are moderately higher in early U.S. trading Monday and hovering not far below last week’s four-week high.
Jobs Report Jump Starts Dow and Dollar
The release of December jobs data today revealed that the US labor market is robust and continues to display strength.
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