Gold Trip wins dramatic Melbourne Cup after vandal breaks onto course and sprays 1000 litres of ‘oily sludge’ onto track

GOLD TRIP won a dramatic Melbourne Cup after a vandal broke onto the course and sprayed 1000 litres of ‘oily sludge’. Trainers Ciaron Maher and David Eustace and jockey Mark Zahra – whose first experience of Melbourne Cup day was breaking his arm and leg in the race before on his first visit to Flemington … Read more

Gold Still Lacking Footing, But Steadies for Slight Weekly Gain

By Barani Krishnan — Gold longs haven’t been able to crawl out of the mid-$1,600 hole they fell into a month ago. But after a wretched week last week that proved to be its worst in two months, the yellow metal managed a positive showing this week, although its gain itself was tiny. Gold’s … Read more

‘Gold and Silver for medium to long term as investment’

Chennai, Oct 20 (IANS) With uncertainties in the world – economics and geopolitics – investors having medium to long term outlook can have and silver in their portfolio, said Motilal Oswal (NS:) Financial Services Ltd. A 20 per cent allocation to gold exchange traded funds (ETF) in an investment portfolio during Diwali is ideal, said … Read more

Gold Hits Over 3-Week Low as U.S. Yield Spike Rattles Markets

By Ambar Warrick– Gold prices fell to an over three-week low on Thursday as expectations of more Federal Reserve interest rate hikes pushed up U.S. Treasury yields and caused a steep selloff in metal markets.  U.S. Treasury yields are currently at their highest level since the 2008 financial crisis as the prospect of more interest … Read more

Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains

By Ambar Warrick– Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although hawkish signals from Federal Reserve officials prevented further gains.  rose 0.1% to $1,653.49 an ounce, while rose 0.2% to $1,658.90 an ounce by 19:20 ET (23:20 GMT). Both instruments spent a second … Read more

Adani Skill Development wins Gold Stevie Award 2022

Ahmedabad, Oct 18 (IANS) The Adani (NS:) Skill Development Centre (ASDC), a not-for-profit initiative of the Adani Foundation and the Adani Group, has been conferred with the Stevie Award in the ‘Organization of the Year – Non-Profit or Government Organizations – Medium-size category at an event held in London on October 15. The ASDC is … Read more

Gold Hovers Around $1,650, Copper Hit by China Uncertainty

By Ambar Warrick– Gold prices moved little on Tuesday, hovering around key support levels as the dollar retreated from recent highs, while uncertainty over weakening metal demand in China weighed on copper. held on to mild gains from Monday, trading around $1,650.96 an ounce, while steadied at $1,656.20 an ounce by 19:30 ET (23:30 GMT)  … Read more

Gold Pinned Below $1,650, Copper Awaits Major Production Reports

By Ambar Warrick– Gold prices inched higher on Monday but were pinned below key support levels as markets feared more interest rate hikes by the Federal Reserve, while copper markets awaited quarterly production figures from some of the biggest miners in the world, due later this week.  Bullion prices marked their worst week in two … Read more

Gold Has Worst Week in 2 Months as U.S. Yields at 14-Year High

By Barani Krishnan — The dollar is stealing every bit of safe-haven shine out, leaving gold — the original precious metal — with very little market luster. Gold’s benchmark futures contract on New York’s Comex, , settled at $1,648.90 an ounce, down $28.10, or 1.7%, on the day, after a session low at $1,646.15. … Read more

Gold Sinks Under $1,650, Then Rebounds as Risk Trade Hammers Dollar

By Barani Krishnan — Gold broke below key $1,650 support on Thursday before bulls in the space lucked out, as the dollar’s tumble on talk of peak-inflation in the U.S. helped the yellow metal recoup virtually all that it lost on the day. Gold’s benchmark futures contract on New York’s Comex, , settled down … Read more