Bullion Capital announces liquidity deal with Finemetal Asia
Bullion Capital has announced a new partnership agreement with specialist liquidity provider, Finemetal Asia. The collaboration with Finemetal Asia is a significant step in Bullion Capital's rapid global expansion since it launched a pioneering real-time exchange for allocated physical precious metals in 2013.
India Gold ETFs decline in March quarter: CRISIL
Gold exchange traded funds (ETFs) has posted 4.46% decline or 21,742 folio closure to end at 4.66 lakh folios in the quarter ended March 2015. The retail segment saw closure of 20,265 folios in the latest quarter as investors shied away from the category due to subdued performance by the underlying asset.
What to lift Gold to $1,300 an ounce?
The combination of U.S. economic growth concerns along with the rising risk that Greece will default on its debt obligations in the coming months, should see gold rally to highs near $1,300 an ounce sometime in Q2-2015 -- monetary policy trends, safe-haven buying should prompt specs to cover short exposure and build new longs, with technical positioning providing the path to the higher target.
What to drive Gold prices in near term?
The timing of the Federal Reserve's US rate hike remains the dominant driver of gold prices in the short term, said British bank Barclays, adding that the bank's economist still expect a first move in September.
US Gold Bullion exports spike 83% in Q4: USGS
Most of the increase in bullion exports in the fourth quarter were, in descending order, to Switzerland (29,400 kg increase), Hong Kong (23,800 kg), and India (10,200 kg), which were partially offset by a 6,100 kg decrease in exports to the United Kingdom.
India's Gold imports surge 93.86% to $4.98 bn in March
India's gold imports surged by 93.86% to $4.98 billion in March as compared to $2.57 billion in the same month last year mainly due to declining prices and easing of restrictions by the RBI. Nation's silver imports also advanced about 4.5 times, from $121.4 million to $561.4 million.