Thursday, April 24th 01:24 PM

On a historical basis, gold prices perform poorly on Tuesdays, just as equity markets do well on that day, said Deutsche Bank in a daily metal outlook. ..Continue

Russia-Ukraine geopolitical tensions not supporting Gold: Deutsche Bank

  • Deutsche Bank has repeatedly dismissed the Ukraine crisis as a positive for gold. If anything, the bank argued, it might be negative, as sanctions (and the threat of more) squeeze holders of Russian assets and put a premium on liquidity.

Comex Gold hits 9-week low; Silver up

  • The most active June gold contract on the Comex division of the New York Mercantile Exchange was last traded down $6.90 at $1,281.60 an ounce. May Comex silver last traded slightly up $0.034 at $19.38 an ounce.

India raises import tariff value of Gold to $431 per 10 grams

  • India has raised import tariff value on gold and silver to $431 per 10 grams and $646 per kilo grams on Wednesday.

Gartman sees Gold to shoot up during next one year

  • Gold could easily be $100 higher one year from now, said Dennis Gartman, famed editor of the Gartman Letter. In the short-term gold will most likely not remain in its current $1300 territory.

Who will drive Gold this week?

  • United States and Chinese economic data will drive gold this week while traders also keep one eye on the situation in Ukraine.

Barclays sees Gold's next move to be lower

  • After a brief push to price levels around $1325 an ounce, gold has fallen back towards $1300 an ounce, but Barclays still believe its next move will be lower.

Gold trades below $1,300 an ounce; Physical buying picks up

  • Lower gold prices have caught the attention of participants in physical markets, but buyers seem tentative to participate in size for now despite recent dips below $1,300 an ounce, said Swiss bank UBS.

US, China data leads the Gold sell-off: Sharps Pixley

  • In the U.S., the March Advance Retail Sales jumped more than expected by 1.1% compared to 0.3% in February. The CPI and the core inflation, led by food and rent, rose more than anticipated by 0.2% in March.

India Govt raises import tariff value of Gold, Silver

  • India had raised the import duty on gold and silver in stages to 10% while it announces the import tariff value on gold and silver from time to time based on global price movements and to prevent under invoicing.
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