Latest News for: Gold reserves

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India 2nd only to Turkey in share of central bank surplus transfers

The Times of India 17 Jun 2021
Another reason why India’s forex reserve position is deceptive is that it co-exists with a net international investment position of -12.9% of GDP ... With this development, India is the fifth-largest reserve-holding country in the world, the 12th-largest foreign holder of US Treasury securities and the 10th-largest in terms of gold reserves.
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Weak demand takes sheen off yellow metal

Live Mint 16 Jun 2021
The price of physical gold has declined in the last five days, raising doubts in the minds of investors who had bought into the yellow metal when prices were 20-25% below last year’s peak ... Under Basel III framework, gold will become a zero-risk tier-I asset and financial institutions will keep it as reserves, leading to a surge in demand.
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Price of Gold Fundamental Daily Forecast – Traders Preparing for Heightened Volatility After Fed Announcements

FX Empire 16 Jun 2021
Gold futures are inching higher on low volume shortly before the release of the U.S. Federal Reserve monetary policy decisions at 18.00 GMT, and Fed Chair Jerome Powell’s press conference shortly thereafter ... Federal Reserve meeting ... At 15.39 GMT, August Comex gold is trading $1860.80, up $4.40 or +0.24% ... What to Expect from the Federal Reserve.
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Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 4, Part 2: Government Money)

Bitcoinist 16 Jun 2021
... rates, while the dollar itself would be convertible to gold at a fixed exchange rate ... Gold reserves were running low, and on August 15, 1971, President Richard Nixon announced the end of dollar convertibility to gold, thus letting the gold price float in the market freely.
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Gold imports may come back post lockdown effect in May

Live Mint 16 Jun 2021
Almost all of the sharp fall in imports was due to the $5.6 billion sequential plunge in gold imports. This fall reflects the impact on retail demand for gold due to widespread lockdowns in May ... Recall that in 2020, gold imports had crashed in April and May owing to the stringent nationwide lockdown imposed in the wake of the pandemic.
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Gold Becomes Increasingly Attractive Amidst Inflation Worries

Daily Freeman 16 Jun 2021
Overall, the value of gold is difficult to predict, as it depends on many economic variables, as well as on decisions made by the Federal Reserve ... GSS) filed on March 1st, a National Instrument 43-101 technical report which includes a mineral reserve and resource update and a ...
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Gold down for 3rd day as dollar firms ahead of Fed meeting

The Times of India 16 Jun 2021
Gold prices on Tuesday fell for a third straight day, as an uptick in the dollar dented the safe-haven metal's appeal, while investors awaited the U.S. Federal Reserve meeting for clues on the central bank's monetary policy outlook ... gold futures eased 0.1% to $1,863.10 ... dollar is weighing on gold prices.
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Gold futures remain unchanged

Malaysian National News Agency 16 Jun 2021
Phillip Futures Sdn Bhd dealer Liou Xin Hui said COMEX gold prices were held in a tight range on Tuesday ahead of a US Federal Reserve meeting that could provide an indication on the eventual ...
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Gold Slides Over 1% After Fed Projects Rate Hikes Into 2023

Yahoo Daily News 16 Jun 2021
Gold prices slipped over 1% on Wednesday after U.S Federal Reserve officials brought forward projections for the first post-pandemic interest rate hikes into 2023. Spot gold fell 1.1% to $1,839.06 per ounce by 2.42 pm EDT (1842 GMT), having earlier hit its lowest level since May 14 at $1,833.65 ... gold futures settled up 0.3% at $1,861.40.
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Gold Price Futures (GC) Technical Analysis – Watch for Counter-Trend Buyers at $1798.80 to $1770.40

FX Empire 16 Jun 2021
Gold futures are down nearly 1.5% late in the session on Wednesday after U.S. Federal Reserve policymakers brought forward projections for the first post-pandemic interest rate hikes into 2023 ... Know where Gold is headed? Take advantage now with ... At 20.34 GMT, August Comex gold futures are trading $1822.40, down $34.00 or -1.83%.
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Gold Price Forecast – Gold Markets Await Longer Term Signal

FX Empire 16 Jun 2021
Gold markets have drifted a little bit lower during the trading session on Wednesday as we await the Federal Reserve statement, and quite frankly this point in time gold looks very bullish but is testing the top of what I think of as a “support block” that runs all the way down to the 200 day EMA at the $1812 level.
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Gold Price Prediction – Prices Drop as Yields Surge

FX Empire 16 Jun 2021
Gold prices continued to decline as the dollar gained traction in the wake of the Federal Reserve meeting ... Know where Gold is headed? Take advantage now with� ... Gold prices moved lower declining sharply for a 3rd consecutive session and bouncing near support is seen near the 50-day moving average at 1,830.
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Gold Price Today: Yellow Metal Trades Flat, Silver Shows Rise

NDTV 16 Jun 2021
Gold, Silver Price Today, June 16, 2021. The flat trajectory of gold prices continued as investors awaited the result of US Federal Reserve meeting ... .
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Is it possible to ‘disinvent’ the wheel?

Ghana Web 16 Jun 2021
I suggest to the reader to go on the web and link to Youtube and then search for a TV programme called Yukon Gold ... Gold Rush also depicts much the same sort of scenes ... The machines can dig up so much soil in a short time and “wash” it for gold – in a continuous, factory-type process – that they are practically “worshipped” by the miners.
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What Questions Will Be Answered in Tomorrow’s Fed Statement and Press Conference?

FX Empire 16 Jun 2021
The Federal Reserve’s balance sheet has now swelled to a record high above $7 trillion ... If that is the core concept revealed in tomorrow’s statement and press conference that the Federal Reserve will continue to show patience, it would be extremely bullish for gold and could take it back above $1900 per ounce.
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