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Daily market movers: Gold tumbles despite recent threats by Washington
FIIs go slow on Indian equities in July
Gold Silver Reports — Foreign institutional investors (FIIs) pumped around $388 million into Indian shares in July, the lowest since April, staying on the sidelines for signs of recovery in corporate earnings amid concerns over stretched valuations.
AngloGold, Harmony Deal Is Said to Stall on Mining Charter
Gold Silver Reports — Harmony Gold Mining Co.’s long-running talks to buy AngloGold Ashanti Ltd.’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter.
Gold Price Attempts Breakout…Yet Caution Warranted
Gold Silver Reports — Since gold’s all-time high of $1,923 per ounce in September 2011, the nearly 6-year decline that this week has brought prices back to $1,270 has been broadly defined by a falling linear trend of selling pressure.