Gold Silver Reports ~ Gold prices rose modestly in Asia on Friday with investors noting an overall soft global economy spurring easy monetary policies that are likely to remain in place for some time.
PM Modi launched the Gold Monetisation Scheme on Nov 5
Gold Silver Reports ~ The government will pay banks a 2.5 percent commission to unlock the country’s massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers.
Gold Falls as Equities Recover
Gold Silver Reports ~ Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
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Sold Dollars to Stem Rupee Slip
Gold Silver Reports ~ India’s state-owned banks likely sold dollars on behalf of the Reserve Bank of India to prevent the local currency from weakening further, three FX traders told Reuters on Monday.
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Gold Ticks Up as Stocks Fall
Gold Silver Reports ~ Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion’s safe-haven draw, although the metal was restricted to narrow ranges.
China GDP Grows at Slowest; Gold Slip
Gold Silver Reports ~ Gold slip mildly on Tuesday in spite of a slightly lower dollar as annual GDP in China grew at its slowest pace in a quarter century last year, dampening demand enthusiasm for the precious metal in the world’s second-largest economy.