Singapore: Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the US Federal Reserve may wind back its economic stimulus programme hurt the metal's appeal as a hedge against inflation.
Investors have been dumping gold, which is down 20 per cent so far this year, as stocks and the dollar continue to outperform. If gold closes in the red on Monday, it would match the metal's longest losing streak since March 2009.
"Investors are very bearish at the moment," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. "The stock market and the dollar are quite strong. It's a natural move for investors to switch their money from commodities to equities."
Data showed Americans felt better about their economic and financial prospects in early May, with consumer sentiment at its highest in nearly six years, while a gauge of future economic activity rose in April to a near five-year high....
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11:30 AM, May 20, 2013
New Delhi: Rolling down gold prices dropped to one-month low by losing Rs 500 to Rs 26,800 per 10 grams in the national capital today on heavy selling by stockists driven by weak global trend. This fall was in continuation to a steep fall of Rs 600 on Thursday to hit a level last seen on April 17, after the metal tumbled in overseas markets driven by reports investors cutting...
04:59 PM, May 16, 2013
London: Gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone data. While gold has recovered around 7 per cent from a two-year trough of $1.321.35 an ounce hit in mid-April, its safe-haven appeal has been battered by record-high US equities and signs of an improving US economy. Spot gold fell 0.8...
05:10 PM, May 15, 2013
Mumbai: Shares of jewellery manufacturers on Monday gained up to 7.5 per cent in an otherwise weak stock market amid hopes of pick-up in sales of gold jewellery and coins on Akshaya Tritiya. Thangamayil Jewellers soared by 7.49 per cent, Tribhovandas Bhimji Zaveri (3.19 per cent), Tara Jewels (3 per cent), Titan Industries (1.24 per cent), Rajesh Exports (1.84 per cent), Shree Ganesh Jewellers (1.84 per cent). Akshaya Tritiya is...
01:52 PM, May 13, 2013
New Delhi: Country's merchandise exports grew by 1.6 per cent to $24.16 billion in April this year, whereas imports increased by 10.9 per cent. Imports during the reported month stood at $41.95 billion. Exports in April 2012 stood at $23.7 billion, while imports were at $37.8 billion. Due to high imports, the trade deficit rose to $17.8 billion, Commerce Secretary SR Rao told reporters on Monday. Rao attributed the widening...
01:45 PM, May 13, 2013
Singapore: Gold ticked up on Monday, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal. Spot gold had risen $1.15 an ounce to $1,463.65 by 0025 GMT, having posted its biggest weekly gain in three months last week. Gold plunged to around $1,321 on April 16, its lowest in more than...
09:21 AM, Apr 29, 2013
New Delhi: It was a good day at the office for Indian grapplers as they bagged one silver and three bronze medals in the Senior Asian Wrestling Championship here Sunday. Navjot Kaur settled for silver in the 67kg category after losing her final bout to Mongolia's N Ochirbat while Geetika Jakhar (63kg) and Jyoti (72kg) won their bronze medal ties, after star grappler Geeta Phogat made a shock first round...
10:13 PM, Apr 21, 2013
Controversial jokes and funny skits kept the tempo high at the MTV Movie Awards 2013. ...
08:08 PM, Apr 16, 2013
New Delhi: The government on Tuesday slashed the tariff value of gold and silver to USD 499 per 10 grams and USD 890 per kg, respectively, taking into account weak global prices of the precious metals. Tariff value is the base price on which the customs duty is determined to prevent under invoicing. During the first fortnight of April 2013, the tariff value of gold stood at USD 521 per...
07:43 PM, Apr 16, 2013
Los Angeles: The comic book superheroes of 'The Avengers' and comedy romance 'Silver Linings Playbook' ruled at the MTV Movie Awards on Sunday on a night packed with irreverent jokes about body parts and sneak peeks of some of the year's biggest upcoming films. 'The Avengers' picked up three awards, including the top prize, movie of the year, along with best villain for Tom Hiddleston's turn as the evil Loki,...
10:52 AM, Apr 15, 2013
Mumbai: Gold prices witnessed their steepest fall ever at Rs 1,250 per 10 grams to Rs 28,350 per 10 grams on emergence of hectic off-loading by stockists and speculators. Silver, too, slumped on aggressive speculative sell-off coupled with subdued industrial off-take. Trading sentiments in India were hit by the precious metal's sharp correction in overseas markets in the last three days. Thursday's holiday in the bullion market restricted speculators from...
03:51 PM, Apr 13, 2013
New Delhi: London Olympic silver medallist Vijay Kumar could not live up to the billing as he failed to qualify for the finals of the 25-metre rapid fire pistol event at the ISSF World Cup in Changwon, Korea today. The other two Indians participating in the event, Pemba Tamang and Harpreet Singh, too failed to qualify for the medal round. While Vijay was placed a disappointing 18th in the qualification...
03:54 PM, Apr 08, 2013
Oscar-winning actress Jennifer Lawrence credits mother Karen for convincing her to accept Katniss Everdeen's role in 'The Hunger Games' franchise. ...
06:24 PM, Mar 30, 2013
Bradley Cooper insists accolades have never been a driving force in his career choices. ...
11:09 AM, Mar 07, 2013
A week after grabbing the golden statuette at the Oscars, 'Life of Pi', 'Argo' and 'Silver Linings Playbook' are enjoying fresh audience interest before finishing their theatre run. ...
02:33 PM, Mar 04, 2013
Oscar nominated actor Bradley Cooper has signed on to star in a new movie titled 'Kokowaah', an English language remake of a German film. According to reports, Cooper is setting up the project at Warner Bros Pictures with Sheroum Kim. Apart from being the actor's starring vehicle, the project could end up becoming his feature directing debut. ...
10:13 AM, Mar 02, 2013
Actress Jennifer Lawrence made a shocking gesture at the Academy Awards backstage as she posed for photographers. The 22-year-old, who won the Best Actress Oscar for her work in 'Silver Linings Playbook', turned to the cameras, made an unpleasant facial expression and showed her middle finger while her left hand clutched her trophy, reported Aceshowbiz. ...
03:36 PM, Feb 26, 2013
In a unique race, 22-year-old Jennifer Lawrence defeated the oldest and youngest Oscar nominees to take home the Best Actress Oscar for her role of a recovering sex addict in David O Russell's 'Silver Linings Playbook'. ...
01:29 PM, Feb 25, 2013
It was probably the biggest moment for actress Jennifer Lawrence as she won the Oscar for her performance in Silver Linings Playbook. ...
11:53 AM, Feb 25, 2013
Among the actors, the Best Actor went to Daniel Day-Lewis for 'Lincoln' and the Best Actress award went to Jennifer Lawrence for 'Silver Linings Playbook'. ...
11:43 AM, Feb 25, 2013
