The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.

 

 

 

GOLD BEHAVING MORE LIKE A RISKY ASSET THAN A SAHE HAVEN ASSET (21/04/2012)
Gold edged up on Wednesday after a successful Spanish debt auction eased fears about the euro zone debt crisis, but gains were capped as the euro remained under pressure ahead of a longer-term debt sale in Madrid later this week.
Gold was again little changed again in European trading on Friday morning, unable to find a strong direction and instead likely to replicate the recent volatile but rangebound trading pattern ahead of the weekend.

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Gold price woes continue… (11/04/2012)
Gold continued its descent in Europe on Wednesday morning, extending Tuesday’s late sell-off to below $1,630 after the latest US FOMC minutes dampened hopes for more quantitative easing.Spot gold fell $16.80 to a fresh low since March 22 at $1,629.60 per ounce at one stage. It was last at $1,636.30/1,636.90, still down $10.80.
Gold fell alongside other assets - global equities, energy markets and the euro - after the FOMC minutes reiterated that more monetary injection would only be needed if the economy worsened. Only two out of the 10 voting members supported a third round of quantitative easing (QE3) to stimulate the US economy, which, they agreed, was moderately improving

Continue reading by clicking on http://www.riddisiddhibullionsltd.blogspot.in

The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.