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.
China Support for Gold - (30/11/2013)
The world witnessed one of the greatest historic deals as an agreement was reached between the United States and Iran over Iran's nuclear ambitions. This breaking news on the geo political front created hype hoopla in the market.
However, the sentiments subdued on Thursday as the US markets were for the annual Thanksgiving. Hence gold managed to snap a two day losing streak with spot prices closing at $1243.60. Overall Gold had nothing to gobble about this week, with the precious metal mired in the $1,240 range amid low volumes due to the US Thanksgiving holiday.

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"FED" UP??? - (24/11/2013)
Post 2008 gold prices have sky rocketed and this made gold an investors favourite. Following the 2008 crisis , investors turned to gold as a hedge against inflation that was expected to rise as a result from central banks effort to stabilise the economy through bond purchases.
But 2013 has been considered one of the worst years for bullions as it turned tabled for all precious metals.

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QE SUPPORT- US REMAINS FRAGILE - (16/11/2013)
2013 ends on a red note for gold as it heads for its first annual drop in 13 years.
Gold has seen a lot of movements throughout the year. The main reason for this drop was the uncertainty over the QE tapering. QE was responsible to set record highs for gold and the same is the reason for its downfall in 2013. Even today, QE tapering is under one’s scanner- the question is not IF but WHEN.

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All Glitters or Just Jitters for Gold - (10/11/2013)
Gold made a snake like movement last week , ending on a downward note as the week concluded.
The dollar pushed broadly higher against the other major currencies on Friday, after the release of strong U.S. jobs data fuelled further speculation that the Federal Reserve could soon begin tapering its stimulus program.
Gold has lost about a fifth of its value this year after these news. The bond purchases and low interest rates has burnished gold's inflation-hedge appeal.

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Halloween Hangover for Gold - (03/11/2013)
The Halloween fever seems to have caught hold to gold too as we saw some tricks and treats for the yellow metal.
There were mixed sentiments in the market as the much awaited Fed meeting concluded on the 30th
The Federal Reserve has offered a bundle of surprises this week due to which gold and other precious metals fell on Thursday.

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This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.