This was due to the worldwide decline
in precious yellow metal savings.
Not exact matches
«With equity markets tumbling, escalating tensions between a Saudi - led Sunni bloc against Iran, ongoing hostilities
in Syria, North Korea testing what it claims to be a hydrogen bomb, the once
precious yellow metal is looking perky,» BBH strategists led by Marc Chandler said
in a note on Thursday.
Since the beginning of the second quarter of this year, spot gold has been trading
in a tight $ 100 range, with the price of the
precious metal more or less confined
in the $ 1,200 - 1,300 per troy ounce band — and investor demand for the
yellow metal has been continuing to wane as the global stock - market rally continues unabated.
In fact, the yellow metal hasn't maintained much popular appeal on Wall Street since its historic drop in April 2013, which accelerated a bear market in the precious commodity that has since shown no signs of abatin
In fact, the
yellow metal hasn't maintained much popular appeal on Wall Street since its historic drop
in April 2013, which accelerated a bear market in the precious commodity that has since shown no signs of abatin
in April 2013, which accelerated a bear market
in the precious commodity that has since shown no signs of abatin
in the
precious commodity that has since shown no signs of abating.
This
precious yellow metal is weighed
in grams, and the rate of gold is determined as per the weight.
Government understands that provisions of trade agreements are being abused to import gold at a very low or even zero duty and hence is planning to exclude the
precious yellow metal from such trade agreements
in future.