The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
Tags: Gold
Gold set to incur its biggest yearly loss in 30 years - report
A report on Arabian Business read that gold will be recording its lowest annual plunge since three decades ago due to combined pressure from the monetary stimulus easing of the US Federal Reserve.
Gold rises in third consecutive day as investors await Fed stimulus taper decision
As investors await for the decision of the US Federal Reserve to the timeline when it will begin with its tapering of its monthly bond purchases, prices of gold and other minerals saw increases in the financial markets.
Gold loses its shine as funds predict 31% drop this year
Dara compiled by Bloomberg indicated that investors are exiting from their gold-backed exchange-traded products this year. $69.5 billion in value was removed in the ETPs and analysts expect an additional 311 tons will be removed from the ETPs next year.
Bets by hedge funds are bullish since 2007 - report
Recent data by the US Commodity Futures Trading Commission indicated that hedge funds are the least bullish about their bets in gold despite strong US economic data.
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The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.
Global trades on bullion fell as the United States' credit outlook gets boosted by Standard & Poor's.
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
Gold prices surge as many investors opt for the metal in light of the Cyprus meltdown. Gold values expected to increase in the next quarter because of the current Cyprus crisis.
Investors of Commodity exchange-traded funds (ETFs) are shifting their interest to funds with broad commodities exposure.
Rio extends budget after impasse with Mongolian government over mining project. The Rio Tinto subsidiary overseeing the Oyu Tolgui gold and copper project, Turquoise Hill Resources Ltd had announced that an extension on construction funding has been provided while discussions are ongoing with the Mongolian government to find a settlement for their dispute.
