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Swati Verma

Indians stock up gold as price correction entices buyers

27 Nov 2020

BENGALURU/MUMBAI Physical gold demand in India remained healthy this week as a drop in prices to a near five-month low encouraged retail consumers and jewellers to raise purchases in the midst of the wedding season.

Asia Gold-Indians stock up gold as price correction entices buyers

27 Nov 2020

BENGALURU/MUMBAI, Nov 27 Physical gold demand in India remained healthy this week as a drop in prices to a near five-month low encouraged retail consumers and jewellers to raise purchases in the midst of the wedding season.

Indians scale back purchases as gold prices rally before Diwali

06 Nov 2020

BENGALURU/MUMBAI Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan.

Asia Gold-Indians scale back purchases as prices rally before Diwali

06 Nov 2020

BENGALURU/MUMBAI, Nov 6 Gold buying in India lost steam this week as prices scaled a 2-1/2 month peak ahead of major festivals, while discounts in top-consumer China dropped on a surging yuan.

PRECIOUS-Gold retreats as close White House race lifts dollar

04 Nov 2020

* Graphic: Global markets since Trump's election in 2016 https://tmsnrt.rs/3mLQXkZ (Adds comments, graphic; updates prices)

Oil faces bumpy road to recovery as second virus wave accelerates: Reuters poll

30 Oct 2020

Oil prices will be hemmed in the $40-45 per barrel range for the rest of the year, a Reuters poll showed on Friday, with analysts expecting a rough road to recovery into 2021 as an accelerating coronavirus outbreak fans renewed demand concerns.

RPT-UPDATE 1-India's refinery processing limps to 6-month peak

26 Oct 2020

* Crude throughput highest since March, but below pre-COVID levels

India's refinery processing limps to six-month peak

23 Oct 2020

Crude oil processed by Indian refiners hit the highest in six months in September, in another sign that demand for fuel is recovering from the blow to economic activity and transportation from coronavirus restrictions.

PRECIOUS-Gold slides over 1% after Trump pauses U.S. stimulus talks

06 Oct 2020

* U.S. economic recovery remains far from complete- Fed's Powell * Gold slides from 2-week high of $1,920.71/oz * Platinum, silver shed more than 4% * Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/ (Recasts, updates prices, adds comments) By Arundhati Sarkar and Swati Verma Oct 6 Gold declined over 1% on Tuesday, retreating from a two-week high hit earlier, after U.S. President Donald Trump called off negotiations for a coronavirus relief stimulus package until after the election. Spot gold dropped 1.4% to $1,886.01 per ounce by 4:06 p.m. EDT (2006 GMT). U.S. gold futures fell 1.6% to $1,890.20 in post-settlement trade after closing 0.6% lower at $1,908.80. "Gold prices have come under further pressure as President Trump has paused negotiations over the fiscal stimulus package, the dollar has strengthened and weighed on gold prices," said Standard Chartered analyst Suki Cooper. Trump's surprise move came after U.S. House of Representatives Speaker Nancy Pelosi said on Sunday that progress was being made in her negotiations with the Trump administration on a relief bill. Gold tends to benefit from widespread stimulus measures from central banks as it is widely viewed as a hedge against inflation and currency debasement. Bullion hit its highest level since Sept. 21 at $1,920.71 earlier on Tuesday. "Gold needs to hold $1,880 or we could revisit $1,850, but I do feel strongly that this move is temporary, it's not like a deal was imminent," said Tai Wong, head of base and precious metals derivatives trading at BMO. Earlier in the day, Federal Reserve Chair Jerome Powell warned the U.S. economic recovery remains far from complete and could still slip into a downward spiral if the coronavirus is not effectively controlled and growth sustained. "The reason that the market is hoping for a fiscal deal is because in our view, gold has actually conditioned from a safe haven asset into an inflation hedge asset," said Daniel Ghali, commodity strategist at TD Securities. "As an inflation hedge asset, the bottleneck here is actually inflation expectation. The market would need to see them rise further to pull real rates lower and gold higher." Elsewhere, silver shed 4% to $23.37 per ounce, platinum declined 4.6% to $856.15, while palladium eased 0.9% to $2,341.77. (Reporting by Arundhati Sarkar and Swati Verma in Bengaluru Editing by Sonya Hepinstall)

PRECIOUS-Gold rises, erasing losses as dollar retreats from highs

28 Sep 2020

* Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/ (Updates prices)

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