China adds gold holdings
China increased its gold hoard in January, raising its holdings by 0.9% to 57.18 million ounces from 56.66 million ounces a month earlier, according to the People’s Bank of China.
Gold lifts to three-month high
Gold has risen to a three-month high in volatile trade, as a mixed US jobs report prompted investors to reassess the outlook for US interest rates in 2016, putting bullion on track for its strongest weekly performance in more than a year.
Expect gold prices to trade sideways: Sushil Finance
Gold steadied after touching three-month highs on Tuesday, underpinned by global growth concerns and as another sharp drop in the oil price pushed investors toward safe-haven assets. Weak Chinese manufacturing data on Monday underscored the challenges for the world economy, while volatility in oil and other assets fueled interest in gold as a haven from market turmoil.
BREAKING NEWS: COMEX Registered Gold Inventories Plummet 73% In One Day
Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. Well, this all changed today as a stunning 201,345 oz (73%) of the total 275,325 oz of Registered Gold was transferred to the Eligible Category today:
Asian stocks struggle as headwinds grow; gold shines
Asian stocks struggled to hold early gains on Wednesday as several indicators screamed caution, and a relapse in oil prices made sentiment even more fragile ahead of a Federal Reserve policy statement due later. Technology giant Apple Inc's forecast of its first revenue drop in 13 years signalled a risk of diminishing corporate profitability and more downgrades