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Remembering the victims of the Kansas Jewish center shootings

A doctor and his singer grandson and a therapist for blind babies were killed by the gunman, said to be an avowed racist. None of the victims was Jewish.Reat Underwood auditions last month for Theatre in the Park in Overland Park, Kan. Reat, 14, along with his grandfather, was gunned down Sunday outside the Jewish Community Center in Overland Park.OVERLAND PARK, Kan. — Standing at the lectern, Mindy...
Source : Los Angeles Times |
Category : Headlines

Goldman Sachs MF announces changes in GS Gold BeES

Goldman Sachs Mutual Fund has announced change in asset allocation of Goldman Sachs Gold Exchange Traded Scheme (GS Gold BeES), with immediate effect.(GS Gold BeES), in accordance with the Sebi circular to include Gold Deposit Scheme (GDS) of banks in the investible universe of Gold Exchange Traded Scheme.with immediate effect on prospective basis will be 90-100% in physical gold and gold related ...
Source : Moneycontrol |
Category : Mutual Fund

ASSOCHAM advocates setting up Gold Bank, Gold Deposit Account

Industry body ASSOCHAM has mooted a proposal to the Finance Minister Arun Jaitley for setting up of Gold Bank and introduction of Gold Deposit Account (GDA) operated through scheduled commercial banks (SCBs) to minimise the smuggling of gold."The Gold Bank would procure and retain gold abroad through offshore foreign currency borrowing. Using this gold backing from the Gold Bank, scheduled commercial...
Source : Newkerala |
Category : Business

China Gold Ownership Surges, Central Bank Holdings Still Huge

The World Gold Council (WGC) released its gold demand and gold holding report for 2013. Demand for gold jewelry surged and purchases by central banks and exchange traded funds (ETFs) tapered off. The most notable data from the analysis is that gold demand in China surged to record levels. Much of the demand was based on a drop in gold prices.Demand for gold in China set a remarkable new record of 1,065.8t...
Source : Yahoo Finance |
Category : Commodities

Industry body ASSOCHAM advocates setting up Gold Bank & Gold Deposit Account

Apex industry body ASSOCHAM has mooted a proposal to the Finance Minister for setting up of Gold Bank and introduction of Gold Deposit Account (GDA) operated through scheduled commercial banks (SCBs) to minimize the smuggling of gold.TheChamber President Rana Kapoor said, "The Gold Bank would procureand retain gold abroad through offshore foreign currency borrowing. Using this gold backing from the...
Source : Merinews |
Category : Business

Shrouding China's gold trade, more imports go under radar

employee adjusts a gold necklace on a displaying model near glass cases containing gold figurines at a gold shop in Wuhan, Hubei province August 25, 2011.(Reuters) - Banks have started trial gold imports directly into the Shanghai free trade zone ahead of the launch of a gold exchange there, threatening to further obscure the level of buying by the world's top consumer.The bulk of gold bought by China...
Source : Reuters India |
Category : Others

Mutual Funds can hold gold certificates in physical form: Sebi

hold gold certificates issued by banks in the physical forms as well, in addition to the ones in demat form, for investments made in Gold Deposit Schemes.So far, MFs were allowed to hold such gold deposit certificates only in dematerialised or electronic forms."Gold certificates issued by banks in respect of investments made by gold ETFs in GDS (Gold Deposit Scheme) can be held by mutual funds in ...
Source : Business Today |
Category : Others | City : Mumbai

Korean Stocks Rally as Gold Gains; Oil Falls With Ringgit

cookies.Five tael gold bars are arranged for a photograph at the Chinese Gold and SilverFive tael gold bars are arranged for a photograph at the Chinese Gold and Silver Exchange Society in Hong Kong.Five tael gold bars are arranged for a photograph at the Chinese Gold and Silver Exchange Society in Hong Kong.Korean and Australian stocksrallied, pushing benchmark indexes up from the lowest levels inmore...
Source : Bloomberg |
Category : International

Did Gold Really Add Over $210 Billion to the Global Economy in 2012?

The World Gold Council is obviously a pro-gold group, but they frequently offer great insight into the world of gold. We even noticed that at the start of 2013, their report was full of such less bullish comments that it seemed to tell you to expect a bad year or a much less-good year for gold. Now the World Gold Council is signaling that the direct economic impact of gold in 2012 was $210 billion...
Source : Yahoo Finance |
Category : Commodities

Gold majors lower prices used to calculate reserves: SNL Metals and Mining

As the gold price climbed steadily from 2002 to 2012, gold producers increased their reserves calculation prices to allow profitable mining of lower-grade, higher-cost ores.With the drastic fall in prices, gold miners have lowered the prices they use to calculate their gold reserves,according to SNL Metals and Mining. Gold prices have fallen 15% on a year-on-year basis so far.As the gold price climbed...
Source : Commodity Online |
Category : Commodities
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