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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

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

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

Barrick Cuts Gold Reserves

TORONTO—Barrick Gold Corp. the world's largest gold miner, slashed the size of its gold reserves and posted a worse-than-expected fourth-quarter loss of $2.8 billion, the results of the drop in the price of gold and the company's ambitious past growth.Barrick said it had cut its gold reserves 26%, guided for lower gold production in 2014 and cut its capital-spending plans by about 50%, but said the...
Source : WSJ |
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

Gold Forecast for 2014: Global banks bullish and bearish on Gold

Those gold bulls who had predicted that gold would only continue to boom in 2013 had their mouths shut when the yellow metal fell to a record low this year. As we wait for the birth of 2014, the commodity that is being hotly talked about is gold, and gold prices only.Prior to the Vilnius Summit in November, the Ukrainian government found itself between a rThose gold bulls who had predicted that gold...
Source : Commodity Online |
Category : Commodities

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

Man held for smuggling gold

caught with 350 grams of gold when customs checked him on the basis of suspicion. Younus was carrying two gold necklaces and one gold chain in his pockets.He was held after he landed from Spicejet flight from Dubai at 11.30pm. Younus had gone to Dubai on September 20 and was trying to sneak in gold to sell in the market during the festive season.Gold import has been capped by the central Government...
Source : Times Of India |
Category : City | City : Surat

World Gold Demand Cannot Stop Falling Gold Prices

World Gold Council is out with its third-quarter gold demand trends. Despite soft gold prices, the council maintains that gold demand remains strong, even with many of the negative factors.The total supply of gold in the third quarter was down 3% from the same period a year ago to 1,145 tonnes. Modest growth of 4% in gold mining production was seen during the third quarter. There was an 11% contraction...
Source : Yahoo Finance |
Category : Commodities