Tag «Gold»

Gold Down Over Trump Cancellation of Stimulus Talks

Gold Down Over Trump Cancellation of Stimulus Talks

By Administrator_India Capital Sands Gold was X on Wednesday morning in Asia, hit by U.S. President Donald Trump’s shock cancellation of talks over the latest stimulus measures and a strengthening dollar. Gold futures slid 1.17% at $1,886.45 by 11:44 PM ET (3:44 AM GMT), after hovering near a one-week low hit during the previous session. The …

Indians pawn gold for loans as borrowing from banks becomes tougher

Umesh Patil, a farmer in western India, pawned 40 grams of gold jewellery to raise 130,000 rupees ($1,723.11) to buy supplies needed to plant his........

By Administrator_India Capital Sands Umesh Patil, a farmer in western India, pawned 40 grams of gold jewellery to raise 130,000 rupees ($1,723.11) to buy supplies needed to plant his next crop. Many Indians are using gold to secure loans, bankers and industry experts say, as banks are otherwise increasingly unwilling to lend during the coronavirus …