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Gold fell to a near three-month low on Tuesday, putting the metal on course for its worst monthly performance in 13 months as safe-haven demand evaporated and investors booked further profits on the 2010 rally. Spot gold fell as low as $1,322.70 an ounce and was bid at $1.327.70 an ounce at 1409 GMT, against $1,334.25 late in New York on Monday. U.S. gold futures for February delivery fell $16.80 to $1,327.70. Spot prices are on course for a 6.4 percent decline in January, which would be the biggest monthly fall since a 7-percent drop in December 2009. Selling is largely a consequence of a current run of positive economic data. "(We forecast gold) to have a bad first quarter," said Mitsubishi analyst Matthew Turner. "Economic data ended the year quite strongly and I thought if it carried on strongly, interest rate expectations would start to rise. "But maybe the economic outlook isn't as rosy as people think, and maybe we will see a recovery (in gold prices...

Am I married? Woo! I have no gold though I am married. It can not be thought! Gold is the matter of emotion to the girls and women of the world. It is specially the matter of high satisfaction to the females of the Indian subcontinent.  Gold is the media to expose total fairness of a girl. Gold increases beauty and image of women.Gold is the means of security to the women of middle class families. Gold is the way to show the up to date fashion. Fashion makes fascination for gold among the girls. They see aesthetic beauty in side of them though the touches of golds. They address their dearest some one telling "my gold". It is some time very much precious to them even more than their life. They think all things may go out of my hand but my gold. Gold fashion now a days is becoming more attractive and passionateness among the females even in this age of technology and careerists. From very top and busy personalities to model and house wives are the fond of gold.   Howe...

  Central banks and international institutions have been the major holders of gold for more than 100 years and are expected to retain large stocks in future. They currently account for about 20% of above-ground stocks of gold.   The process of rebalancing reserve portfolios to adjust to changing conditions has led to a reduction in the amount of gold held by some central banks recently and this process may continue for some years to come. But the central banks have affirmed that gold will remain an important reserve asset for the foreseeable future and it retains an important role in reserve management.  Central banks started building up their stocks of gold from the 1880s, during the period of the classical gold standard. Under that system, for countries on the gold standard, the amount of money in circulation was linked to the country's gold stock, and paper money was convertible into gold at a fixed price.  The development of banking and credit meant that ...

The dollar's strength led to a 3.3 percent drop this week in gold, roughly matching the metal's last significant weekly decline since July. Gold stabled on Friday after its first weekly decline in nearly 3 months, with bullion investors keeping an eye on any statements from the G20 meeting. Any currency reaction to the G20 meeting in South Korea this weekend could provide fresh momentum to the gold market. Analysts, however, said it is unlikely for members to reach a deal on a U.S.-led initiative for a commitment from emerging economies to allow their currencies to rise. "I don't think there was an expectation that they will come up with a grand solution because everybody does have a different interest," said Axel Merk, portfolio manager of Palo Alto, California-based Merk Mutual Funds. "It's just the very beginning of a currency war. It's going to take a while to brew over. I have no doubt gold will be the beneficiary in the long run," he ...

Gold may trade in a $1,325 and $1,340 range for one session before dropping toward $1,315 an ounce, as a sharp fall is generally followed by a mild consolidation, said Wang Tao, a Reuters market analyst.    Spot gold was little changed at $1,333.20 an ounce by 0303 GMT, off the $1,364.6 peak hit on Thursday. Gold is set for a 1.2 percent rise from a week earlier, the fourth consecutive week of gains. Spot gold was steady on Friday, after staging its biggest daily loss in two months in the previous session triggered by a rebound in the dollar, as the market awaits a key U.S. payrolls data for indications on the state of the economy. New U.S. jobless claims fell to a near three-month low, data showed, shoring up the U.S. dollar. Still, it was not strong enough to diffuse speculation on more monetary easing from the Federal Reserve. Investors are eyeing the all-important U.S. non-farm payrolls for September due later in the day, which were expected to be unchanged, acc...

Gold hit a record high on Friday for the third time this week as poor U.S. consumer confidence and market talk of more quantitative easing helped the alternative asset score its biggest weekly gain since May. Spot gold fetched $1,275.50 an ounce at 3:11 p.m. EDT (2011 GMT), compared with $1,272.20 late in New York on Thursday. It has gained more than $100, nearly 9 percent, since the start of August. Covering gold's rally, silver has gained 5 percent this week, double the yellow metal's 2.5 percent increase. Spot silver was up 0.1 percent at $20.74 an ounce from $20.72 in New York on Thursday. The metal received a boost from data showing Thailand raised its gold holdings by a fifth in July through open-market purchases, joining a growing list of Asian nations diversifying into gold amid volatility in other markets. Silver rose to just below $21 an ounce, approaching levels not seen since 1980 as gold's rally triggered further investor speculation that the white metal wo...