Gold Firms, Set To Break Three-Year Losing Streak

Gold has gained more than 9 percent so far this year despite a steep fall in November, following three successive years of losses.
Thomson Reuters | Last Updated: December 30, 2016 12:52 Jav Teacher

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Bengaluru: Gold was set to close out 2016 up more than 9 percent for its first annual gain in four years, edging higher in the final trading session of the year on Friday on the back of a weaker dollar.

Spot gold was up 0.2 percent at $1,160.42 an ounce by 0639 GMT, having earlier hit a more than two-week high of $1,163.14 an ounce. Gold is up about 2.5 percent for the week and poised to register its best weekly gain since early June.

"The dollar is retreating and that gave some support to gold, amid some light buying in a thin market," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong, adding that the focus will now be on the impact of U.S. President-elect Donald Trump's policies.
Gold has gained more than 9 percent so far this year despite a steep fall in November, following three successive years of losses. Jav taboo

"Gold made robust gains as demand surged during the periods of economic and political uncertainty until the third quarter," said Mihir Kapadia, CEO of London-based Sun Global Investments Ltd. 

However, the safe haven asset is down nearly one percent in December, and about 12 percent this quarter.

"The decline experienced by the metal during December is largely due to the market tide favouring the U.S. economy which hopes for infrastructure and spending boost under a Trump administration, which has cemented expectations of higher interest rates and higher stock prices in 2017," Kapadia said.

U.S. gold futures rose 0.3 percent to $1,161.30 per ounce.

"Some of the previous headwinds that have pushed gold lower are now fading; among bearish items now no longer on the list include a stronger dollar, rising U.S. rates and buoyant equity markets," INTL FCStone analyst Edward Meir said in a note.

The market could witness a countercyclical bounce that may carry on for a few more sessions, Meir added.

The dollar index, which measures the greenback against a basket of currencies, fell 0.3 percent to 102.330.

Other precious metals were also set to end the year in positive territory. Silver was up 0.3 percent at $16.19, on track to end the year up about 17 percent.

Platinum gained 0.4 percent to $901, heading for yearly rise of just over over one percent, its first annual gain in four years.

Palladium edged 0.2 percent lower to $670.40, but was the best performer among precious metals for 2016, up over 19 percent.Jav

Dangal Box Office Collection Day 7: Aamir Khan's Film Makes A Shade Under 200 Crore

Dangal Box Office: A still from the movie
Dangal star Aamir Khan
has a lot of reasons to celebrate - A) Dangal's box office numbers are almost Rs 200 crore (as reported by trade analyst Taran Adarsh) B) it is the week he celebrates his wedding anniversary with Kiran Rao C) Dangal broke the record for the highest single day earning of any film with Rs 42 crore last Sunday. The record was previously held by Salman Khan's July release Sultan, which is also a wrestling movie. Aamir told NDTV that Salman called to say how much he loved Dangal. Salman also tweeted to say that his family members thought Dangal was a better film than his own Sultan. Dangal features Aamir Khan as Haryanvi wrestler Mahavir Singh Phogat, on whose story the biopic is based. Mr Phogat trained his daughters in wrestlingJav HEYZO
.Trade analyst Taran Adarsh predicted
that with no big releases this week, Dangal will continue to rule box office. While sharing the collection figures on Twitter, he wrote: "#Dangal's reign to remain unopposed, unchallenged for another week. Question is, when will it hit Rs 300 crore mark? Will it challenge #Sultan?"

Here's a day-wise break up of how Aamir Khan's Dangal fared at the box office, courtesy Taran Adarsh:
Directed by Nitesh Tiwari, Dangal released in Hindi, Tamil and Telugu. Meanwhile, Aamir Khan, his wife Kiran Rao and part of Team Dangalare holidaying in Panchgani
, a hill station outside Mumbai. The vacation is to celebrate Aamir Khan and Kiran Rao's 11th wedding anniversary.Watch Jav FreeAamir Khan's much-awaited Dangal opened to packed theatres on December 23 and became the subject of rave reviews. Dangal has also garnered celebrity endorsements from Anil Kapoor, Abhishek Bachchan and Saif Ali Khan, who described Aamir's performance as 'phenomenal'
. Saif also said that Dangal was one of the best films he's seen, reported news agency IANS.


A day ahead of Dangal's release, Amir Khan confessed that he was very nervous
in anticipation of the kind of response Dangal would receive. "I'm really nervous. Yesterday I had literally been hiding in the store room of Yash Raj Films so that no one could see me. I have been constantly thinking about Dangal and it's driving me crazy. Numbers do not matter to me, neither do awards. The audience liking my film is equivalent to winning an award for me," Aamir said told reporters.

Well Aamir, your break is well earned.

Actresses Fatima Sana Shaikh and Sanya Malhotra featurehttp://movies.ndtv.com/bollywood/aamir-khans-dangal-daughters-are-sharing-pics-on-instagram-you-dont-want-to-miss-1642733
as the Phogat sisters - Geeta and Babita in Dangal. Child actors Zaira Wasim and Suhani Bhatnagar star as the younger versions of Geeta and Babita in Dangal. Directed by Nitesh Tiwari, Dangal also stars Sakshi Tanwar as the wife of Aamir's character.

Aamir Khan, 51, will next be seen in Thugs of Hindostan
, co-starring Amitabh Bachchan.Jav Censored