Gold Silver Weak in Global Markets

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Gold Silver Weak in Global Markets

Gold Silver Reports ~ Gold Silver counter may open on negative note tracking weak international markets as movement of greenback to give further direction to the prices.

◊ Furthermore movement of local currency rupee will give direction in MCX. Gold can move in range of 28730-29285 and Silver can move in range of 37100-38338 in MCX. Gold prices pared gains Tuesday.

◊ As a stronger dollar undercut a rally that followed terror attacks in Brussels. Explosions rocked Brussels’ international airport and a subway station near European Union institutions Tuesday, killing more than 30 and injuring many more in the second major terrorist attack on a European capital in four months. The news pushed some investors into gold, a popular safe haven in times of geopolitical or economic uncertainty. Physical demand for the metal is also expected to stay weak in China and India, the metal’s major markets, at least until the end of the month.  ~ Neal Bhai Reports