By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
Spot Gold (Bullion) climbed as much as 2.4% to $1,611.42 an ounce, the highest level since 2013, and traded at $1,609.28 at 8:32 a.m. in Singapore.
South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.
Despite majority of geo-political and economical issues being initiated by USA, the US dollar basked in all its glory as a safe haven asset backed by strong fundamentals in form of positive US macro data, multiple fed rate hikes and positive price action in US bond market.
As per a senior SBI official, the average cash withdrawal from ATMs per card is less than Rs 20,000 and the move will help in checking frauds and promote digital transaction. About a month ago, the State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.
Yesterday, I Told You Buy Silver at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Silver on MCX settled down 2.05% at 36854 as the dollar hit a more-than-one-week high on the back of intensifying global trade tensions and economic worries in emerging markets.
Yestday Silver MCX Buy Call : Silver MCX Low ₹ 36641, Buy Slowly and Accumulate Every 500 Points – Don’t Panic @ Lower Level – Target 38100——39200 – Neal Bhai Reports