Gold Silver Reports – Hedge Funds Battle With Goldman Sachs in Going Long on Aussie – Goldman Sachs Asset Management is clashing with speculators in a wager on a weaker Australian dollar, just as those hedge funds top up bets on the currency appreciating.
Month: October 2017
Natural Gas Price Report Analysis for October 10, 2017
Gold Silver Reports – Natural Gas Price Report Analysis for October 10, 2017- Natural gas prices continue to decline on Monday, after dropping through trend line support on Friday. Prices were unable to gain traction, as warmer than normal weather is expected to cover most of the United States over the next 8-14 days, which will substantially reduce cooling demand in the beginning of the fall.
India Anti-Money-Laundering Rule Reversal
Gold Silver Reports – India Anti-Money-Laundering Rule Reversal – Shares of jewelers climbed in India after the government withdrew an order that brought the industry under anti money-laundering legislation, a move that comes just as gold buying improves before the Hindu festival of Diwali, the peak season for demand.
F&O Actions Hint a Fall Substantially Below 10,000 Level Looks Unlikely
Gold Silver Reports – F&O Actions Hint a Fall Substantially Below 10,000 Level Looks Unlikely – The Nifty could continue to consolidate with a positive bias before having a shy at its record high of 10179, F&O cues at Monday’s close indicated.
Gold prices rise Rs300 to Rs29,660/gm
Gold Silver Reports – Gold Prices surged by Rs300 to Rs29,660 per 10 grams at the bullion market in Mumbai on Monday on fresh buying by jewellers and retailers after the government revoked an order that mandated permanent account number (PAN) and Aadhaar cards for purchases above Rs50,000.
Zinc MCX Upside Resistance Key 217—220
Gold Silver Reports – Technically Zinc MCX market is under long liquidation as market has witnessed drop in open interest by 7% to settle at 9453.
Gold-Coin Sales Drop to Decade Low as Retail Buyers Flee
Gold Silver Reports – These days, even coin collectors have turned sour on bullion. Sales of gold coins in the first nine months of the year shrank to the lowest in a decade, U.S. Mint data show.