Gold Silver Reports (GSR ) – A weak dollar boosted investors’ appetite for greenback-denominated commodities. Further, US homebuilder sentiment reported its steepest one-month drop in near 5 years in November, which also kept bullion prices elevated.
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Gold Inched lower on Tuesday, Pressured by Dollar
Gold inched lower on Tuesday, pressured by a slight uptick in the dollar and held a narrow range in light trade ahead of the U.S. Thanksgiving holiday.
Commodity Updates: Brent Crude Recovers, Gold Slides
Commodity Updates: Brent Crude Recovers – Brent crude rose 1.25 percent lower at $63.31 a barrel. It slumped 6.4 percent yesterday, the lowest level in nearly a year.
OPEC And its Allies Are Set To Meet on Dec. 6 to Discuss Supply Cuts
Gold Silver Reports (GSR) – Growing fears of an economic slowdown, which saw global stock markets tumble again, added further pressure on crude.
MCX Crude Oil Trading Zone Between 3949—4220
Gold Silver Reports (GSR) – Crude Oil dropped as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.
Gold Worth $37 Billion Traded in London Each Day, New Data Shows
Gold Silver Reports (GSR) – London is a global gold trading hub but most transactions are made in over-the-counter trades between banks, brokers and dealers who have been reluctant to reveal their activity.
Gold Prices Fall For Second Day, Silver Rates Decline
Gold Silver Reports (GSR) – Gold rates today slipped by Rs 100 to Rs 32,000 per 10 grams. Steady global prices capped the fall in domestic gold rates, traders said. Tracking gold, silver rates today fell by Rs 200 to Rs 37,900 per kg, hurt by lower offtake by industrial units and coin makers. Prices of gold of 99.9% and 99.5% purity fell by Rs 100 each to Rs 32,000 and Rs 31,850 per 10 gram, respectively.