Spot gold was down 0.2% at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2% to $1,159.96, its lowest since January 2017. US gold futures were down 0.5% at $1,179.5 an ounce.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold / Dollar Ratio Sending Bearish Message To Precious Metals – Gold Silver Reports
That move lower has been exacerbated by the recent strength in the US Dollar, and has rocked Gold bulls back on their heels.
The ratio of Gold to the U.S. Dollar (NYSEARCA: UUP) offers domestic investors a good idea of where the trend is going.
China-U.S. to Resume Low-Level Talks in Bid to Resolve Trade War – Gold Silver Repors
Gold Silver Reports (GSR) – The Chinese delegation led by Wang will meet with an American group led by David Malpass, under secretary for international affairs at the Department of the Treasury, at the invitation of the U.S., China’s Ministry of Commerce said in a statement on its website on Thursday.
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Target – Gold Spot Target $1224— $1202— $1180 Full Hit Watch My Gold Spot Tips : Gold Spot Price Below $ 1242 Target $1224— $1202— $1180 …
Threat of Contagion in Emerging Markets Deepens Commodity Risk – Gold Silver Reports
Gold Silver Reports (GSR) — When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The lira plunged to a record low against the dollar this month, taking local stocks and bonds with it. Commodity markets have failed to react, with even gold unmoved by the chaos. Traders are focused more on Iranian sanctions, South American mine strikes and drought damage to crops, all of which point to higher, not lower, raw-material prices.
Gold Prices Fall for Second Day, Silver Plunges – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices edged down Rs 30 to Rs 30,630 per 10 gram on Tuesday, due to weak global cues amid slowing demand from local jewellers, reported PTI. In global markets, gold rates edged up from an 18-month low hit in the previous session as a break below a key psychological level triggered buying interest, while the US dollar pared gains after scaling a 13-month high. In Delhi, gold prices of 99.9% and 99.5% purity fell by Rs 30 each to Rs 30,630 and Rs 30,480 per 10 gram, respectively.
Gold Prices Hit 17-month low today as Investors seek refuge in dollar – Gold Silver Reports
Global gold prices hit 17-month lows on Monday, losing out to US Treasuries and a stronger dollar as investors sought refuge from a financial market rout triggered by a crashing Turkish lira. Investors traditionally use gold as a means of preserving the value of their assets during times of political and economic uncertainty and inflation. But it has this year failed to benefit as investors made a beeline for US Treasuries, seen as the ultimate safe haven, which meant they had to buy dollars.