Gold Silver Reports (GSR) – A Mauritian commodity exchange that plans to start operating in the fourth quarter expects to trade $6.5 billion of gold annually within five years, part of the Indian Ocean island nation’s plan to become a financial gateway to Africa, its chairman said.
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Gold Nudges Up But on Track for Worst Month Since November 2016 – Reuters
GoldSilverReports.com (GSR) – Gold prices edged up early Friday after slipping to a more than six-month low in the previous session, as the dollar softened from recent highs, but the yellow metal was headed for its worst monthly performance since November 2016.
Crude Oil Slip But Markets Remain Hold Above $71
Gold Silver Reports (GSR) – Crude Oil Slip But Markets Remain Hold Above $71 — U.S. West Texas Intermediate (WTI) crude futures were at $72.54 a barrel at 0253 GMT….., down 22 cents…, or 0.3 percent from their last settlement.
Gold is Clearly Trending Down
Gold Silver Reports (GSR) – Gold has developed a clear downside trend break away from the strong resistance level near $1,364. Many gold traders were waiting for a breakout above the critical long term resistance level near $1,364 and a move toward $1,550. However, the uptrend was untidy in its behavior so cautious traders have been rewarded.
US will be Tough on Iran Sanctions, And that Could Sting Consumers
Gold Silver Reports (GSR) – US will be Tough on Iran Sanctions, And that Could Sting Consumers — A senior State Department official Tuesday said the U.S. is seeking a reduction in Iranian exports to zero and does not intend to grant any waivers for companies or countries seeking exemptions. President Donald Trump pulled the U.S. out of the Iran nuclear deal, which continues to be supported by Iran and the other parties to it: the U.K., Germany, Russia, China, Italy and France.
Gold Prices Slip Today on Weak Demand, Silver Reclaims ₹ 41000 Mark
Gold Silver Reports (GSR) – Gold prices moved down by ₹ 55 to ₹ 31,595 per 10 grams on Tuesday, due to sluggish trend overseas amid slowing demand from local jewellers, reported PTI. Globally, gold prices hit its lowest in more than six months as a sell-off in global risk assets eased. Moreover, the metal remained under pressure from the prospect that rising US interest rates will further support the US dollar.
Gold Prices Rise Today on Jewellers’ Buying, Silver Rate Slip
Gold Silver Reports (GSR) – Gold prices edged higher by ₹ 50 to ₹ 31,650 per 10 gram on Monday on increased demand by local jewellers despite a weak trend overseas, reported PTI. Global gold prices edged lower, pressured by a strong US dollar amid prospects of higher interest rates, while global trade worries kept the precious metal supported above a six-month low hit last week.