Gold Silver Reports – Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand — Gold prices tumbled by Rs460 to Rs31,390 per 10 grams at the bullion market on Wednesday, snapping their four-day rising streak due to subdued global cues amid slump in local jewellers’ demand. Silver also fell by Rs250 to Rs39,300 per kg owing to reduced offtake by industrial units and coin makers.
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Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh
Gold Silver Reports – Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh — Gold prices up slightly on Wednesday, extending the decline from the previous session, as investors interpreted comments from Federal Reserve chairman Jerome Powell to mean that the US may raise interest rates more frequently than anticipated this year.
RED ALERT: Trap Game Start BANK NIFTY 23300 VERY VERY SOON
BANK NIFTY: WATCH 24800 Level. If Close Below 24800 level, 2 Days. DOOR OPEN FOR TARGET 23300— VERY VERY SOON RED ALERT: Trap Game Start BANK …
Gold, Copper Decline After Powell’s Remarks on Rates Boost Dollar
Gold Silver Reports – Gold, Copper Decline After Powell’s Remarks on Rates Boost Dollar – Reserve Chairman Jerome Powell that signaled U.S. policy makers will keep on gradually raising interest rates, undeterred by recent market fluctuations.
U.S. Weighs Venezuela Oil Sanctions Before April Vote
Gold Silver Reports – U.S. Weighs Venezuela Oil Sanctions Before April Vote — The U.S. is leaning toward imposing oil-sector sanctions on Venezuela before the country holds April 22 elections that opposition leaders have vowed to boycott, according to a senior State Department official.
Gold Prices Up by Rs190 on Firm Global Cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Up by Rs190 on Firm Global Cues, Jewellers’ Buying — Gold prices maintained its upward trend for the fourth day on Tuesday, climbing Rs190 to Rs31,850 per 10 grams, largely in line with a firm trend overseas amid sustained buying by local jewellers. However, silver prices slipped by Rs150 to Rs39,550 per kg due to reduced offtake by industrial units and coin makers.
Top Gold Producer, Newcrest Mining Ltd, Boosts Bets on Ecuador’s Riches
Gold Silver Reports – Australia’s largest top gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.