Gold Silver Reports — Technically Copper market is getting support at 416 and below same could see a test of 412 level, And resistance is now likely to be seen at 428, a move above could see prices testing 430.
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India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes
Gold Silver Reports — India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade.
Gold Futures Punch Through $1,300 as Global Stocks Extend Losses
Gold Silver Reports — Gold futures broke above $1,300 an ounce, rising to the highest level since November, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his legislative agenda.
New Currency in Race to Remake One of World’s Oldest Markets
Gold Silver Reports — The blockchain revolution is gunning for the gold market. — Public online ledgers that emerged from the explosive markets for bitcoin, a virtual currency, already have drawn the attention of businesses from banks to retailers who see blockchain systems as a revolutionary way to verify and record transactions. Now, companies including exchange owner CME Group Inc., IEX Group Inc. spinoff TradeWind Markets and financial technology firm Paxos are rolling out similar platforms to bring gold into the digital age.
Kingsgate Surges as Thailand Lifts Gold Mine’s Suspension
Gold Silver Reports — Kingsgate Consolidated Ltd., the Australian producer that shuttered Thailand’s biggest gold mine following a licensing dispute, advanced the most in 18 months after the Asian nation’s government said a suspension had been lifted.
Global Gold Prices Firm ahead of Fed Minutes
Gold on Earth Drop Below Rs 30000, Silver Plunges Rs 800
Gold Silver Reports — Gold moved on a slippery track on Wednesday, settling below the Rs 30,000-mark by plunging Rs 300 to Rs 29,750 per 10 grams, in a sign of subdued overseas trend as well as local demand.