Gold Silver Reports — Technically Silver market is under fresh selling as market has witnessed gain in open interest by 5.17% to settled at 21885 while prices down 279 rupees.
Silver MCX Under Fresh Selling Support Key 36702
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World’s Top Gold Forecaster Sees Bulls Heading for Heartbreak
Gold Silver Reports — Top gold forecaster BNP Paribas SA, bullion bulls are up against a clear and present danger — the U.S. Federal Reserve.
Buying Gold at Near $1,200 for Insurance
Gold Silver Reports — Gold will probably trade in a range of $1,200 to $1,300 an ounce in the short-term as the metal tracks US real interest rates, according to UBS Group’s wealth management unit.
Copper-Nickel-Aluminium-Zinc Under Short Covering
Gold Silver Reports — Copper MCX is getting support Key 380 and below same could see a test of 377 level, And resistance Key is now likely to be seen at 386, a move above could see prices testing 389.
Copper Crosses INR 380 per kg on Thursday
Gold Silver Reports — The prices of Copper ended at Rs 383.7 per kg, up 1.2%. The prices of Copper tested a high of Rs 384.8 per kg and a low of Rs 380 per kg.
Europeans Paying Least This Year to Buy Gold on Currency Gains
Gold Silver Reports — Europeans are paying the least in six months to buy gold as the euro climbs amid speculation the European Central Bank is poised to withdraw unprecedented monetary stimulus.
Draghi’s Taper Talk Delivers Cheaper Gold for Europeans
Gold Silver Reports — Draghi’s Taper Talk Delivers Cheaper Gold for Europeans — Europeans are paying the least this year to buy gold as the euro climbs to a 13-month high on speculation that Mario Draghi’s European Central Bank is poised to reduce unprecedented monetary stimulus.