Gold Silver Reports — Some profit selling emerged in COMEX Gold futures today as two week highs acted as a mild resistance. Gold futures consolidated a little yesterday as poor speculative demand capped the metal.
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PRECIOUS METALS PREVIEW: GOLD CONSOLIDATES AROUND $1230 MARK
Gold Silver Reports — Gold futures consolidated a little yesterday as poor speculative demand capped the metal. Prices have witnessed a sharp recovery from lows near $1200 per ounce and currently linger just under $1230 per ounce, almost unchanged on the day. MCX Gold futures also ended flat around Rs 28500 per 10 grams.
COPPER DOWN, TRADERS EYE ESCONDIDA STRIKE
Gold Silver Reports — COMEX Copper prices slipped around 1% on Monday as worries about demand from top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses. Poor speculative buying at elevated prices also remained a concern.
CRUDE OIL SPECULATIVE LONGS DOWN FOR THIRD STRAIGHT WEEK
Gold Silver Reports — Large speculators and traders continued to cut back on their bullish net positions in the WTI crude oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Which Way Will Gold Go? Nobody’s Quite Certain
Gold Silver Reports — Bullion dealers and analysts are divided over which way gold prices are headed even as the wedding season is due to begin mid-April. While some feel that gold price may drop by more than 3% to `27,800 per 10 gm in the short term if rupee continues to remain strong against the dollar, others feel it may firm up in the coming weeks.
Gold Sees Flat Moves After Latest Rebound
Gold Silver Reports — Gold Sees Flat Moves After Latest Rebound — Gold futures consolidated a little today as poor speculative demand capped the metal. Prices have witnessed a sharp recovery from lows near $1200 per ounce and currently linger just under $1230 per ounce, almost unchanged on the day. MCX Gold futures are also trading flat around Rs 28500 per 10 grams.
Copper Speculative Longs Near Five Month Low
Gold Silver Reports — Copper Speculative Longs Near Five Month Low — Large speculators and traders continued to cut their net positions in the copper futures markets last week for a sixth consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.