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Gold Silver Reports – Silver headed for a fourth straight decline, the longest slump in more than eight months, as Citigroup said investor demand for the …
Gold Silver Reports — Discounts offered by domestic gold dealers on global spot benchmark prices have dropped to $30-40 per troy ounce from about $100 per troy ounce last week with prices of the precious metal falling about 4%.
Gold Silver Reports — MCX Gold settled flat up 0.12% at 31015 traded in the range as investors unwound safe-haven trades in the wake of a failed military coup in Turkey.
Gold Silver Reports — MCX Silver settled down -0.23% at 47167 as risk averse sentiment cooled expectations of easing monetary policies across the globe. Shares edged slightly lower as a downturn in crude oil curbed the enthusiasm from fresh record highs on Wall Street. While Britain’s shock vote to leave the European Union has led players to raise their bullion price forecasts again this year, after the decision shook up financial markets and sparked a rally in the precious metal to 2-year high.
Gold Silver Reports — MCX Copper edged higher on Monday on the back of a weaker dollar but gains were kept in check after lackluster rises in Chinese home prices fuelled worries about demand in the world’s top metals consumer. Data on Monday showed home price rises in China slowed in June for a 2nd straight month, adding to concern over the sustainability of a construction-led economic rebound.
Gold Silver Reports — Global economic and political instability (including geopolitical tension) has prompted investors to resort to safe haven assets in 2016, with bullion being the most preferred investment instrument this year.
Gold Silver Reports — Bitcoin plunged for a fifth day as concern Britain will vote to leave the European Union waned and a hack suffered by another crypto-currency undermined confidence in such digital assets.