Don’t Expect Gold to Go Wild Next Year | Neal Bhai

Gold Silver Reports – Don’t Expect Gold to Go Wild Next Year – Even as the Federal Reserve tightens monetary policy and the European Central Bank tapers bond purchases, gold is set to rise marginally as real interest rates stay low and the dollar weakens, according to Bart Melek, global head of commodity strategy at TD Securities Inc. in Toronto. He sees bullion averaging $1,313 an ounce in 2018, about 4 percent more than the mean so far this year.

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Services PMI Signals Slowdown in Demand

Services PMI

Gold Silver Reports – As the Reserve Bank of India’s monetary policy committee is all set to deliver its verdict onc on Wednesday, the purchasing managers index (PMI) readings for November indicate that the economy is still not out of the woods.

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Gold Prices Rebound on Jewellers’ Buying

Gold Demand on Akshaya Tritiya 2018

Gold Silver Reports – Gold prices recovered by Rs50 to Rs30,250 per 10 grams at the bullion market on Tuesday on mild buying by local jewellers, shrugging off a weak trend overseas. Silver, however, held steady at Rs39,000 per kg in limited deals from industrial units.

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