Various asset classes give different returns, which is why a portfolio must have an ideal mix on investments. Here are returns across four assets types (returns …
Gold Silver Reports – The Indian rupee opened little changed against the US dollar on Monday as traders avoided taking long positions ahead of the Reserve Bank of India’s monetary policy review.
Trend Down ⇒ Sell Gold MCX Between 29650 – 29750, Stop Loss – 30100 Target – 29100 ↔ 28910
Trend Down ⇒ Sell Silver MCX Between 38850 – 39050, Stop Loss – 39910, Target – 37400 ↔ 36880
“There must have been more buyers than sellers.”
That piece of circular logic is a sort of laconic joke among traders, equivalent to saying: “I have no idea.” Naturally, prices will only rise if the enthusiasm of buyers outweighs the fear of sellers.
Gold Silver Reports – Citi Stays Bullish on Commodities While Warning of Risk in China – Demand gains will be sustained through next year and in 2019, lifted by emerging markets as well as advanced economies, the bank said in a report. While there may be a slowdown in China, the top consumer of metals and energy and grains, stricter environmental standards and pressure to support bank balance sheets by eliminating overcapacity and curbing a glut could lead to tightness in some commodities, according to Citigroup.
Gold Silver Reports – Gold prices tumbled by Rs150 to Rs30,250 per 10 gram at the bullion market on Friday, hit by a subdued trend overseas and falling demand from local jewellers. Silver too faced selling pressure and lost Rs125 to Rs39,200 per kg.