Gold Silver Reports – ✅ Cotton prices have jumped 6-7% in a week, as the trade is speculating a big fall in output due to pink bollworm attacks in some states, even though there is little clarity yet on the extent of the damage.
North Korea May Be Preparing a Missile Launch, Kyodo Reports
Gold Silver Reports – ✅ Japan received radio signals suggesting that North Korea may be preparing for a missile launch test, Kyodo News reported, citing multiple government officials.
Rupee Scales New 2-Month High of 64.50
Gold Silver Reports -✅ Rupee Scales New 2-Month High of 64.50 — Showing resistance against early volatility, the rupee on Monday surged by a hefty 20 paise to end at a fresh two-month high of 64.50 even as S&P kept India’s credit rating unchanged. The rupee marked its best closing since September 20. It had tumbled to a low of 64.83 in early trade.
India Growth to Rebound to 8% in FY19, says Goldman
Gold Silver Reports – ✅ India’s economic growth will bounce back to 8% in the next fiscal year as one-time hits due to demonetisation and goods and services tax wear off and benefits due to formalisation of the economy, strong global growth and recapitalisation of public sector banks kick in, US-based investment bank Goldman Sachs (GS) said in its year-end forecast.
Gujarat elections: 8 lakh litres liquor, Rs1.6 crore cash seized so far
Gold Silver Reports – With two weeks to go for Gujarat elections, about 8.77 lakh litres of liquor, Rs1.60 crore in cash and gold and jewellery worth over Rs8 crore have been seized by the election commission-appointed surveillance and expenditure monitoring teams in the state.
Gold Price Forecast Report November 27, 2017, Tech Analysis
Gold Silver Reports — Gold Price Forecast Report November 27, 2017, Tech Analysis – Gold markets went sideways over the course of the session on Friday, which is becoming a familiar theme. However, when you look at the longer-term charts it looks as if we are trying to form some type of base to the market, and that we could eventually go looking towards the $1300 level for a breakout. Move above that level should send this market looking towards the $1325 level next, which has been resistance in the past.
Gold Price Continues to Linger at the Highs
Gold Silver Reports – ✅ Gold Price Continues to Linger at the Highs – Gold prices have been locked in a very tight range since the beginning of Friday and the same has been seen as of today morning as well. This range has been especially tight even by standards of gold prices, which have been ranging between the 1260 and 1290 over the last few weeks.