Gold Silver Reports – Germany Brings Home its Gold – Germany’s central bank is bringing home gold reserves stored in places like New York and Paris faster than planned, as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a sluggish economy. David Pollard reports.
Gold Prices Little Changed as Dollar Gains Versus Euro on ECB Policy
Gold Silver Reports – Gold prices drifted in a narrow range on Friday after hitting a near three-week low in early trade as the dollar gained against the euro after the European Central Bank (ECB) extended its bond buying programme.
Rupee Opens Lower Against US Dollar
Gold Silver Reports – The Indian rupee on Friday weakened against the US dollar, tracking losses in its Asian peers.
Stock Gains Extend to Asia on Profit, U.S. Tax: Markets Wrap
Gold Silver Reports – Stock Gains Extend to Asia on Profit, U.S. Tax: Markets Wrap – Asian stocks followed gains in U.S. equities as earnings and congressional action on tax reform boosted confidence in the growth outlook.
Nifty Faces Resistance at 10,400
Gold Silver Reports – Nifty Faces Resistance at 10,400 – The Nifty50 on Thursday continued to form higher highs and higher lows and settled the October series futures & options contracts at a fresh closing high of 10,343. The index made a Strong Bullish Candle on the daily chart and was on the verge of hitting the overbought territory as suggested by its 12-day relative strength index (RSI).
Global Gold Prices Steady on Weaker Dollar
Gold Silver Reports – Gold prices steadied on Thursday as global equities fell and the US dollar held near a week low versus the euro before a European Central Bank (ECB) meeting, though risks for gold prevailed in the absence of any hawkish surprises from the ECB.
Crude Oil Price Report October 26, 2017
Gold Silver Reports – The WTI Crude Oil market broke down significantly during the day on Wednesday, testing the $52.50 level IV resistance, and then rolling over. This is also in reaction to a larger than anticipated inventory build, as it shows we continue to struggle to burn off the massive oversupply of crude. I think if we can break down below the $51.50 level, the market could drop significantly.