Why Gold Is Less of a Haven These Days
Gold Silver Reports — Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions. Yet the responsiveness of gold, as well as the overall price, appears weaker than would have been expected from historically based models — and for understandable reasons. The precious metal’s status as a haven has been eroded by the influence of unconventional monetary policy and the growth of markets for cryptocurrencies.
Gold Is Winning New Fans
Gold Silver Reports — Gold Is Winning New Fans — After nosing above $1,300, gold is winning new fans as tepid U.S. inflation anchors Federal Reserve policy and President Donald Trump’s growth agenda risks running into the sand.
MCX Gold Under Fresh Buying Strong Support Key 29260
Gold Silver Reports — Technically Gold market is under fresh buying and getting support at 29424 and below same could see a test of 29260 levels, and resistance is now likely to be seen at 29888, a move above could see prices testing 30112.
RBI Sends Second List of 26 Defaulters to Banks
Gold Silver Reports — The Reserve Bank of India (RBI) has sent commercial banks a second list of at least 26 defaulters with which it wants creditors to start the process of debt resolution before initiating bankruptcy proceedings, three bankers aware of the development said.
Start Paying Attention to Gold
Gold Silver Reports — Gold is breaking out, and that’s not necessarily a good thing. The precious metal has tested the $1,300 an ounce level three times since April. On Monday, it burst above what had come to be seen as a pretty strong area of resistance. This appears to be more than a “technical” move. Instead, it smacks of fear in the markets.
Silver MCX Intraday Trading Zone Key 39444—40866
Gold Silver Reports — Technically Silver market is getting support at 39444 and below same could see a test of 39020 levels, and resistance is now likely to be seen at 40200, a move above could see prices testing 40866.
