Gold Silver Reports — Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council.
AngloGold, Harmony Deal Is Said to Stall on Mining Charter
Gold Silver Reports — Harmony Gold Mining Co.’s long-running talks to buy AngloGold Ashanti Ltd.’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter.
MCX Crude Oil Trading Zone Between 3030—3300 Level
Gold Silver Reports — Technically now Crude oil is getting support key at 3069 and below same could see a test of 3030 level, And resistance key is now likely to be seen at 3211, a move above could see prices testing 3300.
Zinc MCX Resistance Key at 181 Level
Gold Silver Reports — Technically Zinc market is under fresh buying as market has witnessed gain in open interest by 69.75% to settled at 5393 while prices up 0.95 rupees.
Silver MCX Above 38134 Blast, Target 38820—39100
Gold Silver Reports — Technically MCX Silver market is under short covering as market has witnessed drop in open interest by -0.71% to settled at 17182 while prices up 185 rupees.
Saudi Arabia Maintains Share of Japan’s Oil Imports
Gold Silver Reports — Saudi Arabia accounted for 40% of Japan’s crude oil imports in the first half of 2017, unchanged from the share it enjoyed before OPEC agreed to cut oil production.
Gold Price Attempts Breakout…Yet Caution Warranted
Gold Silver Reports — Since gold’s all-time high of $1,923 per ounce in September 2011, the nearly 6-year decline that this week has brought prices back to $1,270 has been broadly defined by a falling linear trend of selling pressure.