Gold Silver Reports — Technically Copper market is getting support key at 362 and below same could see a test of 358 level, And resistance key is now likely to be seen at 372, a move above could see prices testing 378.
Gold Silver Reports — Technically Zinc market is under short covering as market has witnessed drop in open interest by 15.1% to settled at 4626 while prices up 1.6 rupees.
Gold Silver Reports — India, which vies with China as the world’s top gold consumer, saw a fourfold increase in imports of the precious metal in May as traders stocked up fearing that the government would fix a higher rate for jewelry under a new national goods tax to be implemented from next month.
Gold Silver Reports — America Health-Care Crisis Is a Gold Mine for Crowdfunding — Crowdfunding platforms such as GoFundMe and YouCaring have turned sympathy for Americans drowning in medical expenses into a cottage industry. Now Republican efforts in Congress to repeal and replace Obamacare could swell the ranks of the uninsured and spur the business of helping people raise donations online to pay for health care.
Gold Silver Reports — China, the world’s biggest gold market, may boost imports through Hong Kong by about half this year as local investors seek to protect their wealth from currency risks, a slowing property market and volatile stocks, according to the Chinese Gold & Silver Exchange Society. Gold Silver Reports — Shares of jewelers climbed in India after the government set the rate for gold under the uniform goods and services tax below expectations, signaling a potential recovery in demand in the world’s second-largest market.
Gold Silver Reports — Gold is breaking out of a 6-year slump as investors search for safe havens during a period of global upheaval and bets that historically low U.S. interest rates will endure.