Gold Silver Reports ~ Gold edged lower on Tuesday as the dollar and equity markets rose after data showing China’s weakest economic growth in years fanned stimulus hopes and spurred investors towards riskier assets.
Gold Fix Up on Weak Equities
Gold Silver Reports ~ Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physicaldemand in Asia kept Gold under $1,100 an ounce.
Precious Metal Surged to $3.80 Billion in Dec Month
Gold Silver Reports ~ India’s place in the Gold market is special if you check some facts about gold consumption. The country’s appetite for the yellow metal is something that should be written in golden letters in the annals of the history of gold. The country’s greed for gold is validated by the latest import bill.
India’s imports of the precious metal surged to $3.80 billion in December from $1.36 billion in the yearago period. The imports of gold more than doubled as suggested by the import bill. The increase in imports might be due to the surge in demand observed in December prompted by the gold price slump in 2015.
Indian Rupee Zoom to 2 Month High
Gold Silver Reports ~ A gauge of expected swings in the Indian rupee rose to the highest level since November amid outflows from Indian stocks and bonds.
North Dakota Sour Crude at $1.50 a Barrel
Gold Silver Reports ~ Crude Oil is so plentiful and cheap in the U.S. that at least one buyer says it would pay almost nothing to take a certain type of low-quality crude.
It Feels Like
I can’t tell you what it really is, I can only tell you what it feels like. – Eminem – Neal Bhai Reports
Gold Silver MCX Weekly Trand By Neal Bhai
Gold Silver Reports ~ Gold sideways range of 25680-25780 and Silver can move in range of 33100-33300 in MCX, according to Neal Bhai Reports.