Gold Tips Today – Bullion markets continue to march higher as we have seen the metal recovered quite nicely from the $1900 region. With that in mind I think that we continue to see a lot of buying on dips, as a lot of traders will have gotten shaken out but then have come to realize the fact that the market has not crushed the trend, only slowed it down.
Commodities Weekly Technical Research Report 17 Aug To 21 August 2020 – Neal Bhai Reports
Commodities Weekly Technical Research Report 17 Aug To 21 August 2020 – Neal Bhai Reports
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Gold Prices Today Fall for 2nd Day in a Row, Silver Edges Higher
Gold prices in India edged lower today, tracking a drop in global rates. On MCX, October gold futures fell 0.04% to ₹52,207 per 10 gram. Silver futures however edged 0.35% higher to ₹67403 per kg.
Nickel MCX Tips Today – Hit High 1100.30 – Neal Bhai
Nickel MCX Tips Today – Hit High 1100.30 – Nickel (Base Metal) settled down by 1.1% at 1085 as prices remained in range as negotiations of coronavirus relief package were in a stalemate.
Why Central Banks Care About Gold
Max Castelli, head of global strategy at UBS Asset Management’s Global Sovereign Markets team, said: “Increasing exposure of central banks to hold more gold is a long-term trend which started a few years ago. There are multiple drivers supporting this trend and price is certainly one of them.”
Independence Day of India, 15 August 2020: Celebration, Facts, History and Significance
It is the 74th Indian Independence Day this year which means India has achieved 73 years of freedom. We as Indians pay respect to all the leaders who fought bravely for our nation’s freedom in the past.
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.