Bullion is best known as a time-honored haven from inflation, but there’s more to its appeal, and plenty of conflicting forces at work that can excite commentators and investors.
RED ALERT – GOLD SPOT BELOW $1970 BIG DOWN SIDE EXPECTED TARGET $1904—$1890 – Neal Bhai Reports
RED ALERT – GOLD SPOT BELOW $1970 BIG DOWN SIDE EXPECTED TARGET $1904—$1890 – Neal Bhai Reports
Gold prices edged lower today in India after posting strong gains in the previous two session. On MCX, August gold futures fell 0.1% to ₹52,540 per 10 gram. Silver futures on MCX advanced 0.18% to ₹65,123 per kg.
Silver Spot Above $23 Target $28 —$32 – Neal Bhai Reports
Multi Commodity Exchange (MCX) silver futures quoted between Rs 64,660 and Rs 65,460 during the session, compared to their previous close of Rs 65,004. At 12:11 pm, MCX silver futures – due for delivery on September 4 – traded stronger by Rs 326 – or 0.50 per cent – at Rs 65,330.
U.S. Mint Has Reduced the Volume of Gold and Silver Coins – GSR
The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production.
Investors Keep Buying Gold, Real Interest Rates Boost Case for Gold
The U.S. dollar’s reign as the world’s reserve currency is coming under threat, as evinced by the recent surge in gold prices, according to Goldman Sachs Group Inc.
MCX Silver Above 64700 Target 67000—72000 – Neal Bhai Reports
Silver yesterday settled up by 0.05% at 61223 on hopes of recovery in industrial demand. Prices also rallied amid safe-haven demand as investors fretted over rising coronavirus cases around the world, disappointing jobless claims data and worsening U.S.-China tensions.
MCX Gold Above 51500 Target 53500—54500 – Neal Bhai Reports
Gold yesterday settled up by 0.66% at 51035 amid an escalation in the U.S.-China spat added further safe-haven fuel to a rally to a peak driven by fears over the economic hit from the coronavirus pandemic.