Gold Silver Reports – The U.S. central bank slashed rates by 50 basis points, cutting rates outside the normal cycle of meetings for the first time since 2008. Speculation is rife that the European Central Bank will respond to the Fed’s “decisive” interest rate cut with easing of its own.
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MCX Live Commodities Weekly Technical Research Report 10 — 14 February 2020 By Neal Bhai Reports CHARTERED FINANCE ANALYST (CFA) India, New Delhi
Silver Prices Also Advanced Today – One positive case of coronavirus has been detected in New Delhi, and one has been detected in Telangana, the Indian government said in a statement. “Both the patients are stable and being closely monitored,” it added.
Jewellers Association Expected, Gold prices may touch Rs 48,500 by Gudi Padwa or Akshaya Tritiya as the spread of coronavirus affected global economy, Rupee depreciation and easing by central banks.
Happy Holi 2020 India – “Holi is a time to reach out with the colors of joy. It is the time to love and forgive. It is the time expresses the happiness of being loved and to be loved through colors.” – आप सबको मेरी तरफ से ‘हैप्पी होली’। कुछ ऐसे ही प्यार भरे संदेशों के साथ अपने परिवार और दोस्तों को कहिए हैप्पी होली।
As trading days go, Thursday’s session on Wall Street was a terrible, horrible, no good, very bad one.
Spot gold fell 2.9% to close at $1,529.83 an ounce in New York, ending the week with a loss of 8.6%, the most since March 1983. On the Comex in New York, futures had their steepest weekly decline since 2011. In other markets, silver fell into a bear market, joining palladium and platinum as worries over economic fallout from the coronavirus pummel precious metals and other raw materials.