Gold Silver Reports — Gold prices jumps Rs650 on demand push, retake Rs31,000 level — Gold prices on Thursday took strength from a positive trend overseas by surging Rs650 per 10 grams to seize the Rs31,000 level, driven up by fresh local buying. But silver fell sharply by Rs350 to Rs41,500 per kg, mainly due to softening demand by industrial units and coin makers.
Gold Silver Reports — After-hours surges and plunges that have whipsawed gold and silver prices over the past 2 weeks are unnerving traders.
Gold Silver Reports — A hike in taxes on gold sales in India could pressure short-term demand from the world’s No.2 consumer of the metal, the World Gold Council (WGC) said in a report.
Gold Silver Reports — The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on U.S. infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets.
Gold Silver Reports — Gold’s rally is set to endure, with the U.S. presidential election seen as the next big catalyst for prices, according to a producer whose shares have almost doubled this year as financial-market turmoil, slowing growth and Britain’s vote for Brexit pumped up bullion.
Gold Silver Reports — Even Janet Yellen can’t seem to distract the Bullion (Gold) market from this week’s Brexit vote. In congressional testimony, the Fed chair signaled that her optimism in the U.S. economy had softened.
Gold Silver Reports — Gold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam.
Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
Gold Silver Reports → Investors have been pouring into the precious metal in search of a haven as global equity markets tumbled and expectations for increases in U.S. interest rates were reined in.
Neal Bhai Reports ~ Bullion Profit Booking at Higher Levels can be seen later today. Furthermore movement of local currency rupee can give direction in MCX.