Gold Silver Reports (GSR) – A Mauritian commodity exchange that plans to start operating in the fourth quarter expects to trade $6.5 billion of gold annually within five years, part of the Indian Ocean island nation’s plan to become a financial gateway to Africa, its chairman said.
cme commodity prices
Paulson Urges Underperforming Gold Miner to Seek a Buyer
Gold Silver Reports (GSR) – Paulson Urges Underperforming Gold Miner to Seek a Buyer — In a letter to the Toronto-based company’s board, Paulson & Co. said directors had “failed to recruit and oversee a management team capable of operating the Detour Lake mine in a manner that delivers returns to shareholders.” The letter, a copy of which was obtained by Bloomberg, was signed by John Paulson and Marcelo Kim, a partner at the firm.
Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns
Gold Silver Reports (GSR) – Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns – Gold prices posted an outside weekly reversal off resistance off yearly open resistance earlier this month with the subsequent decline now approaching a series of parallels which could offer some near-term support. The region of interest is $1255/60. Keep in mind that weekly momentum has fallen to its lowest levels since January 2017 and further highlights the downside risk for bullion.
Gold Testing Critical Support But Analysts Still See Potential Next Week — Kitco News Report
Gold Silver Reports (GSR) – Gold futures are preparing to end the week with heavy losses with August gold last traded at critical support at $1,280.40 an ounce, down 1.71% from last week. The lost comes a day after gold prices rallied to a four-week high. This is gold’s worst week in a month as prices dropped more than 2% the week of May 14.
Gold Spot Update: Above $1297, Buy Buy No Selling @all Hint Call By Commodity Guru Neal Bhai
Gold Spot Update: Above $1297, Buy Buy, No Selling @all Hint Call By Commodity Guru Neal Bhai
Silver Spot If Hold And Close Above $16.88 We See Only Blast Blast $17.10 — $17.35
