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Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
MCX Gold Above 33200 Ultimate Target 34070—34333, With in 10 To 15 Days
Neal Bhai Reports (NBR) – Gold on MCX settled up 0.67% at 33608 as the dollar weakened on hopes the United States and China are nearing a trade deal.
Gold @ Two Week High on Trade Deal Hopes
Gold Silver Reports (GSR) – Spot gold had gained 0.1 percent to $1,322.41 per ounce as of 0747 GMT. The metal touched $1,325.30 earlier, just below a 9-month peak of $1,326.30 an ounce marked on Jan. 31.
Crude Oil Kiss 3 Month High on OPEC Cuts
Gold Silver Reports (GSR) – Crude Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela.
Gold Imports Down 5% During April-January to $26.93 Billion
Gold Imports Down 5% During April-January to $26.93 Billion – In volume terms, the country’s total gold imports increased by 22.43% to 955.16 tonnes in 2017-18. It stood at 780.14 tonnes in 2016-17.
Gold Yellow Metal Bulls Good Upside Momentum
Gold futures prices ended the U.S. day session with solid gains Friday, hit a two-week high and closed at a technically bullish weekly high close.