The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 48 billion cubic feet for the week ended August 17.
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Gold Spot Update – Keep Eye on $1187 For Next Move??? — Gold Silver Reports
Gold Spot Update – Keep Eye on $1187 level, If Continually Trade above.
We See Target $1194 —— $1204, Just Trade With Level.
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
Gold Prices Rebound Today, Silver Rises – Gold Silver Reports
Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.
Gold prices slump today, silver follows suit – Gold Silver Reports
Gold prices tumbled by ₹ 290 to ₹ 30,340 per 10 grams dragged by weak global trend and falling demand from local jewellers
Gold prices tumbled by Rs 290 to Rs 30,340 per 10 grams on Thursday dragged by weak trend overseas and falling demand from local jewellers, reported PTI. In global markets, gold prices also remained weak but clawed back from a 19-month low. Short-covering and a slight softening of the US dollar, following news that US and China will hold trade talks late this month, helped global prices to pullback slightly after falling to 19-month low. Global gold prices, which have largely been pressured by a strong dollar and rising US interest rates, have shed nearly 10% in 2018.
Gold pares losses from 19-month low as US dollar softens
Spot gold was down 0.2% at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2% to $1,159.96, its lowest since January 2017. US gold futures were down 0.5% at $1,179.5 an ounce.
Threat of Contagion in Emerging Markets Deepens Commodity Risk – Gold Silver Reports
Gold Silver Reports (GSR) — When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The lira plunged to a record low against the dollar this month, taking local stocks and bonds with it. Commodity markets have failed to react, with even gold unmoved by the chaos. Traders are focused more on Iranian sanctions, South American mine strikes and drought damage to crops, all of which point to higher, not lower, raw-material prices.
Gold Prices Fall for Second Day, Silver Plunges – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices edged down Rs 30 to Rs 30,630 per 10 gram on Tuesday, due to weak global cues amid slowing demand from local jewellers, reported PTI. In global markets, gold rates edged up from an 18-month low hit in the previous session as a break below a key psychological level triggered buying interest, while the US dollar pared gains after scaling a 13-month high. In Delhi, gold prices of 99.9% and 99.5% purity fell by Rs 30 each to Rs 30,630 and Rs 30,480 per 10 gram, respectively.