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Gold Spot Fails to Break Upside Hurdle $1308 Level

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Gold Spot Fails to Break Upside Hurdle $1308 Level

Gold Silver Reports (GSR) – Gold Spot Fails to Break Upside Hurdle $1308 Level – Gold managed to temporarily break above trendline resistance, but with the inability to push above the $1307 mark, there is still a strong chance of near-term downside to build on the weakness seen over the past month.          

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MCX Sees Record Turnover, Volumes in Gold Options

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Gold Up But on Path for Longest Monthly Losing Streak in Two Decades - GSR

Gold Silver Reports (GSR) – MCX Sees Record Turnover, Volumes in Gold Options — Multi Commodity Exchange of India Ltd (MCX) witnessed a record turnover and volume of Rs 2,021 crore and 6443 kilograms (kg) respectively on Tuesday in gold options contract, according to a release issued by the exchange. 

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Gold Prices Kiss Top Rs 32000 Jewellers Buying

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Gold Prices Today Remain Steady but Silver Rates Fall

Gold Silver Reports (GSR) – Gold Prices Kiss Top Rs 32000 Jewellers Buying – Traders said fresh buying by local jewellers and retailers at existing lower levels at the domestic spot market and a firm trend overseas, as political uncertainty in Italy and concerns of a possible China-US trade war spurred safe-haven demand, mainly led to the rebound in gold prices.

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WTI Slip on Threat of OPEC Boost, Funds Quit Crude

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MCX Crude Oil

Gold Silver Reports (GSR) – WTI Slip on Threat of OPEC Boost – Crude Oil Prices finished with a modest loss on Thursday, a day after a big rally, as rising output from the U.S. remained a threat to efforts by other major producers to re-balance the market.      

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