Gold Silver Reports – Crude Eases Losses as Industry Sees Surprise Stockpile Decline — Crude Oil pared losses after an industry report was said to show an unexpected decline in U.S. crude stockpiles.
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Gold Steadies Near 6-Month High as Other Markets Flash Red
Gold Silver Reports – Gold Steadies Near 6-Month High as Other Markets Flash Red – As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven.
Gold Jewelry Demand Seen at 20-Year Low in United Arab Emirates
Gold Silver Reports – Gold Jewelry Demand Seen at 20-Year Low in United Arab Emirates – Gold jewelry demand in the United Arab Emirates sank to a 20-year low last year, thefourth consecutive annual decline, the World Gold Council said.
MCX Silver Support Level 38353, Buy on Dips Target 39444—40125
Gold Silver Reports – MCX Silver Support Level 38353, Buy on Dips Target 39444—40125 — Technically Silver market is under long liquidation as market has witnessed drop in open interest by 0.27% to settled at 18729 while prices down 98 rupees.
India’s Gold Demand up 9% to 727 Tonnes in 2017, says WGC Report
Gold Silver Reports – India’s gold demand grew by 9.1% to 727 tonnes in 2017 due to low prices coinciding with Dhanteras, positive economic backdrop and improved consumer sentiment especially in rural areas, according to a World Gold Council (WGC) report.
Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses
Gold Silver Reports – Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses — In a major shift in strategy, downstream copper producers (manufacturers of wires, cables, pipes and tubes, etc.) have started fixing their product prices on provisional basis, a practice similar to primary metal producers.
Gold Prices Edge up on Global Cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Edge up on Global Cues, Jewellers’ Buying — Gold prices edged higher by Rs20 to Rs31,270 per 10 grams at the bullion market on Monday, backed by a firm trend overseas and fresh buying by local jewellers. However, silver prices dropped further by Rs300 to Rs39,500 per kg due to reduced offtake by industrial units and coin makers.