Yellow Metal Stays Bearish Ahead Of Weekend

March 24, 2017 7:01 PM by Neal Bhai

Gold Prices Climb as Dollar Weakens on EU-US Trade Woes

Gold Silver Reports — Gold continued to slip in afternoon as a firm opening in European equities kept the metal under check. The commodity has extended a drop from about two month highs extended. Traders are eyeing the weekend and taking some money off the table after the sharp array of gains in the metal this week. The counter is quoting at $1248 per ounce, down 0.25% on the day. MCX Gold futures are also down 0.14% at Rs 28760 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.

COPPER LOWER AFTER ESCONDIDA STRIKE GETS RESOLVED

March 24, 2017 4:05 PM by Neal Bhai

Gold Silver Reports — MCX Copper slipped today following resumption of operations at a key global mine. The strike at Chiles Escondida, the worlds largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. The strike halted operations for more than 40 days.

GOLD EASES, SPECULATIVE BUYING IN FOCUS

Last Updated On March 24, 2017 4:00 PM by Neal Bhai

Gold Silver Reports — Gold eased further today as a drop from about two month highs extended. Traders are eying the weekend and taking some money off the table after the sharp array of gains in the metal this week. The counter is quoting at $1242.75 per ounce, down 0.36% on the day. MCX Gold futures are also down 0.20% at Rs 28739 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.

Gold Slips A Little Ahead Of Weekend

Last Updated On April 3, 2026 9:31 PM by Neal Bhai

Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.

US is Swimming in Crude Oil

March 24, 2017 5:58 AM by Neal Bhai

Gold Silver Reports — The United States has got a lot of crude oil on its hands right now. According to data released by the US Energy Information Administration (EIA), stockpiles swelled by a further 4.95 million barrels to 533.1 million barrels.

Gold Six Day Winning Streak Ranks

March 23, 2017 11:45 PM by Neal Bhai

Gold Silver Reorts — Gold prices are steadily climbing as equities retreat and concern deepens among investors that Donald Trump won’t deliver on pro-growth promises for the U.S. economy.

SAFE HAVEN BUYING BOOSTS GOLD NEAR $1252 MARK

Last Updated On December 23, 2021 9:43 PM by Neal Bhai

Gold Silver Reports — Gold MCX edged up near 2017 highs on heightened safe haven buying. A terrorist attack in London made stocks nervous globally yesterday. Around five people, including the assailant, were killed and at least 40 others injured in the attack.