Gold Silver Reports — Natural gas futures jumped during Wednesday’s session amid bullish technical signals just one day before the U.S. Energy Information Administration is scheduled to release its weekly inventory update.
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US Employment Data Triggers Fresh Slide In Gold
Gold Silver Reports — Gold had maintained a defensive tone in Europe and a much stronger than expected ADP employment release triggered a fresh round of selling pressure as global bond yields moved higher.
New World of Gold Demand
Gold Silver Reports — Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand.
Gold may Fall 3-5% on US Rate Hike Worries
Gold Silver Reports — Gold prices may fall 3-5% in the short term amid expectations that the US Federal Reserve will increase interest rate at the next meeting of the Federal Open Market Committee on March 14-15, bullion traders and analysts said.
Gold Jewellery Exports to UAE Halve So Far This Year
Gold Silver Reports — India’s gold jewellery exports to the UAE have halved in the first two months of 2017 as the country has imposed a 5% import duty on gold jewellery. As a result, jewellers like Malabar Gold & Diamonds, Popley & Sons and others, who have a presence in the UAE, are ramping up their capacities there.
Gold Surpasses Rs30000 Level Again, Silver Above Rs43000
Gold Silver Reports — Gold prices got past the Rs30,000-mark again by climbing Rs375 to Rs30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.
Demand For Gold Silver has Suffered
Gold Silver Reports — Silver imports by India, one of the world’s top buyers, will probably shrink this year to the lowest since 2012 as the government cracks down on black money, farmers struggle for cash and stockpiles remain ample.