Gold Silver Reports — Zinc prices are holding steady, continuing to do better than other non-ferrous metals such as copper and aluminium. Sharp tightening in supply appears to be the main reason.
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Gold Hit Biggest Loss in 4 Weeks
Gold Silver Reports — Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied.
Bullion Market Ignores Yellen
Gold Silver Reports — Even Janet Yellen can’t seem to distract the Bullion (Gold) market from this week’s Brexit vote. In congressional testimony, the Fed chair signaled that her optimism in the U.S. economy had softened.
Brexit Impact Gold Report
Gold Silver Reports — Concerns over Britain’s exit from EU are brewing hurting the prospects of gold prompting the yellow metal to decline globally for the third time in four days. Market is weighing on the result of a referendum which decides whether the UK will stay in the European Union or not.
Gold, Silver Jump on jewellers Buying
Gold Silver Reports — Gold and silver firmed up in Delhi bullion market on Tuesday on scattered buying by jewellers at the domestic spot market, even as the precious metals weakened overseas. While gold gained Rs.100 to Rs.29,750 per ten grams, silver rallied by Rs.300 to Rs.41,500 per kg.
China Increased its Reserves of Tungsten
Gold Silver Reports — After a long downtrend, prices of some rare metals have been recovering since the beginning of the year.
The British are staying
Gold Silver Reports — If voters opt to remain in the EU, strategists at Morgan Stanley say the FTSE 100 will rise as much as 14 percent and the Euro Stoxx 50 Index will rally 16 percent. Investors anticipate that the biggest cash pile since 2001 will start flowing back into the region’s stocks.