Gold Silver Reports — Global Hints and persistent buying by jewellers at the domestic spot market, gold prices climbed for the sixth straight day on Tuesday, gaining Rs.140 to Rs.29,800 per ten grams in Delhi bullion market.
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Crude Oil Prices Slip, Economic Prospects in Europe and Asia
Gold Silver Reports — Crude Oil prices fell, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.
Gold Slip Near 4-Week High Ahead of Fed Meeting
Gold Silver Reports — Gold inched down on Tuesday but stayed near a four-week high touched in the previous session as investors waited for clues from a two-day U.S. Federal Reserve meeting beginning later in the day and Britain’s June 23 vote on whether to leave the European Union.
Indian Gold Bonds Debut at 11.5% Premium
Gold Silver Reports — India’s sovereign gold bonds debuted in two of the major stock exchanges in the country today. The gold bonds have been listed in BSE and NSE for trading at 11.5% premium to issued price.
Gold Target $1370 Year End, Dutch Bank ABN AMRO
Gold Silver Reports — The big Dutch bank ABN AMRO reiterated its $1370 year-end target for gold, which they originally set last February, after gold’s first move above $1240.
Silver Outperform Gold Again as Trader Demand
Gold Silver Reports — An ounce of gold bought as little as 73.1 ounces of silver on Friday, the smallest ratio in almost a month. Holdings in exchange-traded funds backed by silver are nearing an all-time high. This month, spot silver is up about 8.2 percent, compared with gold’s 4.9 percent increase.
After trailing gold last month, silver is outshining the yellow metal again.
Gold Slip While Silver Weekly Jump
Gold Silver Reports — Gold retreated from a 3-week high as the dollar strengthened after an employment report eased concern that the U.S. labor market was slowing. Silver headed for the biggest weekly advance since April as holdings in exchange-traded funds edged nearer to a record.