Gold Silver Reports ~ Gold futures steadied below the prior session’s 13-month peak on Monday, as traders awaited comments from a pair of Federal Reserve officials later in the session for further clues on the path of future rate hikes. Â
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Hedge Funds Cut Bullish Bets in COMEX Gold
Gold Silver Reports ~ Gold steadied below last week’s 13-month high on Monday, its recent rally doused by robust U.S. employment data that underpinned expectations that the Federal Reserve could raise interest rates this year.
ABS; Silver Sensitive to Shifts in industrial Demand
Gold Silver Reports – Movements in China industries are likely to drive global silver prices, according to Allocated Bullion Solutions(ABS).
Gold MCX Holds Near 13 Month High
Gold Silver Reports – Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks.
Natural Gas MCX Range 107 to 117
Gold Silver Reports – Natural gas on MCX settled down -3.12% at 111 as warmer temperatures in the Northeast and Midwest last week cut demand for natural gas sharply.
CEO Expects Gold Trade $1000-$1400/oz For Next 5 Years
Gold Silver Reports – The head of Randgold Resources Ltd. says the rebound in bullion prices this year could be doing more harm than good for the companies that produce the precious metal.
WTI Crudeoil Prices Traded Higher By 0.8 Percent
Gold Silver Reports – WTI oil prices traded higher by 0.8 percent to close at $34.7 per barrel on Wednesday as Reuters reported that Saudi Arabia had reached out to banks to raise the possibility of arranging a loan for the country, a potential sign that continued low oil prices are weighing on its finances.