India Gold Imports Are Said to Have Slumped for Fifth Month

Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.

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Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar

Gold Spot May Hit $1400 in '2019 on `Powerful Fuel' of Weak Dollar

Gold Silver Reports (GSR) – Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar — The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That’s a level last seen in 2013.

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Should You Buy Gold Now? Here’s What Experts Say

Should You Buy Gold Now? Here's What Experts Say

Gold Silver Reports (GSR) – Should You Buy Gold Now? Here’s What Experts Say — Several factors could limit gold’s upside potential for now. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,”          

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