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,”
Gold Demand
Gold Prices surge Rs350 on Global Cues, High Demand; Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices climbed by Rs350 to Rs 32,475 per 10 gram at the bullion market on Friday, extending its rising streak for the fourth straight day largely on firming trend overseas amid persistent buying by local jewellers.
Silver Prices are Forecast to Ease Slightly on Moderating Industrial Demand
Gold Silver Reports (GSR) – Silver prices are forecast to ease slightly on moderating industrial demand,” the report said. “More than half of silver consumption goes to industrial use. Demand from the photovoltaic and electronic sectors remains strong, but is being eroded by substitution and more efficient production techniques that use less silver.”
Gold Demand on Akshaya Tritiya 2018
Gold Silver Reports (GSR) — Gold Demand on Akshaya Tritiya 2018 — First off, “investing in gold is not the same as buying gold for consumption. If you plan to buy gold for your daughter’s wedding or to gift your wife, that shouldn’t be counted as investment. Jewelry has emotional value and people generally don’t wish to sell it except in times of extreme financial distress. In addition, making charges during purchase and breaking charges during sale make jewelry unattractive as a form of investment,”
Demand for Gold Jewelry in the United Arab Emirates Plummeted
Gold Silver Reports (GSR) – Demand for Gold Jewelry in the United Arab Emirates Plummeted — Wholesale gold jewelry sales in Dubai, sometimes known as the City of Gold, fell 50 to 60 percent in the first quarter from a year earlier after VAT began on Jan. 1, according to Chandu Siroya, vice chairman of the industry association Dubai Gold & Jewellery Group. Dubai’s historic souk marketplace of mostly jewelry traders even has space available for the first time in years, he said.
Gold Prices up on Jewellers’ Buying, Global Cues – Goldman Neal Bhai Reports
Gold Silver Reports – Gold Prices up on Jewellers’ Buying, Global Cues – Gold prices rose by Rs50 to Rs31,300 per 10 gram on Tuesday on steady buying by local jewellers and positive global cues. Silver prices too gained Rs50 to Rs39,250 per kg due to increased offtake by industrial units and coin makers.
Global Gold Price Gain on Weaker Dollar ahead of US Inflation Data — Goldman Neal Bhai Reports
Gold Silver Reports – Global Gold Price Gain on Weaker Dollar ahead of US Inflation Data – Gold prices hit a near one-week high on Tuesday, helped by a weaker dollar and as investors awaited US inflation data for clues on the pace of interest rate hikes.