Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.
Gold Market
Gold Inching Higher on Minor Short—Covering, Bargain Hunting and Capital Flight Problems in India
Gold Silver Reports (GSR) – Gold inching higher on minor short-covering, bargain hunting and capital flight problems in India — Gold inched back toward the $1300 level in early U.S. trading today – up $2.00 at $1299. Silver is up 17¢ at $16.68. The timing on the upticks, coincident the last few days with the COMEX open, gives the appearance of some minor short-covering, but it remains to be seen if it indicates a more conclusive turn among the big speculators.
Gold Market Could be Using the Technology Behind Cryptocurrencies
Gold Silver Reports (GSR) – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.
Physical Gold Market Prices Rise By Rs100 on Increased Jewellers Buying – Gold Silver Reports INDIA
Gold Silver Reports – Physical Gold Market Prices Rise By Rs100 on Increased Jewellers Buying — Gold prices rose by another Rs100 to Rs31,580 per 10 gram at Delhi bullion-market on Saturday on persistent buying by local jewellers despite negative global leads.
Sleepy Gold Market Is Woken Up by Flurry of Trades
Gold Silver Reports – ✅ Sleepy Gold Market Is Woken Up by Flurry of Trades — On a day when blizzard warnings blanketed the U.S. east coast, gold trading in New York got off to a stormy start.
How London’s Gold Market, the World’s Largest, Evolved
Gold Silver Reports — After a three-decade hiatus, gold-futures trading is returning to London. It’s the latest change for the city’s bullion market, the world’s biggest for over-the-counter trading, and which until fairly recently had remained largely unchanged for about a century.
Gold Market As The Farmers Would Produce Less Output
Gold Silver Reports ~ As the winter is unlikely to bring bright prospects for India’s rabi crops, it will dent the rural demand for gold also in this wedding season. Experts expect 10-15% dip in country’s gold purchaes this year as farmers are likely to reduce gold buying on account of poor kharif crops, the expected down in rabicrops and low commodity~prices.