Gold Silver Reports – Gold Rally has Legs on Voracious China Demand, Bullish options – Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
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MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise
Gold Silver Reports – MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise — Technically Gold market is getting support at 29510 and below same could see a test of 29330 levels and resistance is now likely to be seen at 29720, a move above could see prices testing 29860.
Gold Prices Weaken Marginally on Tepid Demand
Gold Silver Reports – Gold prices softened by Rs15 to Rs29,685 per 10 gram at the bullion market on Friday as demand from local jewellers eased even as the metal strengthened overseas. Silver prices followed suit and declined by Rs60 to Rs38,220 per kg due to reduced offtake by industrial units and coin makers.
Gold Is Winning New Fans
Gold Silver Reports — Gold Is Winning New Fans — After nosing above $1,300, gold is winning new fans as tepid U.S. inflation anchors Federal Reserve policy and President Donald Trump’s growth agenda risks running into the sand.
Why India banned gold imports from South Korea?
Gold Silver Reports — After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country.
Germany Finishes Bringing Gold Reserves Back From France
Gold Silver Reports — Germany’s central bank says it’s completed a plan to repatriate gold reserves it stashed abroad during the Cold War three years ahead of schedule.
India’s Big Bang Tax Reform Roils Gold Demand as Buyers Adjust
Gold Silver Reports — Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council.