Gold Down as Equities Up Ahead of Fed Policy Meeting

Physical Gold Kiss Rs 32000 on Jewelers Demand

Gold Silver Reports (GSR) – Physical Gold Kiss Rs 32000 on Jewelers Demand — Traders said increased Physical buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.              

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Two Gold Bar

An Ugly Day For Gold Silver

Gold Silver Reports (GSR) – An Ugly Day For Gold Silver — For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.

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Spot Gold may Bounce to Resistance

Spot Gold may Bounce to Resistance at $1,302/oz- Technicals

Gold Silver Reports (GSR) – Spot Gold may Bounce to Resistance at $1,302/oz- Technicals — Gold prices recovered some lost ground on Wednesday on short-covering after prices fell to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar.                        

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