gold price news today

Gold Demand on Akshaya Tritiya 2018

Gold Demand on Akshaya Tritiya 2018

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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,”

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Thieves Take 12 Kilogram of Gold From South African Mine

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Gold Silver Reports (GSR) – Thieves Take 12 Kilogram of Gold From South African Mine – The robbers accessed “heavily guarded” gold storage facilities in a significant security breach at the mine, situated in South Africa’s North West province, she said. The incident is being investigated.                          

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Gold bulls Remain

Gold Investors Await Fresh Move in US-China Trade Spat

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Gold Silver Reports (GSR) — Gold Investors Await Fresh Move in US-China Trade Spat – Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5% higher. US gold futures were unchanged at $1,335.80 an ounce.           

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Comex Silver Bull Market Coming 2018

Comex Silver Bull Market Coming 2018

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Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators’ silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver bull market, which could erupt anytime.                               

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