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NCDEX Jeera Positive, Support at 14760 Levels
Gold Silver Reports ~ Gold was holding near 8~month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy.
Gold Silver Reports ~ Jeera NCDEX continue to fall down last week due to limited demand for the old season crop. Moreover, good weather in sowing states, sufficient carryover stocks with local traders and weak export demand at higher levels also weighs on price. Jeera Mar’16 contract fall 1.5 per cent to close at Rs. 13,395 per quintal.
Gold Silver Reports ~ Gold Done 3 month high levels on Wednesday as the dollar slip versus the euro and European shares fell sharply, prompting investors to seek shelter in assets perceived as safer.
Gold Silver Reports ⇒ Demand from Asia and further contraction in global mine production will prompt gradual recovery of gold prices in 2016, especially in the second half, according to Thomson Reuters GFMS survey. “We expect a slow recovery in 2016 in dollar terms, with the gold price trading above $1,200/oz towards year-end, and averaging $1,164/oz.”
Gold Silver Reports ~ Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
Gold Silver Reports ~ Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physicaldemand in Asia kept Gold under $1,100 an ounce.