Gold Prices Tracking US yields, Eyes Turn to Nonfarm Payrolls Data

Nonfarm Payrolls Report Cancelled Amid Ongoing U.S. Govt Shutdown

Gold Silver Reports (GSR) – Gold prices were ranging between $1410.36 and $1421.67 on Thursday throughout the European and lack of a US session. The yellow metals moved over to the early Asian closing session at 41415, -0.28% on the day. This followed Wednesday’s futures settlement of $1,420.90 which was the highest finish for a most-active contract since May 2013.

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Gold Spot Update – Below $1424 Level Only Sell Big Down Side Expected

Gold Spot Update – Below $1424 Level Only Sell Big Down Side Expected

Safe havens shined brightly Tuesday “as global slowdown worries are growing,” said Edward Moya, senior market analyst at Oanda.”The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon.”

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Gold Prices Today Fell Sharply in India – Gold Silver Reports

Spot Gold Price today

Gold Silver Reports (GSR) – Gold prices today fell sharply in India, mirroring a big decline in global prices. On MCX, gold futures for August delivery fell below the ₹34,000 per 10 gram, when they declined 1.2% to ₹33,810. The October gold contracts on MCX also fell sharply but managed to hold on to ₹34,000 level.

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