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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Gold CME Made Falling Wedge Pattern Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase; Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Gold CME Made Falling “Wedge Pattern” Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming Soon $1270——$1250——$1224
Gold Prices Maintain Uptrend on Jewellers’ Buying
Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.
Spot Gold Critical Support @$1,300 Level
Gold Silver Reports (GSR) — Spot Gold Critical Support @$1,300 Level — While selling pressure has undoubtedly been a significant component of this recent decline, it is dollar strength that has been the predominant factor taking gold to its current pricing which is at a critical support level. This support level is crucial because of two technical indicators: Fibonacci retracement and the 200-day moving average.
Precious Metals Trader Beats Spoofing Conspiracy Charge
Gold Silver Reports (GSR) – Precious Metals Trader Beats Spoofing Conspiracy Charge — Andre Flotron, 54, was cleared by a federal jury in New Haven, Connecticut, of a single count of conspiracy to engage in commodities fraud. It was the first acquittal in a spoofing-related case since the U.S. outlawed the practice in 2010. He could have faced as long as 25 years in prison if convicted.
Gold Down on Dollar Strength, Easing North Korea Tensions
Gold Silver Reports (GSR) – Gold Down on Dollar Strength, Easing North Korea Tensions — Spot gold was down 0.1 percent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 percent on Tuesday to break a three-session losing streak. U.S. gold futures eased 0.2 percent to $1,330.60 per ounce.
Gold Demand on Akshaya Tritiya 2018
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,”