Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by 8.93% to settled at 3091 while prices down 145 rupees.
Gold Report
Gold MCX Short Covering; Resistance Zone at 28954
Gold Silver Reports — Technically gold market is under short covering as market has witnessed drop in open interest by 4.99% to settled at 3999.
Gold Futures Edges Higher
Gold Silver Reports — Gold Futures Edges Higher — Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. April gold settled at $1,248.50/oz, up $1.30, or 0.1%, for a weekly gain of 1.5%.
GOLD FUTURES EDGES HIGHER
Gold Silver Reports — Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. April gold settled at $1,248.50/oz, up $1.30, or 0.1%, for a weekly gain of 1.5%.
SAFE HAVEN BUYING BOOSTS GOLD NEAR $1252 MARK
Gold Silver Reports — Gold MCX edged up near 2017 highs on heightened safe haven buying. A terrorist attack in London made stocks nervous globally yesterday. Around five people, including the assailant, were killed and at least 40 others injured in the attack.
Gold Sees Flat Moves After Latest Rebound
Gold Silver Reports — Gold Sees Flat Moves After Latest Rebound — Gold futures consolidated a little today as poor speculative demand capped the metal. Prices have witnessed a sharp recovery from lows near $1200 per ounce and currently linger just under $1230 per ounce, almost unchanged on the day. MCX Gold futures are also trading flat around Rs 28500 per 10 grams.
Gold MCX Expected Next Trading Zone 28900-29200
Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -2.48% to settled at 6130 while prices down 150 rupees.
Brexit Impact Gold Report
Gold Silver Reports — Concerns over Britain’s exit from EU are brewing hurting the prospects of gold prompting the yellow metal to decline globally for the third time in four days. Market is weighing on the result of a referendum which decides whether the UK will stay in the European Union or not.