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Gold Silver Reports (GSR) – The yellow metal (Gold) rose to a six-year high of $1,535 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.
Gold prices were stable ahead of a U.S. Federal Reserve meeting later in the week where markets will watch for indications of monetary easing in the world’s largest economy.
Silver on MCX settled down 0.37% at 37862 as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut.
Gold Silver Reports (GSR) – The need to have a diversified foreign currency and asset reserve will keep the Reserve Bank gold deposits glittering, opined economists and industry watchers.
