Gold Spot Outlook October 13, 2017

Gold Spot Outlook

Gold Silver Reports – Gold Spot Outlook October 13, 2017 – Gold markets rallied initially during the day on Thursday, reaching towards the $1308 level but finding a significant amount of resistance. We rolled over from there and reach down towards the 24 hour exponential moving average, as the market found buyers near the $1277 level.

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Gold Discount Disappears as Market Turns Positive

Gold

Gold-PRECIOUS METALS — Neal Bhai ReportsGold Silver Reports — Discounts on gold have disappeared as jewellers have started restocking the precious metal a month after introduction of 3% GST on gold, as market sentiment turns positive. A southward price movement of gold due to strengthening of the rupee against the dollar has also helped consumers take interest in the yellow metal.   

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