Gold Silver Time To Shine As Dollar Loses Its Luster – By Neal Bhai MFA Technical Analyst

Gold Silver Reports (GSR) – Gold Silver Time To Shine As Dollar Loses Its Luster — Turing back to gold, according to some commodity analysts, the precious metal is getting a modest boost from a weaker U.S. dollar as inflation, while ticking higher, does not support aggressive Federal Reserve monetary policy tightening.                      

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Should You Buy Gold Now? Here's What Experts Say

PRECIOUS METALS PREVIEW: GOLD CONSOLIDATES AROUND $1230 MARK

PRECIOUS METALS PREVIEW: GOLD CONSOLIDATES AROUND $1230 MARK

Gold Silver Reports — Gold futures consolidated a little yesterday 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 also ended flat around Rs 28500 per 10 grams.

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Precious Metal Surged to $3.80 Billion in Dec Month

Precious Metal Surged to $3.80 Billion in Dec MonthGold Silver Reports ~ India’s place in the Gold market is special if you check some facts about gold consumption. The country’s appetite for the yellow metal is something that should be written in golden letters in the annals of the history of gold. The country’s greed for gold is validated by the latest import bill.

India’s imports of the precious metal surged to $3.80 billion in December from $1.36 billion in the yearago period. The imports of gold more than doubled as suggested by the import bill. The increase in imports might be due to the surge in demand observed in December prompted by the gold price slump in 2015.

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