Gold Silver Reports (GSR ) – “Gold is likely to be quiet for the remainder of the week pending news on the U.S.-China trade talks, and the U.S. government shutdown,” said Bob Haberkorn, senior market strategist at RJO Futures.
Precious Metals
A metal is deemed to be precious metals if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a “precious metal” can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. precious metals list, precious metals investing, semi-precious metals, precious metals prices, non precious metals, is copper a precious metal, where to find precious metals, precious metals Tips, precious metals Repot.
Precious Metals Precious Metals are rare, naturally occurring metallic elements with high economic value. They are unusual in that they are both industrial elements and investments. Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals. This second use – as investments – makes precious metals the objects of intense speculation in commodity markets. Precious metals traders see these commodities as a form of money that holds its value better than printed paper money. Skeptics, however, argue that precious metals are simply rocks with little utility beyond their limited industrial uses. Ironically, the high premium placed on precious metals by traders makes them too expensive and impractical for most industrial applications. The precious metals with active commodities markets include the following: Gold, Silver, Platinum, Palladium.
Gold Prices Hold Firm on Trade, Growth Concerns
Gold Silver Reports (GSR) – FUNDAMENTALS — Scrap gold supplies in India, the world’s second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery.
SPDR Gold Holdings Have Fallen over 1 percent for the Week – Gold Silver Reports
Gold Silver Reports (GSR ) – Spot gold was steady at $1,313.4 per ounce, as of 10 a.m. ET, after hitting its lowest since Jan. 29 at $1,302.11 on Thursday.
SPDR Gold Holdings Fall for Second Session
Gold steadied on Tuesday, holding close to a near one-week low touched in the previous session, as a stronger dollar and renewed interest for riskier assets dampened demand.
Spot Gold Technical Report – Break Support $1280 – Neal Bhai
Gold Silver Reports (GSR) – Also supporting gold was a prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle, analysts said.
Gold Bounces as Mounting Concerns of an Economic Slowdown
Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,282.80 an ounce at 1323 GMT, recovering from a dip on Monday to its lowest since Dec. 28 at $1,276.31. U.S. gold futures were little changed at $1,282.
US President Donald Trump said on Saturday there has Been Progress toward a Trade Deal with China
Gold Silver Reports (GSR ) – Spot gold had risen 0.2 per cent to $1,282.71 per ounce by 0103 GMT, while US gold futures were steady at $1,282.50 per ounce.