Gold Silver Reports (GSR) – Those topics can be thought as risky events and in the old days, might have led to flights into the safety of the gold.
That’s not to be, as the precious metal is more focused on the rising dollar instead.
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 Silver Reports (GSR) – Those topics can be thought as risky events and in the old days, might have led to flights into the safety of the gold.
That’s not to be, as the precious metal is more focused on the rising dollar instead.
Gold Silver Reports (GSR) – Precious metals gold and silver were trading mixed in the late morning deals on Monday….. MCX Gold futures were trading 0.05 per cent, or ₹ 14 lower at ₹ 30,418 per 10 grams at 11:20 am (IST), while MCX Silver futures were down 0.40 per cent, or ₹ 156, at ₹ 39,072 per 1 kg at the same time.
Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.
Gold Silver Reports (GSR) – Commodity Reports: Base Metals Near Breakout Levels – In base metals, copper rallied to the highest level in more than six weeks on a slightly softer dollar and supply concerns.
Gold Silver Reports (GSR) – An Ugly Day For Gold Silver — For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.
Gold Silver Reports (GSR) – Spot Gold may Bounce to Resistance at $1,302/oz- Technicals — Gold prices recovered some lost ground on Wednesday on short-covering after prices fell to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar.
Gold Silver Reports (GSR) – Indian Gold prices steady at Rs32,200 per 10 gram in scattered deals on Tuesday even as it weakened overseas. On the other hand, silver prices rose by Rs200 to Rs40,500 per kg on the back of increased offtake by consuming industries.