Gold Silver Reports (GSR) – Spot gold was up 0.05% at $1,323.66 per ounce at 03.51am GMT (9.21am IST), after falling by as much as 0.9% to $1,318.51 in the previous session, its lowest since 21 March. US gold futures gained 0.1% $1,324.7 an ounce.
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 Trending up, But Still Stalled by Hawkish Fed
Gold Silver Reports (GSR) – Gold trending up, But Still Stalled by Hawkish Fed – Gold has risen more than 3 percent this year, buoyed by international tensions and volatility in equities, but has yet to emerge from a tight trading range in the face of an expectation for rising U.S. interest rates, traders say.
Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
Nothing to See Here as Gold Held in Tightest Range in Four Years
Gold Silver Reports – Nothing to See Here as Gold Held in Tightest Range in Four Years – The biggest news in the gold market is there’s no news.
Hedge Funds Are Losing Faith in Precious Metals
Gold Kiss 1-week High on Weaker Dollar, Rate Hike Prospects
Read Alert: U.S. Ponzi Retirement Market In Big Trouble, Protect With Precious Metals
Gold Silver Reports — The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME.
Gold Slips A Little Ahead Of Weekend
Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.
Gold Witnessing Buying Around $1200 Levels
Gold Silver Reports — Gold is trying to edge up after the recent slide. A near two month low around $1200 per ounce seems to be working for the metal. However, the Fed is in focus and overall sentiments are choppy.
Silver MCX May Witness Fresh Rally above 38710: Neal Bhai
Gold Silver Reports ~ Crude oil prices today moved down at International benchmarks as US crude stockpiles are seen further rising.