Don’t Expect Gold to Go Wild Next Year | Neal Bhai

Gold Silver Reports – Don’t Expect Gold to Go Wild Next Year – Even as the Federal Reserve tightens monetary policy and the European Central Bank tapers bond purchases, gold is set to rise marginally as real interest rates stay low and the dollar weakens, according to Bart Melek, global head of commodity strategy at TD Securities Inc. in Toronto. He sees bullion averaging $1,313 an ounce in 2018, about 4 percent more than the mean so far this year.

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Gold Prices Rebound on Jewellers’ Buying

Gold Demand on Akshaya Tritiya 2018

Gold Silver Reports – Gold prices recovered by Rs50 to Rs30,250 per 10 grams at the bullion market on Tuesday on mild buying by local jewellers, shrugging off a weak trend overseas. Silver, however, held steady at Rs39,000 per kg in limited deals from industrial units.

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Global Gold Prices Firm on Softer Dollar

Gold Silver Reports – Gold prices edged higher on Wednesday as a retreat in the dollar lent support but it remained hemmed within the narrowest monthly range since 2005 as soaring stock markets indicated buoyant appetite for more cyclical assets.

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Gold Prices Edge up on Wedding Season Buying

Gold Demand on Akshaya Tritiya 2018

Gold Silver Reports – Gold prices recovered by Rs20 to Rs30,520 per 10 grams at the bullion market on Wednesday on wedding season demand along with a firm trend overseas. Silver, however, fell further by Rs200 to Rs40,000 per kg due to reduced offtake by industrial units and coin makers.

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