Gold Silver Reports – Gold Prices is Ready for Bigger Breakout, According to Technical Chart Gold hit 14-month highs last week, U.S.-China trade relations and the U.S. Federal Reserve’s plans for monetary policy ahead of a meeting between the central bank’s leading officials.
SPDR Gold Trust
Gold Comex Holds Steady Above Two-week Low After Fed Minutes
Gold Silver Reports (GSR) – The minutes from U.S. Fed’s last meeting showed policymakers agreed that their current patient approach to setting monetary policy could remain in place “for some time.”
MCX Gold Short Covering Rally, Support Level @ 31460
Gold on MCX live settled up 0.37% @ 31563 after U.S. President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-U.S. trade tensions, which prompted risk-off sentiment and boosted safe-haven assets.
Gold Prices Kiss Near 3-Month Low as Easing Growth Concerns
Gold Silver Reports – Gold prices fell to a near 3-month low on Tuesday as positive economicdata from major economies stoked risk appetite, weakening demand for safe-haven bullion.
Gold Slip to Near 5-Week Low as Dollar Trumps Euro Post ECB
Gold eased on Thursday as the dollar gained versus the euro after the European Central Bank postponed an interest rate hike, wiping out gains for bullion driven by the darkening global economic outlook.
Gold Silver Slip on Muted Spot Demand
Gold Silver Reports (GSR) – Gold prices fell in futures trade on Friday dragged by muted demand at the spot market. Silver also fell on reduced orders from industrial units and coin makers.
Hard Pause Or Full Steam Ahead For Gold?
Gold Silver Reports (GSR ) – “Gold is in a nice uptrend and it looks like we are done with what looked like a fairly natural pullback. One big caveat is that in this run-up, the market has been overbought.