Gold Silver Reports → Investors have been pouring into the precious metal in search of a haven as global equity markets tumbled and expectations for increases in U.S. interest rates were reined in.
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Bullion is Seen Dropping to $1000 in 12 Months, Bank Says
Gold Silver Reports → Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day.
Jeera Ready for Fresh Buying, Open interest 10.90%
Gold Silver Reports → Jeera settled up by 3.69% at 15020 on rising demand from stockists and traders at the spot market. Though, Good weather conditions for cumin crop in Gujarat and limited export demand, capped some gains. Jeera supply reported lower in the Unjha spot market as new arrivals started lower quantity. Sources revealed that, Jeera sowing is delayed by 20 – 25 days in Gujarat as a result new Jeera crop arrivals will delay compared to normal arrivals time.
Biggest Asia’s Aerospace Exhibition Start
Gold Silver Reports → Asia’s biggest aerospace exhibition, the Singapore Airshow, opened at the Changi Exhibition Center on Tuesday for a six-day run through Sunday.
European Stocks Rebound 3 pct, Dragging Gold Lower
Gold Silver Reports → Gold fell more than 2 percent on Monday as a rebound in stock markets pointed to a sharper appetite for risk, pulling down prices further from last week’s one-year high.
Gold MCX Trading Range 28800-29700
Gold Silver Reports → Gold settled down -1.36% at 29386 on profit booking after European banking stocks recovered, inspiring a rally among global equities.
Copper and Nickel surged, China Markets Reopened after Long Holiday
Gold Silver Reports → London copper and nickel surged on Monday, after China markets reopened following a week-long holiday and investors stocked up on the most heavily sold down metals.