Precious Metals: Near Term Correction Due

Silver Price Forecast: Technical Set-up Favors Bearish Traders

Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.

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Spot Gold Hold Near $1,428, Waiting FOMC & US-China Trade Talks

Gold Silver Reports (GSR) – The precious metal failed to build on its modest uptick witnessed over the past two trading session and was now being weighed down by a combination of negative factors – including the prevalent bullish sentiment surrounding the US Dollar and improving global risk sentiment.

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India would Sell $10 Billion of Sovereign Bonds in Overseas Markets

One of the early bouncers she faced was hooked for six, when she announced that India would sell $10 billion of sovereign bonds in overseas markets. Whack! In one stroke, she moved the foreign currency risk on to her fiscal accounts, spread joy in domestic bond markets, and heralded lower local interest rates.

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