Gold Silver Reports (GSR) – Spot gold may break a support at $1,337 per ounce and fall to the next support at $1,324.
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Silver Rates @ 26-year Low in Relation to Gold, Should Investors Buy?
The silver rates in comparison with the rate of gold is at a 26-year low. The ratio of gold rate to silver rate is currently around 90, the highest after March 1993. A higher ratio indicates that silver is much cheaper than gold. If silver is so cheap relative to gold, should investors consider buying the precious metal?
Gold Prices is Ready for Bigger Breakout, According to Technical Chart – Gold Silver Reports
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.
Silver (XAG/USD) is Currently Trading Around $14.82 Marks – Gold Silver Reports
XAG/USD is currently trading around $14.82 marks. It made intraday high at $14.83 and low at $14.72 levels.
Gold Prices Rose by Rs. 110 to Rs. 33,730 per 10 grams on Monday
Gold Silver Reports (GSR) – Gold prices rose by Rs. 110 to Rs. 33,730 per 10 grams on Monday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Monetary Policy Decisions – Gold Silver Reports (GSR)
The Governing Council of the European Central Bank (ECB) took the following monetary policy decisions:
(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
Crude Oil Inventories and Production Report of EIA
U.S. oil imports have been declining over the past couple of year. Last week, it rose to 7.93 million barrels per day, largely due to higher refinery demand.