With the recent trade/political headlines renewing risk aversion, Gold prices take a U-turn from a three-month-old ascending support line while taking the bids to $1,489 amid Wednesday’s Asian session.
Neal Bhai
Happy Dhanteras – MCX Gold Low 38215 — Silver Low 46110 Enjoy Gold Profit -316 Points Silver Profit 1000 Points
Dhanteras fails to light up gold demand, sales plummet 40%
Gold Profit — 316 Points
Silver Profit — 1000 Points
New Delhi/Mumbai: Mirroring slowdown in the economy, pre-Diwali Dhanteras sale of gold and silver dipped by as much as 40 per cent as high prices and lower consumer spending hit demand.
Spot Gold Price – Support Between $1487 to $1480 – Gold Silver Reports
Spot Gold Price – Based on this week’s price action and the current price at $1502.60, the direction of the December Comex spot gold on Thursday is likely to be determined by trader reaction to the 50% level at $1492.
Key vote on Brexit deal debate fails in Parliament, EU decides to delay Brexit Until January 31, 2020
The British parliament rejected Prime Minister Boris Johnson’s attempt to fast-track a Brexit law through parliament, making a delay beyond the October 31 exit date almost inevitable, and casting the entire EU divorce into doubt.
Base Metals Market Update: Aluminium, nickel, zinc drift lower in futures trade amid weak demand
Aluminium prices fell 10 paise at Rs 133.90 per kg on Wednesday as participants trimmed their positions amid a weak trend in spot market.