Gold Silver Reports (GSR) – Wondering where gold prices are headed to? In the past many weeks, gold prices have been stuck in a narrow range. In the international market, gold prices have been in the range of $1,290 to $1,350 per ounce since April. Domestic gold prices have also displayed a similar trend. Gold prices in Delhi have been around Rs. 32,000 per 10 grams (24 carat) during this period. Are gold prices expected to break the current trend anytime soon? NDTV here brings to you what experts think about the current trend in gold prices.
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Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Fed, ECB To Define Gold Prices Near Term Target – Analysts
Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.
Commodity Reports: Base Metals Near Breakout Levels By By Neal Bhai MFA Technical Analyst
Gold Silver Reports (GSR) – Commodity Reports: Base Metals Near Breakout Levels – In base metals, copper rallied to the highest level in more than six weeks on a slightly softer dollar and supply concerns.
Gold Market Could be Using the Technology Behind Cryptocurrencies
Gold Silver Reports (GSR) – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.
India Gold Imports Are Said to Have Slumped for Fifth Month
Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.
Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod
Gold Silver Reports (GSR) – Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod — E-commerce major Flipkart has shared some details with the income tax authorities on its $16-billion deal with U.S.-based Walmart, but the Income Tax Department will act only after regulatory approvals have been obtained, an official said.
Gold Rates To Trade Upside Today Commodities Market
Gold Silver Reports (GSR) – Gold Rates To Trade Upside Today Commodities Market – What next? Everyone says the market shouldn’t dictate what the voters do. But yes, Italy will still need to borrow from the market. And meantime no – if Italy wants to shrug off the market and vote for a surge in deficit-spending, the ECB will not step in to save the Eurozone’s third largest economy and its No.1 debtor from having to pay higher rates.