LONDON, Sept 12 (Reuters) – Global commodity trading house Gunvor (GGL.UL) is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs, the company told Reuters.
Gold Price Today Down After Rising To Nine-Month Highs – Neal Bhai
Gold price retreated in Indian markets today from nearly nine-month highs amid soft global cues. On MCX gold edged 0.08% lower at ₹49,000 per 10 gram while silver rose 0.18% to ₹66,356 per kg. In the previous session, gold had hit a nine-month high of ₹49,600 per 10 gram but could not sustain at higher levels.
Crude Oil edges up as supplies remain tight with no SPR release
Crude Oil reversed losses to close slightly higher after another day passed without an announcement from the Biden Administration to tap U.S. crude oil reserves.
HCL Tech To Enhance Euroclear’s Digital Landscape
HCL Tech (HCL Technologies Ltd). announced a new multi-year application deal with Euroclear Group to accelerate its tech transformation journey and enhance digital capabilities.
Spot Gold Prices Expected Tests Trendline
Spot Gold: The bulls are pushing towards $1,884 a major resistance where last June’s sell-off started. Strong selling pressure is possible in that supply zone as short-term buyers may take profit and reassess the directional bias.