Gold Silver Reports (GSR) – “Gold prices Kiss 3 Month High as Safe-haven buying was also seen because manufacturing data from China and the euro zone were seen as a cause of concern.”
MCX Live Commodities Weekly Recommendation & Technical Research Report 03 — 07 June 2019 – Neal Bhai Reports
MCX Live Commodities Weekly Technical Live Research Report 03 — 07 June 2019 By Neal Bhai Reports (NBR)
Gold ETFs Can Now Also Invest in Derivatives – Gold Silver Reports
Gold Silver Reports (GSR) – The Securities and Exchange Board of India (Sebi), through a circular issued on 21 May, laid down the rules of investing for mutual funds with regard to exchange-traded commodity derivatives (ETCD). The rules apply to gold exchange-traded funds (Gold ETFs) as well.
Bullion Market has Risen by about 1.7% so Far This Month
Bullion Market has risen by about 1.7% so far this month and 1.6% for the week. “People are doing fear trade now and running towards gold,” said Michael Matousek, head trader at U.S. Global Investors. He noted investors were unsure of what Trump planned to do.
US Gold Major Support to be watched -$1290 – Neal Bhai Reports
Gold Silver Reports (GSR) – US Gold Major support to be watched – $1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.