Trend Up ⇒ Buy Gold MCX Between 29450 – 29550, Stop Loss (CBSL) – 29019 Target – 29860 ↔ 30060 ↔ 30255
Trend Up ⇒ Buy Silver MCX Between 38750 – 38450, Stop Loss – 37910 (CBSL), Target – 39430 ↔ 40440 ↔ 41220
`Disastrous’ Deals Sideline Gold-Mining M&A as Metal Rises
Gold Silver Reports – `Disastrous’ Deals Sideline Gold-Mining M&A as Metal Rises — Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major goldproducers have cut way back on mining deals — even as metal prices posted their biggest rally since 2010.
MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise
Gold Silver Reports – MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise — Technically Gold market is getting support at 29510 and below same could see a test of 29330 levels and resistance is now likely to be seen at 29720, a move above could see prices testing 29860.
The Gold Rally May Have More Room to Run
Gold Silver Reports – The Gold Rally May Have More Room to Run – Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally
Gold Silver Reports – ⭐⭐⭐⭐⭐ Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally – Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlookdemand. Palladium rallied to a new record as all precious metals climbed.