Gold Silver Reports ~ Aluminium settled up 0.38% at 104.45 as a weaker dollar sparked investor demand for the industrial metal and drove bearish traders out of the market.
Financial speculators in metal such as hedge funds have been strongly bearish on the market since early November, amid signs of weakening economic growth around the world. Some of the market’s gains in recent days likely have been fueled by traders closing out short positions that profit from falling prices as the market has rallied against them.
Gold Silver Reports ~ Gold Silver and Metals may perform on a positive note with promises of price rise in 2016, according to the London Bullion Market Association(LBMA) survey.
Gold Silver Reports ~ Gold was trading near its highest since October on Friday, on track for its strongest weekly gain in a month as the dollar was pressured by growing doubts the Federal Reserve can stick to its interestrate hike campaign.
Gold Silver Reports ~ Did anyone expect Indians will shun their greed for Gold for the benefit of the country when Prime Minister Narendra Modi launched the India’s Gold Monetisation Scheme (GMS).
Gold Silver Reports ~ The London Bullion Market Association foresees precious metal prices increasing in 2016. The LBMA Forecast Survey predicts that Gold Levels to Average $1,105 in 2016
Gold Silver Reports ~ Gold Kiss 3 Month High, building on the previous day’s gains to strike a 3 month high as global economic and financial headwinds present obstacles to a U.S. interest rate rise in the near term.