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.
Gold Testing Critical Support But Analysts Still See Potential Next Week — Kitco News Report
Gold Silver Reports (GSR) – Gold futures are preparing to end the week with heavy losses with August gold last traded at critical support at $1,280.40 an ounce, down 1.71% from last week. The lost comes a day after gold prices rallied to a four-week high. This is gold’s worst week in a month as prices dropped more than 2% the week of May 14.
India’s Forex Reserves Up by $879.5 Million to $413 Billion
Gold Silver Reports (GSR) – India’s Forex Reserves Up by $879.5 Million to $413 Billion — In the previous week, the reserves had declined by $593.7 million to $412.230 billion. The reserves had touched a record high of $426.028 billion in the week to 13 April, 2018. India’s foreign exchange reserves increased by $879.5 million to $413.109 billion in the week to 8 June, helped by rise in foreign currency assets, the Reserve Bank data showed on Friday.
Silver MCX Storng Supports ₹ 40555 Let’s See Kya Hota Hai 42200 or 38200
Silver MCX Storng Supports ₹ 40555 Let’s See Kya Hota Hai 42200 or 38200 “No Magic, No Miracle, Just Power of Level” Neal Bhai Reports (NBR) …
Soccer-Uruguay beat Egypt with 89th-minute Gimenez goal
Gold Silver Reports (GSR) – Jose Gimenez thumped home a powerful 89th-minute header to give Uruguay a dramatic victory over heartbroken Egypt in a World Cup Group A game that had looked likely to be a low-key goalless draw on Friday. Gimenez rose to meet a Carlos Sanchez free kick to take the South Americans to three points alongside Russia, who beat Saudi Arabia 5-0 on Thursday, and break the resistance of Egypt. The Africans had been without injured key striker Mohamed Salah but defended resolutely.
Draghi Ends ECB Bond-Buying Era Saying Economy Can Beat Risk
Gold Silver Reports (GSR) – Draghi Ends ECB Bond-Buying Era Saying Economy Can Beat Risk — Mario Draghi said the euro-area economy is strong enough to overcome increased risk, justifying the European Central Bank’s decision to halt bond purchases and close an extraordinary chapter in the decade-long struggle with financial crises and recession. The euro fell after the central bank also pledged to keep interest rates unchanged at current record lows at least through the summer of 2019, a longer timeframe than investors had priced in. Policy makers will phase out bond purchases by the end of this year in what Draghi described as a unanimous decision.