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 ~ Jeera NCDEX continue to fall down last week due to limited demand for the old season crop. Moreover, good weather in sowing states, sufficient carryover stocks with local traders and weak export demand at higher levels also weighs on price. Jeera Mar’16 contract fall 1.5 per cent to close at Rs. 13,395 per quintal.
Gold Silver Reports ~ NG Prices today moved down after showing some meager gains yesterday. Today, DoE data is scheduled,
Gold Silver Reports — Gold initially hit the target 1116/18 & topped exactly here as expected, dipping to the first support at 1107/1109 & bottomed exactly here.
Gold Silver Reports ~ Have we reached peak precious metals? Many analysts think so.
Gold Silver Reports ~ The government will pay banks a 2.5 percent commission to unlock the country’s massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers.