Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.
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Crude Oil at $100 Is a Possibility Next Coming Year, Bank of America Says
Gold Silver Reports (GSR) – Crude Oil at $100 Is a Possibility Next Coming Year, Bank of America Says – Crude Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America Corp.
Crude Made Double Top $70.60 Cross or Close Above Ready For Big ThunderStorm
Crude Made Double Top $70.60 Cross or Close Above Ready For Big ThunderStorm, Will It Cross or 1st Take Resistance or Melt Down And WTI rises …
Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter
Gold Silver Reports (GSR) – Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter — Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.
Spot Gold Critical Support @$1,300 Level
Gold Silver Reports (GSR) — Spot Gold Critical Support @$1,300 Level — While selling pressure has undoubtedly been a significant component of this recent decline, it is dollar strength that has been the predominant factor taking gold to its current pricing which is at a critical support level. This support level is crucial because of two technical indicators: Fibonacci retracement and the 200-day moving average.