Gold Silver Reports (GSR) – Spot gold was little changed at $1,209.71 per ounce at 0431 GMT. On Friday, prices fell to their lowest since Oct. 11 at $1,206.13 per ounce. “Higher US interest rates and a stronger dollar are flashing red for gold investors,” said Stephen Innes, APAC trading head at OANDA in Singapore.
Daily Commodity News
Get latest Commodities News,Commodities Market News,News Commodities India,Latest Gold rate in India,gold price in rupees,news on Commodity Market,Silver price charts,Commodity prices and data on Silver,Gold,Crude Oil,MCX India,gold prices,copper and more on Commodity Market India.
Saudi Arabia, Russia Agreed in September to Lift Oil Output, Told US – GSR
US President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the US Congressional elections on 6 November.
Euro Gold Price Jumps 3% – Gold Silver Reports
Gold Silver Reports (GSR) — GOLD PRICES rose against all major currencies but leapt versus the Euro on Tuesday as the coalition government in Italy refused to cut its 2019 budget deficit plans in defiance of senior European Union figures.
BSE Launches Commodity Derivative Contracts in Gold & Silver – Gold Silver Reports
Leading bourse BSE Monday became the first stock exchange in the country to launch the commodity derivative contracts in gold and silver.
Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus
The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.
Gold Prices Edge Higher on Jewellers’ Buying, Silver Rates Fall – Gold Silver Reports (GSR)
Meanwhile, physical gold buying waned in major Asian centres last week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.
Gold Prices to Trade Upside Today: Neal Bhai Reports
Gold MCX Tips and Reports — We expect gold prices to trade higher today despite trade war concerns looming around the corner with Donald Trump likely to impose additional tariffs on Chinese goods.
Gold Jewelers in India are Expecting a Cool Reception in the Short Term
Gold Silver Reports (GSR) – Gold Jewelers in India are Expecting a Cool Reception in the Short Term — Joyalukkas Group has put an initial share sale of its jewelry business on hold and will revisit the proposal after national elections next year, Baby George, chief executive officer of the Kerala-based company, said in an interview Thursday. The fraud claims also have seen banks review funding for the gem and jewelry sector, he said. Gold jewelers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewelers Nirav Modi and Mehul Choksi.