By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
Emerging Markets
Digital Gold Firm Plans Metal Leasing for India’s Jewelers
Digital Gold Firm Plans: After giving Indians the option to buy gold online for as little as 10 rupees (12 cents), digital gold provider SafeGold is planning to let its customers lease their metal to credit-starved small jewelers.
Red Alert – Gold Rocket Above $1,600 as Iran Attacks Spark Flight to Havens
Spot Gold (Bullion) climbed as much as 2.4% to $1,611.42 an ounce, the highest level since 2013, and traded at $1,609.28 at 8:32 a.m. in Singapore.
South African Gold Output Has Longest Losing Streak Since 2009
South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.
US Political & Economic Woes Hurt Dollar Boosting Demand For Gold Prices
Despite majority of geo-political and economical issues being initiated by USA, the US dollar basked in all its glory as a safe haven asset backed by strong fundamentals in form of positive US macro data, multiple fed rate hikes and positive price action in US bond market.
Bad news for SBI customers! SBI halves daily ATM withdrawal on THESE debit cards to Rs 20,000 from 31 October
As per a senior SBI official, the average cash withdrawal from ATMs per card is less than Rs 20,000 and the move will help in checking frauds and promote digital transaction. About a month ago, the State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.
Yesterday, I Told You Buy Silver MCX at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
Yesterday, I Told You Buy Silver at Lower Level, Watch High ₹ 37143 – Neal Bhai Reports
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Silver on MCX settled down 2.05% at 36854 as the dollar hit a more-than-one-week high on the back of intensifying global trade tensions and economic worries in emerging markets.
Yestday Silver MCX Buy Call : Silver MCX Low ₹ 36641, Buy Slowly and Accumulate Every 500 Points – Don’t Panic @ Lower Level – Target 38100——39200 – Neal Bhai Reports