Gold Silver Reports (GSR) – Iranians Go for Gold Amid Currency Turmoil, U.S. Tensions — Gold coin and bar demand in the Persian Gulf nation soared to 9.3 tons in the first quarter, a three-year high, on “investor concerns over worsening Iranian-U.S. relations and the prospect of currency controls,” the World Gold Council said Thursday in a report.
gold closing price
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.
Indian Gold Prices Steady, Silver Gains on Increased offtake
Gold Silver Reports (GSR) – Indian Gold prices steady at Rs32,200 per 10 gram in scattered deals on Tuesday even as it weakened overseas. On the other hand, silver prices rose by Rs200 to Rs40,500 per kg on the back of increased offtake by consuming industries.
Gold Prices Down to 6 Week Low on Firm Dollar ahead of US Fed Meet
Gold Silver Reports (GSR) – Gold prices fell to a six-week low on Tuesday as the dollar firmed near three-and-a-half month highs, with investors awaiting direction on US monetary policy from the US Federal Reserve.
State-Run Oil Firms Freeze Petrol, Diesel Prices Ahead Of Karnataka Polls
Gold Silver Reports (GSR) – The seemingly sudden resignation of Aditya Ghosh from India’s largest airline IndiGo was “not so sudden” said the airline’s co-founder Rahul Bhatia. that a few months ago Ghosh had expressed a desire to step down and devote more time to his personal life.
Gold Prices Will Rally Further, Reaching $1,800 Per ounce from just Above $1300
Gold Silver Reports (GSR) – Gold Prices Will Rally Further, Reaching $1,800 Per ounce from just Above $1300 — Egyptian billionaire Naguib Sawiris said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.
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.
Why The Gold, Silver And Commodities Rally Was Crushed
Gold Silver Reports (GSR) – Why The Gold, Silver And Commodities Rally Was Crushed — Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why?
Gold MCX India Under Buying Zone; Support Key @31211—31070
Gold Silver Reports (GSR) – Gold MCX India Under Buying Zone; Support Key @31211—31070 — Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict.
Precious Metals Trader Beats Spoofing Conspiracy Charge
Gold Silver Reports (GSR) – Precious Metals Trader Beats Spoofing Conspiracy Charge — Andre Flotron, 54, was cleared by a federal jury in New Haven, Connecticut, of a single count of conspiracy to engage in commodities fraud. It was the first acquittal in a spoofing-related case since the U.S. outlawed the practice in 2010. He could have faced as long as 25 years in prison if convicted.