Gold Prices Decline, Silver Rates Slump Amid Muted Demand

This Dhanteras, are You Buying Gold Jewellery, Bonds or ETFs?

Gold Silver Reports (GSR) – In the next three months, gold is expected to be around ₹32,000, said Naveen Mathur, director, commodities and currencies, Anand Rathi Share and Stock Brokers. “The events of the past few months like rupee depreciation have now been taken into account and it will now remain stable at these levels. I don’t think it has too much strength for price moving upwards significantly,” he said.

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धनतेरस से 2 दिन पहले सोना सस्ता हुआ

धनतेरस से 2 दिन पहले सोना सस्ता हुआ – चीन और अमेरिका के बीच चल रहे तनाव के कारण भी सोने के भाव में तेजी है। दूसरी तरफ पूरे विश्व के शेयर बाजारों में करेक्शन हो रहा है। इस कारण भी लोग सोने में निवेश कर रहे हैं। आज सोने …

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All Eyes Are Glued to a Leveraged Gold ETF That’s Trading Its Size in Volume

Gold Silver Reports (GSR) – Wall Street can’t keep its eyes off an exchange-traded fund with leveraged exposure to gold miners that’s already traded more than its size in volume Tuesday.

The Direxion Daily Gold Miners Bull 3X Shares, known by its ticker NUGT, has had more than 80 million shares, worth over $1.8 billion, trade as of 1:19 p.m. in New York. That’s the most volume the $1.2 billion fund has ever seen and 10 times the average daily turnover for the past year.                

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GDX Gold ETF Weathers Stock Market Selloff

Gold Silver Reports – GDX Gold ETF Weathers Stock Market Selloff v- The gold miners’ stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.

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