Gold Prices Break 2-Day Falling Streak – Gold Silver Reports

Gold Silver Reports (GSR) – Gold prices on Thursday rose by Rs. 150 to Rs. 32,870 per 10 grams on fresh buying from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also gained Rs. 295 to Rs. 38,520 per kg on more offtake by industrial units and coin makers.

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Gold Intraday Trading Zone 31950—32333

Gold Forecast

Gold prices traded in range as the dollar eased on weak U.S. economic data. The US dollar declined as recent strong economic data eased concerns about the global economy, prompting investors to reduce safe-haven positions in the greenback.

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China Is on a Big Gold-Buying Friskines

Gold

Gold Silver Reports – Gold long term central bank buying is expected to boost prices amid continued demand, with Goldman Sachs predicting gold prices will rally from $1,300 to $1,450 an ounce over the next 12 months.

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