Gold Silver Reports — Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. April gold settled at $1,248.50/oz, up $1.30, or 0.1%, for a weekly gain of 1.5%.
Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.
Gold Silver Reorts — Gold prices are steadily climbing as equities retreat and concern deepens among investors that Donald Trump won’t deliver on pro-growth promises for the U.S. economy.
Gold Silver Reports — Gold MCX edged up near 2017 highs on heightened safe haven buying. A terrorist attack in London made stocks nervous globally yesterday. Around five people, including the assailant, were killed and at least 40 others injured in the attack.
Gold Silver Reports — Bullion dealers and analysts are divided over which way gold prices are headed even as the wedding season is due to begin mid-April. While some feel that gold price may drop by more than 3% to `27,800 per 10 gm in the short term if rupee continues to remain strong against the dollar, others feel it may firm up in the coming weeks.
Gold Silver Reports — MCX Gold settled flat up 0.12% at 31015 traded in the range as investors unwound safe-haven trades in the wake of a failed military coup in Turkey.
Gold Silver Reports — Gold eased below a 3-week high on Wednesday as the dollar regained some ground from the yen and equities climbed higher, but the metal remained a favourite amid uncertainties in the globaleconomy and timing of a US rate hike.