Global Gold Prices Steady on Weaker Dollar

Gold Silver Reports – Gold prices steadied on Thursday as global equities fell and the US dollar held near a week low versus the euro before a European Central Bank (ECB) meeting, though risks for gold prevailed in the absence of any hawkish surprises from the ECB.

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Dhanteras Gold Sales Fall 30%

Gold Silver Reports – Gold demand remained subdued this Dhanteras, with overall sales falling by 30% compared with the 2016 festival season, but consumer purchases were higher than those recorded during Navratri and Dussehra late last month.

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Gold Prices Crawl up as US Dollar Retreats

Gold Silver Reports – Gold prices rose on Wednesday after hitting a seven-week low in the previous session, buoyed as the dollar pulled back from a one-and-a-half-month high against a basket of currencies.

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Gold Testing Critical Breakout Level

Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.

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