Trend Sideways ⇒ Sell Gold MCX Between 30320 – 30420, Stop Loss (CBSL) – 30733 Target – 29840 ↔ 29692 ↔ 29544
Trend Sideways ⇒ Sell Silver MCX Between 39450 – 39650, Stop Loss (CBSL) – 40222, Target – 38524 ↔ 38120
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Commodities Weekly Research Report Prediction and Forecast 09-07-18 To 13-07-18
Commodities Weekly Research Report Prediction and Forecast: In this week’s Money Metals Midweek Memo, host Mike Maharrey tackled two major themes: the Federal Reserve’s latest policy pivot and his firsthand look inside the Money Metals Exchange headquarters and depository in Eagle, Idaho.
Monsoon Could Push Gold Price Higher As Rural Demand Picks Up. Where Is Gold Headed To?
Gold Silver Reports (GSR) – Wondering where gold prices are headed to? In the past many weeks, gold prices have been stuck in a narrow range. In the international market, gold prices have been in the range of $1,290 to $1,350 per ounce since April. Domestic gold prices have also displayed a similar trend. Gold prices in Delhi have been around Rs. 32,000 per 10 grams (24 carat) during this period. Are gold prices expected to break the current trend anytime soon? NDTV here brings to you what experts think about the current trend in gold prices.
Gold Market Could be Using the Technology Behind Cryptocurrencies
Gold Silver Reports (GSR) – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.
India Gold Imports Are Said to Have Slumped for Fifth Month
Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.