Gold Silver Reports (GSR) – Gold had shed ₹50 to ₹33,170 per 10 gram on Tuesday. Bucking the trend, silver prices however today gained ₹20 to ₹39,120 per kg, tracking higher demand from industrial units and coin makers.
Gold Trader
Gold Breaks a Key Longer Term MA Today, Trades at Lowest Level in a Year
Gold Silver Reports (GSR) – The price of gold took another step lower in trading today, and in the process, moved below the 200 week MA at $1234.36. The current price is trading at $1227.85, down $13 on the day. That is just above the low at $1226.16.
Bad Tariffs Means Good for Gold
Gold Silver Reports (GSR) – Bad Tariffs Means Good for Gold — The US government could slap steep tariffs on imported automobiles – and possibly even ban German luxury vehicles outright, according to a report by German business news magazine WirtschaftsWoche.
Fed Spells Relief for Gold Traders Worried Over Rate-Hike Pace
Gold Silver Reports – Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that quickening economic growth would spur an even faster pace of monetary tightening.