Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.
Live Commodity News
Gold Demand Supported as Central Banks Sour on Dollar Denominated Debt
Foreign governments have begun reallocating at least part of their holdings to gold an old market stalwart that once underpinned the global monetary system, but fell out of favor when governments embraced deficit spending and paper money untethered from bullion.
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Silver Demand in India Set for 4-Year High on Farm Cash Payout
Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the general election, according to Metals Focus Ltd.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.