Gold Silver Reports (GSR) – Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and Singapore saw demand rise from investors looking to hedge against a global slowdown.
Physical Gold Demand
Asia Gold-India, Singapore Buyers Cash in on Slight Price Correction
Gold Silver Reports (GSR) – Physical gold market demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.
Gold Silver Ready For Big Up Move, Pls Don’t Sell MCX Gold Silver – Neal Bhai Reports
Gold Silver Ready For Fly
Gold has not proven to be a good inflation hedge…[its] correlations with stocks and bonds are unstable…[and Morgan Stanley] no longer views gold as a strategic asset class, as it provides no interest or yield – and in the case of physical gold, there is a cost to store it.”
Gold Prices Slip Today on Weak Demand, Silver Reclaims ₹ 41000 Mark
Gold Silver Reports (GSR) – Gold prices moved down by ₹ 55 to ₹ 31,595 per 10 grams on Tuesday, due to sluggish trend overseas amid slowing demand from local jewellers, reported PTI. Globally, gold prices hit its lowest in more than six months as a sell-off in global risk assets eased. Moreover, the metal remained under pressure from the prospect that rising US interest rates will further support the US dollar.
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.
Physical Gold Kiss Rs 32000 on Jewelers Demand
Gold Silver Reports (GSR) – Physical Gold Kiss Rs 32000 on Jewelers Demand — Traders said increased Physical buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.