Gold Silver Reports (GSR) – U.S. gold futures settled up $10.20, or 0.8 percent, at $1,223.60. Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rates were “just below” neutral, soothing investor worries over the pace of rate hikes.
Precious Metals
A metal is deemed to be precious metals if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a “precious metal” can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. precious metals list, precious metals investing, semi-precious metals, precious metals prices, non precious metals, is copper a precious metal, where to find precious metals, precious metals Tips, precious metals Repot.
Precious Metals Precious Metals are rare, naturally occurring metallic elements with high economic value. They are unusual in that they are both industrial elements and investments. Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals. This second use – as investments – makes precious metals the objects of intense speculation in commodity markets. Precious metals traders see these commodities as a form of money that holds its value better than printed paper money. Skeptics, however, argue that precious metals are simply rocks with little utility beyond their limited industrial uses. Ironically, the high premium placed on precious metals by traders makes them too expensive and impractical for most industrial applications. The precious metals with active commodities markets include the following: Gold, Silver, Platinum, Palladium.
Gold Prices Up 1 Percent on Dollar Retreat, Short Covering Rally
Gold Silver Reports (GSR) – Spot gold was up 0.90 percent at $1,212.20 per ounce. This was the metal’s biggest one-day gain in nearly two weeks. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. U.S. gold futures settled up $8.70, or 0.72 percent, at $1,210.10
Silver Weekly Performance Report: Fighting The Bearish Momentum
📌 Silver has a tough year, down 16% YTD.
📌Spec positioning in Comex silver is extremely negative, the CFTC shows.
📌Contrary to gold, silver-ETF investors are value-driven, FastMarkets’ estimates show.
📌I expect silver to win its fight against the present bearish momentum.
📌I propose SLV to take advantage of a potential rally in spot silver prices in Q4 2018.
Gold Prices Rise for 2nd Day on Sustained Buying – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices rose by Rs 110 to Rs 31,510 per 10 gram on Thursday, mainly due to sustained local demand from jewellers and global trend, PTI reported. A depreciating rupee, which today fell to a fresh record low of 72.11 against the dollar, also helped lift gold prices.
Commodity Reports: Base Metals Near Breakout Levels By By Neal Bhai MFA Technical Analyst
Gold Silver Reports (GSR) – Commodity Reports: Base Metals Near Breakout Levels – In base metals, copper rallied to the highest level in more than six weeks on a slightly softer dollar and supply concerns.