Physical Gold Kiss Rs 32000 on Jewelers Demand

Gold Down as Equities Up Ahead of Fed Policy Meeting

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.              

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Gold Prices Maintain Uptrend on Jewellers’ Buying

Gold Rate Today

Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.   

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Spot Gold Critical Support @$1,300 Level

Gold Silver Reports (GSR) — Spot Gold Critical Support @$1,300 Level — While selling pressure has undoubtedly been a significant component of this recent decline, it is dollar strength that has been the predominant factor taking gold to its current pricing which is at a critical support level. This support level is crucial because of two technical indicators: Fibonacci retracement and the 200-day moving average.

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Silver Finally Confirms Gold’s Rally as Both Metals Post Multi-Month Highs

Silver Finally Confirms Gold's Rally

Gold Silver Reports – In my previous commentaries, I expressed some concern that the lag in the silver price vis-à-vis gold was a slight concern for the nearterm outlook. The path of least resistance for gold and gold mining shares was of course still bullish, but silver’s failure to fully participate in gold’s recent gains was a fly in the ointment.

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Silver Price Forecast January 5, 2018, Technical Analysis

Silver Price Forecast

Gold Silver Reports – ✅ Silver markets initially fell during the trading session on Thursday, but found plenty of support at the $17 level. Because of this, the market bounced back towards the top of the overall consolidate a very that we have been in for the last couple of days, setting up for an interesting Nonfarm Payroll Friday.

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