Gold fell to its lowest since end-December on Thursday as indications that the global economy might not be as pain-stricken as previously feared prompted investors to take risks ahead of a slew of economic data.
yellow metal
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Spot Gold Needs a Break $1313 For Target $1321—$1330
Gold is reporting moderate gains at press time, possibly tracking the weak tone in the greenback ahead of the Fed.
Gold Prices Slip Over 1,200 Rupees In Five Trading Sessions
Gold prices edged lower by Rs. 20 to Rs. 33,430 per 10 grams on Wednesday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. That marked the fifth straight session of losses.
Financial-Markets, Monetary-Policies, Dollar Levels to Decide Gold Demand: WGC
Since gold is considered a safe haven, during choppy markets, the demand for gold improves, normally. Emerging markets, led by India and China–the biggest consuming markets–make up 70% of consumer demand for the metal.
Gold Prices Have Fallen on Profit Taking
Gold Silver Reports (GSR) – Spot gold fell 0.4 per cent to $US1,254.81 per ounce after hitting its highest since June 26 of $US1,266.40 on Thursday. Gold prices have fallen on profit-taking, a day after bullion touched a near six-month high and the dollar rebounded, but the metal stayed on track for a weekly gain as the appetite for risk waned.
Not by Gold Alone: Top Marketable Metal Commodities for Investing
Gold Silver Reports (GSR) – Along with gold, these are primarily silver and platinum, followed by precious metals used in industrial processes such as iridium, frequently a part of specialty alloys, according to Investopedia, and palladium, frequently used in electronics and chemical processing.
RBI Buys 8.46 Tonne of Gold in FY18, 1st Purchase in 9 Years
Gold Silver Reports (GSR) — The Reserve Bank of India (RBI) Held 566.23 tonne of gold as on 30 June 2018, compared with 557.77 tonne as on 30 June 2017, according to RBI’s latest annual report for 2017-18.
Yellow Metal Crashed 6-Month Low @ $1246
Gold Silver Reports (GSR) – US investors, gold fell $3 from last week’s close at $1252 per ounce, moving closer to the 6-month low at $1246 to which the yellow metal crashed last Thursday….
Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns
Gold Silver Reports (GSR) – Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns – Gold prices posted an outside weekly reversal off resistance off yearly open resistance earlier this month with the subsequent decline now approaching a series of parallels which could offer some near-term support. The region of interest is $1255/60. Keep in mind that weekly momentum has fallen to its lowest levels since January 2017 and further highlights the downside risk for bullion.
Gold Down on Dollar Strength, Easing North Korea Tensions
Gold Silver Reports (GSR) – Gold Down on Dollar Strength, Easing North Korea Tensions — Spot gold was down 0.1 percent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 percent on Tuesday to break a three-session losing streak. U.S. gold futures eased 0.2 percent to $1,330.60 per ounce.