Gold Technical Price Outlook : The recent pullback in gold may gather pace in May as the Reserve Bank of Australia (RBA) and Bank of England (BoE) are expected to keep interest rates at a record low, and the wait-and-see approach for monetary policy may dampen the appeal of bullion as governments across the advance economies unveil plans to roll back lockdown laws.
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Gold Spot Rockhard Support Zone $1710—1700 – Neal Bhai Reports
Gold Spot Rockhard Support Zone $1710—1700 – Neal Bhai Reports
From last year’s Akshaya Tritiya, gold prices are now about 43% higher in India. In rupee terms gold is 43% up over Akshaya Tritiya 2019.
Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.
Swiss Gold Exports to U.S. Rocketed Amid Fears of Shortages
Gold in New York vaults to deliver against futures contracts pushed prices on CME Group’s Comex exchange as much as 4% above spot prices in late March. Swiss exports of gold to the U.S surged to 43.2 tonnes in March, 2020.
Zinc Supply Cuts Outstripped By Demand Destruction from Coronavirus
Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.