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Showing posts with the label Gold Prices

Gold climbs quietly as investors wary ahead of French vote

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Gold costs rose reasonably on Friday as buyers awaited the primary-round of vote casting within the presidential French election on the weekend and imaginable bulletins about tax adjustments in the U.S.. Gold prices rose rather on Friday as investors awaited the first-spherical of vote casting in the presidential French election on the weekend and imaginable bulletins about tax adjustments in the U.S.. Spot gold was up zero.three p.c at $1,284.sixty two an oz. by 2:30 p.m. EDT (1830 GMT), on course to shut the week little changed after 5 straight weeks greater. U.S. gold futures settled up 0.four p.c at $1,289.10. “the big information over the weekend would be the French election and the market will likely be to an extent on cling beforehand of that,” said Mitsubishi commodities analyst Jonathan Butler. There used to be attainable for safe-haven buying of gold after France said safety forces were fully mobilized for the weekend vote after an Islamist militant killed a policem...

Firm dollar puts dent into rise of gold

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Johannesburg - Gold prices fell on Monday on a company greenback and as buyers booked profits after bullion recorded its best quarter in a yr on Friday. Spot gold edged lower by way of zero.2 % to $1246.eighty four (R16 705.eighty) per ounce at 9.30am in the big apple, while US gold futures slipped 0.2 % to $1248.9. The buck index reinforced 0.15 percent against a basket of main currencies, pulling away from four-month lows plumbed closing week. “Gold is stuck between $1238 to $1260 with the danger to skewed to downside in response to rising anticipated interest rates and failure to interrupt greater which has left it liable to revenue-taking within the brief term,” mentioned Ole Hansen, the head of commodity technique at Saxo bank. A Federal Reserve professional stated on Friday that the Fed may pause rate of interest hikes when it starts offevolved shedding its bond holdings, a transfer that might merit gold. Gold is extremely exposed to interest rates as they raise...

कमोडिटी बाजार में आज क्या हो रणनीति!

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कल 5 फीसदी की भारी गिरावट के बाद कच्चे तेल में आज रिकवरी लौटी है और ब्रेंट का दाम करीब 1 फीसदी सुधर गया है। हालांकि बढ़त के बावजूद नायमैक्स पर क्रूड 51 डॉलर के नीचे है। दरअसल डॉलर में बढ़त और अमेरिका में कच्चे तेल का भंडार बढ़ने से इसकी कीमतों पर दबाव बढ़ गया था। फिलहाल ये 3 महीने के निचले स्तर के पास है। डॉलर में बढ़त का असर सोने पर भी दिखा है और ग्लोबल मार्केट में सोना करीब 1.5 महीने के निचले स्तर पर आ गया है। फिलहाल इसमें 1205 डॉलर के आसपास कारोबार हो रहा है। चांदी का भाव भी काफी ज्यादा टूट चुका है। दरअसल कल अमेरिका में नॉन फार्म पेरोल डाटा जारी होगा। माना जा रहा है कि अगर डाटा अच्छा रहा तो यूएस फेड इस महीने ब्याज दरें बढ़ा सकता है। घरेलू बाजार की बात करें तो एमसीएक्स पर कच्चा तेल 1.1 फीसदी की कमजोरी के साथ 3390 रुपये के नीचे आ गया है वहीं नैचुरल गैस 1.1 फीसदी की गिरावट के साथ 195 रुपये के आसपास कारोबार कर रहा है। एमसीएक्स पर सोना 0.3 फीसदी की गिरावट के साथ 28530 रुपये के करीब आ गया है जबकि चांदी 0.3 फीसदी टूटकर 41310 रुपये के आसपास कारोबार कर रही है। बेस मेटल्स की बात करे...

Will Silver Prices Continue Outpacing Gold Prices In 2017?

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The precious metals sector is off to the races in the first six weeks of 2017, as returns in both gold and silver are beating the S&P 500. The silver market is the best performer – with nearly double the gains seen in gold. Here’s a quick look at the numbers: Silver +11% Gold +6% Copper +11% S&P 500 +4% Why are silver prices outperforming gold? Here are four reasons: 1. Silver is Both a Precious and an Industrial Metal This creates a dual demand base for the metal from both investors and from the manufacturing and industrial community. A less expensive cousin than gold, silver offers investors many of the same properties as gold including portfolio diversification and a hedge against in inflation as gold and silver typically trend in the same direction. Silver attracts nearly 50% of its demand from industrial buyers for use in electronics, autos, nanosilver applications, medical devices and solar panels. Both the electronics and solar panel industries that...