Profit street blog | stock and commodity market news

Gold and silver prices on the Multi Commodity change had been trading decrease in early trade on Tuesday as a consequence of lack of demand of treasured metals from jewellers, industries and outlets. The yellow metallic was once buying and selling 0.38 per cent, or Rs 111, down at Rs 29020 per 10 gram round 10.20 am (IST), while the white metallic was once down 0.18 per cent, or Rs 75, at Rs forty one,054 per 1 kg. SPDR Gold belief GLD, the arena’s biggest gold-backed change traded fund, said its latest holdings stood at 860.17 tonnes, up 1.48 tonnes, from earlier industry day. Holdings of the biggest silver-backed ETF, new york's iShares Silver belief SLV, stood at 10,119.87 tonnes, remain unchanged from earlier trade day. “we predict prices to change vary bound for the day, after a sharp fall within the previous session on a market-pleasant French presidential vote, even if tensions over North Korea offered give a boost to for protected-haven bullion.” “we predi...

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...