Gold Rate in Chennai 7th June 2020 Gold

Gold Rate in Chennai (7th June 2020) Gold Rates in Chennai are witnessing a steady trend since the start of the year. Demand for gold in Chennai has been on the rise, with most of the demand coming for jewellery and less in gold biscuits and gold coins. David – http://markethive.com/david-ogden

PRECIOUS-Gold slips 2 as recovery hopes bolster risk appetite

PRECIOUS-Gold slips 2% as recovery hopes bolster risk appetite * Gold hits lowest level since May 7 * Private payrolls drop by 2.76 mln in May vs 9 mln forecast Gold fell more than 2% on Wednesday as risk sentiment improved on hopes of a faster recovery from a coronavirus-driven economic slump, with investors largely […]

‘We expect a considerable drop in gold prices’ says ABN Amro

'We expect a considerable drop in gold prices', says ABN Amro Gold positioning remains very crowded, according to ABM Amro, which is why the Dutch bank is not recommending re-entering long gold positions at the moment. “We continue to think that positions are too crowded and that prices are too high to recommend re-entering longs,” […]

March ructions deter bullion banks from gold futures

March ructions deter bullion banks from gold futures photo of three poured gold bullion bars“Big bullion banks including HSBC have pulled back from trading gold futures after disruption in the market that flared up in the coronavirus crisis.” USAGOLD note: An interesting look at what happened back in March when COVID-19 disrupted the flow of […]

The precious metals continue to climb to higher pricing

The precious metals continue to climb to higher pricing As the last trading day of the month comes to a conclusion, precious metals futures traded moderately to strongly higher on the day. Today’s gains were felt across the metals. However, none of the other metals could keep up with the precious ore and today could […]