13th August, 2018

Daily Market Rates

India A.M. (13-08-18)

999 Gold - Rs. 29,835/-
995 Gold - Rs. 29,685/-
916 Gold - Rs. 27,329/-
750 Gold - Rs. 22,376/-
585 Gold - Rs. 17,453/-
999 Silver - Rs. 37,885/-

 

 

 

 



India P.M. (10-08-18)

999 Gold - Rs. 29,640/-
995 Gold - Rs. 29,490/-
916 Gold - Rs. 27,150/-
750 Gold - Rs. 22,230/-
585 Gold - Rs. 17,339/-
999 Silver - Rs. 37,825/-

Monday, August 13

The U.S. is to release data on mortgage delinquencies.

Daily Gold Market Report

Gold price approaches the first target – Analysis - 13-08-2018
Gold price begins today’s trading with bearish bias to approach 1204.50 level, and it keeps moving inside the minor bearish channel that appears on the chart, to keep the bearish trend active in the upcoming period, waiting to break the mentioned level to confirm opening the way to visit 1180.55 level that represents our next target. The EMA50 keeps pressing negatively on the price, while stochastic provides negative signal that reinforces the expectations to decline, noting that the continuation of the bearish trend conditions holding below 1220.00. Expected trading range for today is between 1190.00 support and 1220.00 resistance. Expected trend for today: Bearish

Daily Silver Market Report

Silver price resumes the decline – Analysis - 13-08-2018
Silver price continues to decline to start pressing on the sideways range’s support line that confines the recent trades, falling under continuous negative pressure that comes by the EMA50, which supports the expectations of continuing the bearish trend on the intraday and short term basis, noting that the expected targets begin at 14.95 and extend to reach 14.15. Therefore, we will keep our bearish overview unless breaching 15.50 level and holding above it. Expected trading range for today is between 15.00 support and 15.40 resistance. Expected trend for today: Bearish

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Gold / Silver / Copper Prices - Weekly Outlook: August 13 - 17

Investing.com - The broadly stronger dollar looks likely to remain a significant headwind for gold this week as the precious metal’s inverse relationship to a firmer dollar continues to outweigh safe haven demand for bullion. With another fairly light week ahead on the economic calendar, investors will continue to monitor developments on trade and Turkey. Wednesday’s U.S retail sales report will be eyed, amid expectations for an increase in July from the previous month.

Gold prices subdued as dollar stands firm near 13-month high

GOLD BENGALURU: Gold prices edged down in early trade on Monday as the US dollar held firm near a 13-month high against major peers amid financial crisis in Turkey. FUNDAMENTALS Spot gold had slipped 0.1 per cent to $1,209.53 an ounce by 0102 GMT, having last week posted a fifth-straight weekly loss. US gold futures were down about 0.2 per cent at around $1,216.80 an ounce. The dollar index, which measures the greenback against a basket of currencies, was little changed at 96.393 after climbing to its highest since early July 2017 at 96.505.

Gold Price Forecast 2018/2019: The Various Prices Of Gold Pointing Higher

Above is gold priced in oil from 1983 to now. Price has moved in a large channel before it broke out at the end of 2014. This is really significant given the importance of oil in the current monetary system (more of this another time).This breakout in some way signals gold's intention to play a more dominant role in the future monetary system(s). Price has not retested the breakout area, and formed a bullish wedge. It is still stuck in the wedge and has some work to do; however, it will break out and go much higher.

The Gold ETF Remains Oversold And The Dollar ETF Remains Overbought As Commodities Continue To Slip

The Gold ETF ($114.69 on Aug. 10) is down 7.2% year to date and its weekly chart is negative but oversold with the ETF below its five-week modified moving average at $117.49 and below its 200-week simple moving average or ‘reversion to the mean’ at $117.74. GLD set its 2018 low of $114.31 on Aug. 6. The 12x3x3 weekly slow stochastic reading fell to 07.40 last week below 10.00 as an indication that gold has become ‘too cheap to ignore’ particularly given the uncertainties of the Turkey turmoil.

Gold Rate Today: Gold gains, silver slips in morning deals

GOLD NEW DELHI: Precious mrtals gold and silver were moving in the opposite directions in the morning trade on Monday. MCX Gold futures were trading 0.4 per cent, or Rs 120 higher at Rs 29,788 per 10 grams at 10:45 am (IST), while MCX Silver futures were down 0.41 per cent, or Rs 158, at Rs 37,969 per 1 kg at the same time. SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 786.08 tonnes, remain unchanged from the previous business day.

Silver is not oversold on the daily chart

Gold sideways but I am sticking with the long trade & above 1209 targets 1212/13 & minor resistance at 1217/19 (we topped exactly here last week so at least it worked as a short scalping level). A break above here is a buy signal this week targeting 1223/24 & resistance at 1227/29. We should struggle here but shorts are looking too risky now. I think we have a trend change. Above 1230 targets 1234/35 & strong resistance at 1242/43. A break below 1195 kills the bull signal & obviously acts as a sell signal targeting 1190, 1188/87, 1180, 1172/71, 1166/65 & more.

Gold At Rs. 30,700 Per 10 Grams, Silver Touches 39,000 Mark

New Delhi: Gold prices recoiled by Rs.180 to stand at Rs. 30,700 per 10 grams in Delhi’s bullion market on Saturday due to brisk buying by local jewellers even as the metal weakened overseas. Traders have stated that increased buying of gold by local jewellers in view of the festive season demand at domestic spot market led to the recovery in gold prices but a weak trend overseas squeezed the gain. Globally, gold fell 0.07% to Rs. 1,211.20 an ounce and silver by 0.94% to Rs. 15.28 an ounce in New York on Saturday.

XAU/USD Technical Outlook: Gold Prices Digest Recent Losses

Gold is down nearly 7% year-to-date with price registering fresh yearly lows last week. Both price and momentum have been coiling up and the focus is on a breakout in the days ahead of guidance. Here are the updated targets and invalidation levels that matter for Gold. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more.

Gold prices fall further on dollar strength

BENGALURU (Reuters) - Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid financial crisis in Turkey. Spot gold had dropped 0.2 percent to $1,208.50 an ounce by 0655 GMT, hovering not far from a 17-month low of $1,204 hit earlier in August. U.S. gold futures were down 0.3 percent at $1,215.7 an ounce. “Gold today was heavy as the USD-CNH and USD-CNY continued to advance,” MKS PAMP Group wrote in a note.

Silver futures rise 0.28% on speculative buying

New Delhi, Aug 13 (PTI) Silver prices were up by 0.28 per cent to Rs 38,075 per kg in futures trade today as participants widened their bets and shrugged off a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in September went up by Rs 107, or 0.28 per cent, to Rs 38,075 per kg in a business turnover of 1,518 lots. Likewise, the white metal for delivery in far-month December lost Rs 91, or 0.23 per cent, to Rs 38,900 per kg in 158 lots. Analysts said increasing of positions by traders helped silver prices to trade higher in futures trade but a weak trend overseas restricted the gains.

Should you buy gold or invest in mutual funds?

Gold Prices Rise After 3-Day Fall: Key Things To Know


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