16th January, 2018

Daily Market Rates

India A.M. (16-01-18)

999 Gold - Rs. 30,245/-
995 Gold - Rs. 30,095/-
916 Gold - Rs. 22,684/-
750 Gold - Rs. 22,399/-
585 Gold - Rs. 17,693/-
999 Silver - Rs. 39,325/-

India P.M. (15-01-18)

999 Gold - Rs. 30,150/-
995 Gold - Rs. 30,000/-
916 Gold - Rs. 27,617/-
750 Gold - Rs. 22,613/-
585 Gold - Rs. 17,638/-
999 Silver - Rs. 39,210/-

Tuesday, January 16

New Zealand is to release data on business confidence.
The UK is to release inflation data for December.
The U.S. is to publish data on manufacturing activity in the New York region.
Swiss National Bank Chairman Thomas Jordan is to speak at an event in Zurich.

Daily Gold Market Report

Gold gathers the positive momentum – Analysis - 16-01-2018
Gold price shows sideways trades since yesterday, settilng around 1340.00 level, noticing that stochastic begins to get rid of its negative momentum gradually, while the EMA50 keeps providing the positive support to the price and protects the key support 1321.49. Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holidng above the mentioned support, reminding you that our positive targets begin at 1357.53, and extend to reach 1375.00 followed by 1405.00 after breaching the first target. Expected trading range for today is between 1330.00 support and 1357.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver awaits the breach – Analysis - 16-01-2018
Silver price settles near the key resistance 17.43, and we still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic. In general, we suggest the continuation of the bullish trend domination in the upcoming period unless breaking 16.55 level and holding below it. Expected trading range for today is between 17.20 support and 17.50 resistance. Expected trend for today: Bullish

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Gold holds near 4-month high

Gold prices edged higher on Tuesday to hold just below a four-month high touched in the previous session, supported by a weaker US dollar languishing near three-year lows. Spot gold was up 0.1 per cent at $1,341.28 an ounce by 0310 GMT, after touching its strongest since September 8 at $1,344.44 on Monday. US gold futures rose 0.5 per cent to $1,341 an ounce...

Gold, silver up in morning trade

Gold and silver were trading higher in early trade on Tuesday on account of buying in precious metals by jewellers, industries and retailers. MCX Gold futures were trading 0.13 per cent up at Rs 29,792 per 10 gram at around 10.35 am (IST), while MCX Silver futures were up 0.17 per cent at Rs 39,638 per 1 kg at around the same time...

Gold futures rise to Rs. 29,768 on firm global cues

Silver: Once and Future Money

Unrefined gold imports rise to a record high in 2017, up 80% to 213 tonnes

Chinese Physical Gold Investment Demand Surges While Americans Pile Into Stock and Crypto Bubbles

Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China’s Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013...

Troubles are just Beginning for the US Dollar & how it will Affect Gold

Trillions of dollars in uncontrolled central bank stimulus and years of artificially low interest rates have poisoned every aspect of our financial system. Nothing functions as it used to. In fact, many markets actually move in the exact opposite manner as they did before the debt crisis began in 2008. The most obvious example has been stocks, which have enjoyed the most historic bull market ever despite all fundamental data being contrary to a healthy economy...

Silver Spot holds our selling opportunity at 1718/20

Gold outlook remains positive & above 1340 targets the gap at 1342/43 then 1249/50 & the 1357/58 high for 2017. How we meet more important 5 YEAR trend line resistance at 1363/65. Downside is expected to be limited with first support at 1333/32 then a buying opportunity at 1328/26. Stop below 1322...

Commodities Buzz: Silver Speculative Longs Hit Five Week High

Large metals speculators sharply increased their bullish net positions in the Silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds...

Gold import badly dents trade gap

Trade deficit widened to a three-year high of $14.88 billion in December, attributed to a spike in the import of gold and precious stones as well as crude oil that ratcheted imports up 21 per cent to almost $42 billion and left the huge trade gap. Exports expanded at a slow pace of 12.36 per cent from a year ago to $27.03 billion compared with a 30.6 per cent rise in the previous month, according to latest trade data released on Monday...

Is This The Long Awaited Gold Breakout - Or Just Another Paper Market Head Fake?

Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record-high, or just a case of futures speculators once again panic-buying themselves into an untenable long position, only to be fleeced by the big banks that dominate the paper markets? The commitment of traders (COT) report is not encouraging. In the current rally, the speculators (who are, remember, usually wrong at big turning points) have jumped back in with both feet and are now enthusiastically long while the commercials (usually right at big turning points) are once again aggressively short.

Gold futures jump to Rs. 29,660 on firm global cues

NEW DELHI, JAN 15: Gold prices firmed up 0.48 per cent to Rs. 29,660 per 10 grams at the futures trade due to speculative buying owing to the metal’s gains in global markets. At the Multi Commodity Exchange, gold for delivery in far-month April rose Rs. 142 or 0.48 per cent, to Rs. 29,660 per ten grams in business turnover of 36 lots. The metal for delivery in February was trading higher by Rs. 137 or 0.46 per cent at Rs. 29,684 per ten grams in 316 lots.

Gold Prices Echo US Dollar Weakness, Crude Oil Gains with Stocks

Gold prices pushed higher as the US Dollar failed to capitalize on even as CPI data showed core inflation unexpectedly accelerated in December. The outcome buoyed Treasury yields while the Fed rate hike outlook steeped but the greenback’s recent inability to find strength in tightening bets continued, with the anti-fiat yellow metal enjoying support by extension.

Hold 10% gold in your portfolio for support as equities may see correction

Gold gave a return of 13.59 per cent in the international market in 2017. This was its best performance since 2011, when it had given a return of 10.06 per cent. Its trailing one-year return currently stands at 10.48 per cent. Its return in the Indian market in 2017 was more muted at 5.34 per cent. Given the elevated valuations in the equity markets, and the expected liquidity tightening by global central banks, investors should take exposure to gold, since it could provide support to their portfolios in case equities witness a correction.

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