22nd November, 2017

Daily Market Rates

India A.M. (22-11-17)

999 Gold - Rs. 29,490/-
995 Gold - Rs. 29,340/-
916 Gold - Rs. 27,013/-
750 Gold - Rs. 22,118/-
585 Gold - Rs. 17,252/-
999 Silver - Rs. 39,250/-

India P.M. (21-11-17)

999 Gold - Rs. 29,510/-
995 Gold - Rs. 29,360/-
916 Gold - Rs. 27,031/-
750 Gold - Rs. 22,133/-
585 Gold - Rs. 17,264/-
999 Silver - Rs. 39,290/-

Wednesday, November 22

The UK government is to announce its annual budget.
The U.S. is to release data on durable goods orders and unemployment claims.
Later in the day, the Fed is to publish the minutes of its latest policy setting meeting.
New Zealand is to release data on retail sales.

Daily Gold Market Report

Gold negotiates the initial resistance – Analysis - 22-11-2017
Gold price continues to fluctuate around 1281.17 level, settling inside the minor bullish channel that appears on the chart, which keeps the chances valid to continue the bullish trend on the intraday and short term basis, waiting to confirm breaching the mentioned level to push the price towards 1299.20 initially. Stochastic shows bullish momentum weakness, which might cause more sideways fluctuation between resuming the bullish bias, while in general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 1273.00, reminding you that breaching 1299.20 will extend Gold price gains to reach 1321.50 direct. Expected trading range for today is between 1272.00 support and 1295.00 resistance.

Daily Silver Market Report

Silver awaits the positive motive – Analysis - 22-11-2017
The tight range returns to dominate Silver price trades, to move around 17.00 level again, noting that settling above 16.56 represents the most important condition to continue the recently suggested positive scenario, waiting to get strong positive motive that supports the chances of breaching 17.43 level to open the way to extend the bullish wave towards 18.30. Therefore, the overall bullish trend will remain valid unless breaking 16.56 level and holding with a daily close below it. Expected trading range for today is between 16.80 support and 17.20 resistance. Expected trend for today: Bullish

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Gold, silver slip on sluggish demand in Mumbai

Mumbai: Gold prices slipped by Rs290 per 10 grams at the bullion market in Mumbai on Tuesday following sluggish demand from stockists and investors. Silver too slid owing to reduced offtake by industrial units and coin makers. Standard gold (99.5 purity) dropped by Rs290 to close at Rs29,360 per 10 grams from Monday’s level of Rs29,650. Pure gold (99.9 purity) also declined by a similar margin to finish at Rs29,510 per 10 grams compared to Rs29,800 earlier.

Gold, Silver Prices See Modest Rebounds From Monday’s Sell-Offs

(Kitco News) - Gold and silver pricess were ending the U.S. day session moderately higher Tuesday, on mild corrective bounces from the strong selling pressure seen Monday. December Comex gold was last up $6.10 an ounce at $1,281.30. December Comex silver was last up $0.113 at $16.955 an ounce. World stock markets were mostly firmer Tuesday and U.S. stock indexes set record highs. That did mitigate the rally potential for gold and silver markets, which are competing assets with equities.

Silver Price Edges Higher Ahead of Fed Minutes

The silver price rebounded on Tuesday (November 21) as investors awaited minutes from the latest US Federal Reserve meeting for more signals on monetary policy. A softer US dollar also supported prices. The white metal started the week by losing 2.3 percent, but as of 1:00 p.m EST on Tuesday, the silver price had inched up to $17 per ounce, gaining 0.6 percent.

Gold, Silver See Mild Corrective Bounces

(Kitco News) - Gold and silver prices are modestly higher in early U.S. trading Tuesday, on tepid technical bounces from the strong selling pressure seen on Monday. December Comex gold was last up $2.80 an ounce at $1,278.20. December Comex silver was last up $0.103 at $16.95 an ounce.

Technical Analysis for Gold, Silver, Crude Oil, DAX & More

Precious metals rallied strongly, then sold off strongly. Both gold and silver formed symmetrical triangles from which the strong pop and reverse took shape from, but the clarity in the latter has become the focus in this sector. Silver not only had a cleaner looking symmetrical triangle which it head-faked out of, but it is putting pressure on a trend-line rising up since July. The head-fake higher and then break of the underside of the triangle would likely lead to decent follow-through in line with the trend lower off the September high. Gold doesn’t have the same clarity, but will certainly go as silver goes. Watching the December trend-line and underside of its respective triangle.

Gold Rate Today: Gold in the red ahead of Fed meeting minutes

Gold was trading marginally in the red in early trade on Wednesday as market participants remained cautious ahead of the release of minutes from the US Fed’s last meeting, which could offer hints on the outlook for the central bank's monetary policy.MCX Gold futures were down 0.12 per cent, or Rs 34, at Rs 29,313 per 10 gram around 10.35 am (IST), while MCX Silver futures were up 0.03 per cent, or Rs 12, at Rs 39,312 per 1 kg at around the same time.

PRECIOUS-Gold edges up on lower U.S. dollar; market awaits Fed minutes

NEW YORK/LONDON, Nov 21 (Reuters) - Gold bounced up slightly on Tuesday, as a weaker U.S. dollar gave bullion a boost after the previous day's sharp decline and as investors awaited the minutes, due on Wednesday, of the Federal Reserve meeting held in November. Gold benefited from some safe-haven buying from investors leery of a political crisis in Germany, Europe's largest economy.

The new gold and bitcoin bankcards that enable you to spend entirely without cash

he trend to move away from cash as a means of everyday spending is accelerating with the announcement of two new payment cards that enable users to save and spend forms of wealth other than money. Instead of linking to a bank account denominated in sterling or another traditional currency, these new cards are tied to accounts where wealth is measured in bitcoins and physical gold.

Novogratz: Bitcoin is 'digital gold' and will end the year at $10,000

Even after a huge move already this year, investing magnate Mike Novogratz sees cryptocurrencies making another leg up before 2017 comes to a close.

Money ‘Tsunami’ May Spur Quadrupling of Gold Prices, McEwen Says

Prices could surpass $5,000 an ounce in five years, from about $1,280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining Inc. Chief Executive Officer Rob McEwen said. If that happens, “there is going to be a tsunami of money looking for a place to go,” he said in an interview from an industry conference in San Francisco.

Canadian agency clears up world’s largest gold project permitting process

Beware And Prepare, Gold And Silver Have Arrived!

Bitcoin Blows Through $8,000; Gold Hammering Related?

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