9th August, 2017

Wednesday, August 9

China is to release inflation data.
Canada is to report on building permits.
The U.S. is to report on nonfarm productivity and labor cos

Daily Gold Market Report

Gold keeps its positive stability – Analysis - 09-08-2017
Gold price managed to hold above 1254.56 level after attempting to break it yesterday, starting today with clear bullish bias to move away from the mentioned level, keeping the bearish trend valid on the intraday and short term basis, supported by moving above the EMA50, waiting to head towards 1295.37 followed by 1312.00 levels as next main stations. Therefore, we will continue to suggest the bullish trend conditioned by holding above 1254.56, as breaking this level will put the price under negative pressure that targets 1229.32 areas before any new attempt to rise. Expected trading range for today is between 1254.00 support and 1280.00 resistance. Expected trend for today: Bullish

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Gold, silver gain on rising tension between US-North Korea

Precious metals gold and silver were trading higher in morning trade on Wednesday amid rising tensions between the United States and North Korea. Demand for metals from investors, industries and jewellers further supported gold and silver on Wednesday. MCX Gold was up 0.67 per cent, or Rs 191, at Rs 28570 per 10 gram, while MCX Silver was up 0.81 per cent, or Rs 304, at Rs 37803 per 1 kg.

Gold jumps on rising US-North Korea tensions

BENGALURU, AUG 9: Gold prices rose early Wednesday amid rising tensions between the United States and North Korea after the North responded to warnings from US President Donald Trump with a threat to strike the US territory of Guam. “We've had some competing forces play out over the past 12 hours - the US dollar was stronger off economic data, but that was quickly reversed with President Trump's comments about North Korea earlier today (Wednesday),” said ANZ analyst Daniel Hynes.

Bitcoin climbs to record, nearly three times the price of gold

Gold Prices Go Up On Rising US-North Korea Tensions

Vietnam dong, gold and interbank rates - August 9

HANOI, Aug 9 (Reuters) - Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0420 GMT. August 9 USD/VND mid-point 22,440 USD/VND interbank 22,729/22,731 USD/VND unofficial 22,728/22,740 SJC gold (mln dong/tael) 36.13/36.35 Interbank offered rates Overnight 0.4-0.8 1 week 0.5-0.9 1 month 1.5-1.9 3 months 3.1-3.8 NOTES: As of Jan. 4, 2016 the State Bank of Vietnam has begun setting the mid-point rate on daily basis, allowing dollar/dong transactions to move in a band of +/- 3 percent around the mid point.

Gold futures climb to Rs. 28,573 on firm global cues

NEW DELHI, AUG 9: Gold rose Rs. 194 to Rs. 28,573 per 10 grams at the futures trade as speculators enlarged their positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in October spurted Rs. 194 or 0.68 per cent to Rs. 28,573 per 10 grams in a business turnover of 761 lots.

Sovereign gold bonds have attracted Rs6,030 crore so far

Mumbai: The Reserve Bank of India (RBI) on Tuesday said sovereign gold bonds have attracted investment worth Rs6,030 crore so far. The government launched the scheme in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of gold, into financial savings. So far, the bonds have been issued in nine tranches.

Silver futures surge to Rs. 37,801 per kg

NEW DELHI, AUG 9: Tracking a firm trend overseas, silver prices rose Rs. 302 to Rs. 37,801 per kg at the futures trade as traders built up fresh positions. At the Multi Commodity Exchange, silver for delivery in September rose Rs. 302 or 0.81 per cent to Rs. 37,801 per kg in a business turnover of 1,087 lots.

Gold prices down at Rs. 29,350; silver edges up to Rs. 38,370

NEW DELHI, AUG 8: Gold prices eased by Rs. 70 to Rs. 29,350 per ten gram at the bullion market today owing to slackened demand from local jewellers and a weak trend overseas. However, silver edged up by Rs. 45 to Rs. 38,370 per kg on scattered deals from industrial units and coin makers. Traders said apart from a weak trend overseas, easing demand from local jewellers and retailers, mainly led to decline in gold prices. Globally, gold fell 0.09 per cent to $1,257.30 an ounce in New York in yesterday’s trade.

Silver to trade in 36984-37882: Achiievers Equities

Silver trading range for the day is 36984-37882. Silver gained tracking firmness in base metals prices despite of a rebound in the dollar, after U.S. job openings topped forecasts. U.S. job openings, increased 461,000 to a seasonally adjusted 6.2 million, the highest level since the series started in December 2000, the Labor Department said.

Today Gold Price: Track today's gold rate latest trends and news

Gold prices rose early Wednesday amid rising tensions between the United States and North Korea after the latter responded to warnings from US President Donald Trump with a threat to strike the US Pacific territory of Guam.

Gold Up on Safe-Haven Demand

Gold prices ended a choppy, two-sided trading session higher yesterday as tensions between the U.S. and North Korea escalated. XAU/USD traded as high as $1267.12 an ounce after a sell-off in Japanese shares prompted investors to seek shelter in safe-haven assets. Gold usually benefits temporarily from geopolitical risks but a strong correction in equities markets could be the missing catalyst that gold needs to break resistance in the $1274-$1271 zone. XAU/USD is still trading above the Ichimoku clouds on the weekly and the daily charts. We have positively aligned Tenkan-Sen (nine-period moving average, red line) and Kijun-Sen (twenty six-period moving average, green line) lines on both time frames, along with Chikou Span/price crosses in the same direction. All these suggest that the bulls have the medium-term technical advantage.

Gold rates

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