23rd January, 2018

Tuesday, January 23

The BoJ is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.
The announcement is to be followed by a press conference.
The UK is to release data on public sector borrowing.
The ZEW Institute is to report on German economic sentiment.
The first day of World Economic Forum meetings are due to take place in Davos, Switzerland.

India International Bullion Summit 2018 (IIBS 5) to be held on 15th March, 2018 at Hotel Sahara Star, Mumbai. Registration Form is now live! Click on the link  and get yourself  registered today.

Daily Gold Market Report

Gold rises calmly – Analysis - 23-01-2018
Gold price begins today’s trading with calm bullish bias after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, which support the continuation of our bullish overview in the upcoming sessions, and we believe that the way is open to visit 1357.50 that represents our next main target. Therefore, we are waiting for more rise today, noting that breaching the mentioned level will extend Gold price gains to reach 1375.00 followed by 1404.00, while holding above 1321.40 represents key condition to achieve the waited targets. Expected trading range for today is between 1325.00 support and 1350.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver gets a positive signal – Analysis - 23-01-2018
The tight range keeps dominating Silver price trades, which moves around 17.00 level, noticing that stochastic begins to overlap positively on the daily time frame, waiting to motivate the price to resume the bullish trend that its targets begin by testing 17.43 level. Therefore, we will keep our positive overview for the upcoming period conditioned by holding above 16.55, reminding you that breaching the targeted level will push the price towards 18.30 as a next station. Expected trading range for today is between 16.85 support and 17.30 resistance. Expected trend for today: Bullish

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Proposal for Photocard for Hallmarked Jewellery

Silver Is The Key To Gold Breaking 2016 Highs - Analyst

(Kitco News) - Investor interest in silver could be the missing ingredient needed to push gold prices through its recent four-month highs, according to one commodity analyst. Andrew Hecht, the creator of the Hecht Commodity Report, said, in a commentary on Seeking Alpha, that silver's lackluster performance, compared to gold could be one reason why gold is struggling to break above last year's highs.

Gold, Silver Weaker Amid Profit Taking, Chart Backing and Filling

(Kitco News) - Gold and silver prices were ending the U.S. day session slightly lower Monday. Some chart consolidation and mild profit taking from the shorter-term futures traders were featured amid a lack of major, markets-moving news to start the trading week. February Comex gold was last down $0.70 an ounce at $1,332.50. March Comex silver was last down $0.026 at $17.01 an ounce. While the U.S. government remained shut down for the third day Monday, U.S. lawmakers appeared to have reached a deal that would reopen the government. A House vote on the matter was expected Monday afternoon. The world marketplace saw a limited reaction to the U.S. government shutdown.

Gold not done and dusted, best days are still to come

Gold steady on weak dollar; stocks surge as US govt shutdown ends

World Gold Council investigates standard for gold kilobars

PJX wants to buy another gold mine in B.C.

Toronto-based PJX Resources announced it has acquired an option to earn 100% interest in the Gold Shear property, located 29 km southwest of Cranbrook, British Columbia. According to a corporate press release, the property hosts the high-grade David gold occurrence and is adjacent to PJX's Eddy property.Historical data from the provincial Ministry of Energy Mines and Petroleum revealed that gold was first discovered in 1990 when an exposure of gold-mineralized quartz veining within a shear zone was chip sampled across 40 centimetres and assayed up to 144 grams per tonne gold.

Three kg gold worth ₹90 lakh seized at airport

The Air Intelligence Unit (AIU) of the Customs at Chennai airport detected six cases of gold smuggling in the past few days and recovered ornaments weighing 3 kg, worth over ₹90 lakh. On Sunday morning, Cheriya Parambath Ansar, 26, who arrived from Dubai by Emirates Airways flight no. EK 544, was intercepted on suspicion. When his checked-in baggage was examined, the officers found gold foils of 24 carat purity weighing 829 g worth ₹25 lakh.

Gold Rate Today: Gold pushes higher in morning trade; silver steady

Gold prices ruled higher in morning trade on Tuesday, aided by buying by jewellers, investors and retailers. MCX gold futures were up 0.13 per cent, or Rs 38, at Rs 29,872 per 10 grams at around 11.20 am (IST) while MCX silver futures were almost flat at Rs 38,975 at around the same time. Brokerage firm SMC Investments and Advisors believes that the bullion counter may trade with sideways to positive as movement of the greenback after the resolution of the US government shutdown will give further direction to the prices.

Gold futures rise to Rs. 29,890 on firm global cues

NEW DELHI, JAN 23: Gold futures were trading 0.19 per cent higher at Rs. 29,890 per 10 grams as participants raised bets owing to positive global cues. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs. 56 or 0.19 per cent at Rs. 29,890 per 10 grams in a business turnover of 444 lots. Similarly, the metal for delivery in April was quoting higher by Rs. 33 or 0.11 per cent at Rs. 29,850 per 10 grams in 15 lots.

Gold Might See September Highs Only In Q2 - TD Securities

(Kitco News) - Even though gold is still trading above $1,330 an ounce, the metal is looking to consolidate in the near-term while the precious market is waiting for a new catalyst, according to the latest report by TD Securities. “Gold took a breather after several consecutive weeks of strong performance, as its run toward its 2017 highs ran out of steam,” said Bart Melek, head of global strategy at TD Securities

Gold Prices Climb In Asian Trading As U.S. Government Ends Shutdown

(Kitco News) - Gold saw gains shortly after Asian markets opened on Tuesday as the U.S. dollar index returned to trading near three-year lows after Congress approved a short-term funding bill, ending the U.S. government shutdown. Spot gold on Kitco.com last traded at $1,335.40, up 0.20% on the day, while the U.S. dollar index was at 90.38, down 0.32% on the day.

Bitcoin price plummet sees investors swap cryptocurrency for solid gold

Sales of gold coins surged fivefold last week at Frankfurt-based trader CoinInvest, with phones ringing off the hook and emails pouring in from nervous investors looking to cash out. CoinInvest director Daniel Marburger told the Standard the surge in demand has continued. "It is a constant flow into gold," he said.

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