David

Gold prices today hit record highs for third day in a row, silver rates jump The investment demand for gold continues to grow Silver rates also moved higher today Gold prices in India rose to a new high today, extending their record-setting run to the third day in a row. On MCX, April gold futures rose as much as 0.5% to ₹41,798 per 10 gram, before giving up some gains. Domestic gold prices tracked gains in global rates which are…

Gold price pushes above $1,600, what's next? For a lot of analysts it was only a matter of time before gold prices breached $1,600 an ounce and with that target achieved, those professionals say that the precious metal has room to run a little further. Gold price have been climbing steadily higher Tuesday as fear sentiment picked up after investors saw the impact the spreading coronavirus was having on the global economy. Overnight, Apple warned that earnings won ’t meet…

Gold slips as stronger dollar, risk-on sentiment weighs * Dollar index at four-month peak * Global share markets hit record highs  Gold prices dipped on Tuesday as the dollar held firm and investors opted for riskier assets after a fall in the number of new confirmed cases of coronavirus in China eased some of fears over global economic impact. Spot gold was down 0.3% at $1,567.26 per ounce by 1:43 p.m. EST (1843 GMT), having touched its highest since Feb.…

LME metals rebound after Friday’s correction, but prices weaker in Shanghai The broader markets were mixed on the morning of Monday February 10, with equities in Asia generally weaker, as were metals on the Shanghai Futures Exchange, while the London Metal Exchange was firmer across the board. There is still much uncertainty around the impact of the Wuhan coronavirus (2019-nCoV), but with more businesses returning to work in China this week, we might get a better feel for the likely…