The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.
Half way through 2014...But where is Gold heading for? - (29/06/2014)
We are half way through 2014 and the market is still confused whether gold is showing bullish trends or bearish. But lately, gold has been behaving in such a pattern that it would be difficult for anyone to give "a" particular market trend.
At the beginning of 2014 it was the exorbitant demand for gold from China that kept gold prices high. Then came in the deteriorating weather conditions in US and political uncertainty in the Euro Zone that kept pushing gold prices even higher. Come in March and the tables tuned for the yellow metal.

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Iraq to Ukraine - Safe haven boost! - (21/06/2014)
All that was written about Gold about the next downfall, proved incorrect till date. Safe haven buying returned lying a Torpedo which took out all the possible resistance levels. Silver proved that it is always the best ally of Gold and moved at a much faster pace than Gold.
Gold saw a very good recovery internationally and in the domestic markets last week. The main reason behind this upward movement of gold and silver prices was the ongoing Geo political crisis in Iraq and Ukraine. Gold has always been considered as a safe haven assets in times of crisis. Moreover, the equities market have been trading near record levels and have reached a saturation point.

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Safe haven buying returns: Gold in picture! - (16/06/2014)
As the week ended, Gold once again became the centre of attraction in the commodities market.
Bullion metals rallied on Thursday. Gold was at a three week high on Thursday, sustained by safe haven buying following outbreak of violence in Iraq and disappointing economic news out of the US. Last month it was Ukraine, this month it's Iraq.

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GLOBAL MANTRA - JUST WAIT AND WATCH! - (08/06/2014)
Once again, gold was surrounded by a cloud of doubt.....doubt of gold being a safe haven asset...doubt of gold being the most dependable asset in times of uncertainty.
While Thursday showed signs of gold on the path of recovery, the US jobs data released on Friday once again proved fatal for gold.
Bullion climbed 0.8 percent on Thursday, reaching the highest since May 30, after the euro strengthened against the dollar as the market discarded the European Central Bank’s unparalleled effort to weaken the single currency and strengthen growth

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A Dreadful Week for Gold - (01/06/2014)
It's been a dreadful week for gold. The yellow metal is down 3 per cent, the most in any week since late March.
A few months or rather days back, the yellow metal did gain support from the ongoing geo political tensions between Russia and the West over Ukraine.
As I have been repeatedly telling, that gold was being pulled by the bullish and bearish factors and it has been moving on a see saw as we get a positive growth report from US on one hand and escalating Ukraine crisis on the other.

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This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.