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.

An Action Packed December : RSBL (11/10/2016)
Gold prices appear to have found a base either side of the $1,250 per ounce, basis spot, with prices now getting some lift and silver prices are well placed to challenge recent resistance $17.78 per ounce

On Friday, 21st October, San Francisco Fed President John Williams said at a mortgage conference that "it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later."

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GOLD CRASHES BUT LANDS SAFELY : RSBL (11/10/2016)
Gold prices have rallied 31.4 percent since the December low at $1,046.40. Safe-haven demand increased due to the following factors:

  • The US Federal Reserve proposed in December four rate increases in 2016 but at best it might deliver just one rise before the end of the year
  • Its inverse relationship with the dollar index has allowed gold to climb
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VOLATILE MARKETS : RSBL (03/10/2016)
Markets were volatile as the week ended and this volatility was reflected in the movements of gold prices.

Gold prices fell on Friday, after shuffling between gains and losses as investors weighed concern about Europe's banking woes against heightened expectations of a Fed rate increase in December.

The yellow metal had fallen to as low as $1,311.95 on Friday – the lowest since September 21 – following news that Deutsche Bank was near a settlement with US regulators.

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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.