Latest Updates Around The World
According to Ajay Kedia, founder and director of Kedia Commodities, the sharp volatility in precious metals is driven more by technical factors and seasonal trading weakness than by a major deterioration in fundamentals.Speaking to Commodity Central with ET Now, Kedia said the recent 10% correction in silver – followed by a rapid 4.5% rebound – […]
Large silver flows from the US and China into the London spot market over the past week are easing a liquidity crisis in the world’s largest over-the-counter trading center for precious metals, traders and analysts said. A shortage of available metal in the London market helped push silver prices to a premium to U.S. Comex […]
Precious metals hit record highs again, posting gains for the ninth straight week. Gold ($4,254/ounce) rose 5.9 percent and silver ($51.90/ounce) rose 3.2 percent. In the domestic market, gold futures (₹1,27,008/10 gram) and silver futures (₹1,56,604/kg) rose 4.7 percent and 6.9 percent respectively. MCX-Gold (₹1,27,008) Gold futures hit an all-time high of ₹1,32,294 on Friday […]
What’s happening in the raw materials world? Will the gold price rise next? To find out, ET Markets spoke to Anand Rathi’s Naveen Mathur, who explains what’s driving the currency and bullion markets amid global uncertainty and rate tensions. He also analyzes the recent movements in the dollar and rupee and highlights the key support […]
