Monday, 9 February 2015

News and Research on Gold and Silver

Bullion remained highly volatile last week though on Friday the highly positive US Jobs data weighed the two commodities lower. Non-Farm payrolls addition stood at 257,000 for Jan against markets forecast for 225-230K addition.

By end of the week though, Gold Comex closed down by 3.5% to $1234 per ounce whereas in Indian markets we saw MCX Gold April too lost 3.5% to Rs 26800 per 10 Gms.

Silver commodity at Comex traded with high volatility last week though overall broader perspective continued from the bigger precious metal gold and thus we are seeing negative performance week on week.

Almost all of losses last week for whitish metal came on Friday with Silver Comex March closed 3% lower to $16.70 per ounce, down by 3%.

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