Thursday, 10 September 2015

Daily Commodity Market Gold and Silver Tips

Gold prices slipped to their lowest levels after August 11 after a sharp recovery in the dollar led by the strong JOLTS openings which surged to record highs of 5.75 million in the month of July.

Prices at MCX slipped by 1.4 % to close at 26057 levels.

Gold silver ratio: Ratio is moving lower due to sharp decline in gold.

The prices saw a knee jerk reaction after the positive opening and surrendered the gains by the close of the day to end lower by more than 1 %. The weakness is expected to continue in today’s session also we therefore recommend a sell strategy for the day.

At MCX prices ended lower 1 % at 35294

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