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US markets continued their winning streak on Tuesday for the second straight session this week. The markets were up on strong sentiments around the Goldman Sachs quarterly earnings Get more World News and Business News on Zee Business.
Selloff resumes on Wall Street due to risk-aversion, Asian markets are set to suffer
The MCX gold futures contract’s nearest support is at ₹48,600, below which another support is at ₹47,650
(Bloomberg) -- Silver jumped to an almost eight-year high, extending a surge that started with the retail-investor frenzy sweeping through markets.Most-active futures rose as much as 13% to $30.35 an ounce on the Comex, the highest since February 2013. That followed a weekend buying binge that overwhelmed online sellers of silver coins and bars from the U.S. to Australia. BlackRock Inc.’s iShares Silver Trust, the largest exchange-traded product tracking the metal, recorded an unprecedented $944 million net inflow on Friday. Late Monday, CME Group raised futures margins by 18%, making i...
Silver Futures Gap Higher on Squeeze Play; Reddit Traders also Eyeing Silver Mining Stocks Read full article Oops! Nearby silver futures gapped higher on Sunday night in the pre-market trading session as the Reddit-fueled boom in highly shorted stocks appears to be spilling over into the precious metals market. March silver futures gapped to $28.425 on the opening, surging to an intraday high of $29.25 before reaching its high and dropping back below the opening. The price action indicates that investors could be in for a wild ride on Monday when the regular session opens at 13:00 GMT. The ea...