Friday, 20 September 2019
TIME 9:03 AM IST
The reason why gold and silver did not crash yesterday after the FOMC is that there is physical demand. Asian are buying. Some of gold and silver traders are sitting on cash. They are waiting for the quarter to end. Investment demand in gold is upbeat. Speculation that USA and Saudi Arabia are getting to attack Iran (over the coming months) will result gold demand (in all forms) for the rest of the year. Once again focus will be on US-China trade talks. Weekend position squaring and rebuilding will increase volatility.
Silver December 2019: (previous day close/CMP Rs.46666)
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