Gold needs to strengthen against S&P 500
However, charts are indicative of a bottom formation in precious metals, according to Jordan Roy-Byrne, CMT, The Daily Gold. Silver seems to have witnessed a major bullish reversal and from major support at $15 an ounce
GJF welcomes move to abolish 80:20 rule for Gold imports in India
The move to abolish 80:20 Rule comes close on the heels of GJFâ€™s letter to Prime Minister Shri Modi last week and persistent efforts with key policy makers for more than 12 months. It also comes as a relief to all those people who are buying gold & jewellery during the wedding season.