The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines
Both silver and gold are headed to basement after strong US and Europe's economic data
Gold's break below $1,850 triggered a wave of sell stops, said Phillip Streible, chief market strategist at Blue Line Futures in Chicago
"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines
August sales were the highest ever in a month since launch
Cryptos have been big gainers in times of trouble. In that sense, cryptos are like gold; havens during uncertainty.
"We don't expect a runaway rally in gold as ETF outflows will put pressure on the price," the expert says.
Gold prices were little changed on Tuesday, as concerns over spiking U.S. coronavirus cases offset pressure from vaccine optimism brought about by a positive vaccine trial data.
Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday
The Baroda cricketer, elder brother of star India all-rounder Hardik Pandya, was intercepted at the international airport where he landed from a UAE flight around 5 pm
With accommodative global central bank policies and stimulus, analysts expect gold prices to do well going ahead
Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout
Spot gold rose 0.3% to $1,912.11 per ounce by 0039 GMT.
Spot gold rose 0.6% to $1,909.80 per ounce by 9:52 a.m. ET (1352 GMT). U.S. gold futures rose 0.4% to $1,913
On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness
The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold
Crude oil has made 'Piercing line' candlestick pattern on daily scale, which has bullish implementation
The Court of Appeal in London granted the bank's appeal for the UK courts to determine the dispersal of the bullion worth around 1.8 billion euros
Natural Gas has given sell crossover of 20 and 50 EMA on daily scale
U.S. gold futures were down 0.5% to $1,898