Tuesday, November 3, 2015
Why Gold and Silver prices have fallen in early November 2015
Today is Tuesday 3rd November and we are discussing why gold and silver prices have fallen in recent days.
There is no doubt that we have seen a mixture of 'profit taking' lower than expected Indian demand for gold jewellery products and lower Indian imports. There is a 52% possibility that the FED may raise interest rates in December 2015 and dealers and traders are 'covering their positions' in the expectations of lower prices.
In addition, the US dollar has strengthen a little and the fundamentals for precious metals do not naturally lead to a rise in prices.
In this video we have included comments from "The Times of India", Kitco News, Bloomberg, Reuters and other commentators.