Gold Silver Reports — 10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar — India’s 10 year-bond yield on Wednesday hit over 14-week high after consumer price inflation accelerated for the second consecutive month, while the rupee strengthened marginally against the US dollar tracking gains in its Asian peers.
Neal Bhai
India Consumer Prices Rise 3.36%, More Than Forecast
Gold Silver Reports — India Consumer Prices Rise 3.36%, More Than Forecast — India’s August inflation rate accelerated to the fastest since March, exceeding expectations ahead of the central bank’s policy review in October.
Commodities Weekly Research Report 11-09-17 To 15-09-17
Trend Up ⇒ Buy Gold MCX Between 29850 – 29950, Stop Loss – 29600 Target – 30525 ↔ 30730
Trend Up ⇒ Buy Silver MCX Between 40600 – 40800, Stop Loss – 40010, Target – 42240 ↔ 42610
Crude Oil Recovering After the Devastating Hurricane
Gold Silver Reports — Crude Oil has been recovering after the devastating hurricane Harvey shut down refineries in the US over the past week pushing gasoline prices higher and oil prices lower.
Gold Testing Critical Breakout Level
Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.