Gold Silver Reports – Gold prices rose on Wednesday after hitting a seven-week low in the previous session, buoyed as the dollar pulled back from a one-and-a-half-month high against a basket of currencies.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
What GST Means for the Jewellery Sector
Gold Silver Reports – The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief.
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.
Gold Sentiment Now Excessively Bullish; Correction Ahead
Gold Silver Reports — Gold Sentiment Now Excessively Bullish; Correction Ahead — Short term sentiment in Gold Futures, via the SPDR Gold Shares ETF (NYSE:GLD) has reached excessively bullish levels. This condition normally leads to a corrective move as the market runs out of buyers.