Gold Silver Reports — Gold fell more than 1 percent on Friday after U.S. March payrolls data beat expectations, allaying some fears about the U.S. economy and stoking speculation about the timing of likely interest rate hikes by the Federal Reserve this year.
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.
MCX Crude Oil Trading Levels 2470-2660
Gold Silver Reports ~ MCX Crude Oil Trading Levels 2470-2660. Crude-Oil closed near $38 a barrel in New York as the dollar’s loss eased, reducing the appeal of crude as a store of value.
The Economy and Direction of Monetary Policy
Gold Silver Reports ~ U.S. stocks declined in thin trading as commodity shares followed crude prices lower, while investors awaited further clues on the economy and direction of monetary policy.
Fed Statement Reports “Weak” Economic Growth
Gold Silver Reports ~ Gold snapped a three-day losing streak after Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year.
Crude Oil MCX Trading Levels 2405 – 2525
Gold Silver Reports ~ Crude MCX settled down -1.72% at 2457 extending losses as a monthly report from OPEC provided further signals of a widening gap between supply and demand on energy markets worldwide.