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.

Will Gold bounce back this week?

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Gold Price Forecast

Will Gold bounce back this week? : Gold prices have recently corrected from their alltime high level of Rs 56,200 per 10 gram to Rs 47,500 per 10 gram. However, the prices bounced back to Rs 49,000 per 10 gram level as the USdollar touched a 2.5-year low, backed by hopes over US Covid19 stimulus aid. Backed by positivity on vaccines, a raging bullmarket in equities is also putting pressure on the yellow metal.

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Chinese Gold Demand Still Going up – But Slowly

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Gold Demand

Chinese Gold Demand Still Going up, But Slowly. This year SGE December withdrawals slightly exceeded those for December 2019, and indeed was the highest withdrawal month of the year, although it still fell slightly short of the December 2018 figure.

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The Emergency in Washington DC will be effective from Monday till January 24.

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अमेरिका के राष्ट्रपति डोनाल्ड ट्रंप ने राजधानी में स्टेट ऑफ इमरजेंसी घोषित कर दी है. उन्होंने अपने समर्थकों की ओर से संभावित बवाल को देखते हुए ये घोषणा की. अगले सप्ताह जो बाइडेन को राष्ट्रपति पद की शपथ लेनी है.

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Copper and silver to Outperform Gold in 2021

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Copper Prices

Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.

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