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.
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.
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.
MCX Gold Under Fresh Buying Strong Support Key 29260
Gold Silver Reports — Technically Gold market is under fresh buying and getting support at 29424 and below same could see a test of 29260 levels, and resistance is now likely to be seen at 29888, a move above could see prices testing 30112.
MCX Copper Intraday Trading Key between 412-430
Gold Silver Reports — Technically Copper market is getting support at 416 and below same could see a test of 412 level, And resistance is now likely to be seen at 428, a move above could see prices testing 430.
AngloGold, Harmony Deal Is Said to Stall on Mining Charter
Gold Silver Reports — Harmony Gold Mining Co.’s long-running talks to buy AngloGold Ashanti Ltd.’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter.
Gold Price Attempts Breakout…Yet Caution Warranted
Gold Silver Reports — Since gold’s all-time high of $1,923 per ounce in September 2011, the nearly 6-year decline that this week has brought prices back to $1,270 has been broadly defined by a falling linear trend of selling pressure.