Future Retail-Amazon deal likely in 10 days, in which Amazon will buy around 9.5 percent stake in Kishor Biyani-led company and both the parties are in advanced stage of talks for the deal.
G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Gold Demand in India, Second Biggest Gold Consumer after China
Gold Silver Reports (GSR) – Gold demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season. Traders expect the recent fall in domestic gold prices to perk up demand.
MCX Zinc Price Below 186 Target 176—163 – Neal Bhai Reports
Gold Silver Reports (GSR) – MCX Zinc settled down 3.06% at 181.95 as pressure continues on an expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia, putting the brakes on an eye-watering price fall.
Gold Up on Concerns over growth; focus on Fed, G20
“People are moving some capital into gold at this time, given the uncertainties around the pace of rate hikes by the U.S. Federal Reserve, the U.S.-China trade war,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.