Trend Down ⇒ Sell Gold MCX Between 30950 – 31050, Stop Loss (CBSL) – 31339 Target – 30510 ↔ 30155 ↔ 29945
Trend Down ⇒ Sell Silver MCX Between 38950 – 39250, Stop Loss (CBSL) – 39444, Target – 38220 ↔ 37680 ↔ 37180
Jewellery Stocks Down, Gitanjali Gems Shares Tank 60% – PNB Fraud
Gold Silver Reports – Jewellery Stocks Down, Gitanjali Gems Shares Tank 60% – PNB Fraud — While Mehul Choksi-promoted Gitanjali Gems Ltd has lost around Rs435.91 crore or nearly 60% of its market value ever since the fraud at Punjab National Bank (PNB) came to light, the steep erosion has hammered other jewellery stocks as well.
All You Need To Know Going Into Trade On Feb. 23, 2018
Goldman Neal Bhai Reports – All You Need To Know Going Into Trade On Feb. 23, 2018 — Asian stocks look set to close out a lackluster week on a positive note on Friday as investors continue to debate the outlook for central bank policy normalisation and the impact of higher bond yields.
Gold MCX No Buying At All Sell on Rise Support Key 30338
Gold Silver Reports – Gold MCX No Buying At All Sell on Rise Support Key 30338 — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -5.83% to settled at 7370 while prices down 210 rupees.
Dollar Rebounds Awaiting Fed Minutes – Goldman Neal Bhai Reports INDIA
The USD rebounded against on Tuesday with North American markets coming out of a long weekend. The correlation between rising US bond yields and currency strength had broken down this year, but it now back on track with the 10 year Treasury note hitting a 10 year high driven by higher inflation expectations. The Fed has been divided internally on how to proceed in a slow inflation environment, but if prices suddenly accelerate there will not be need for debate with a higher pace of interest rate moves expected from the central bank.