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.
London Metal Exchange Copper Eased
Gold Silver Reports – London Metal Exchange Copper Eased — London copper drifted lower on Tuesday as a firm dollar dictated direction in a thinly traded market, with holidays in top metals user China.
Israel to Export Natural Gas to Egypt in $15 Billion Deal
Gold Silver Reports – Israel to Export Natural Gas to Egypt in $15 Billion Deal — The lead partners in Israel’s largest gas fields said they signed a $15 billion export deal with Egypt, adding an economic dimension to what until now has been a security-focused relationship between former regional rivals.
Natural Gas: Any Panic Buy Truck Load Natural Gas Stop Same 162 (Closing Basis Stop Loss) For Big Target — 172 — 178 — Till Expiry 195 Possible.
Natural Gas MCX: Any Panic Buy Truck Load Natural Gas Stop Same 162 (Closing Basis Stop Loss) For Big Target — 172 — 178 — Till Expiry 195 Possible.