Gold Silver Reports – Silver settled down -0.06% at 37207 down as prices struggled for direction swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.
India Rupee Slip on Suspected Central Bank Intervention
Gold Silver Reports – Rupee pared declines from near a record low as traders said state-run lenders sold the greenback on behalf of the Reserve Bank of India.
Sensex Set for Weekly Decline
Gold Silver Reports ~ Indian equity-index futures advanced, with the benchmark stock gauge heading for its third weekly loss in four weeks before the federal budget on Monday.
Love Always Painful
“Love-Hurts” “So it’s true, when all is said and done, grief is the price we pay for love.”
Be Unstoppable
The enemy tricks us into believing we are not good enough because he knows if we discover the truth we’ll be unstoppable. – Holley Gerth
Copper MCX Intraday Trading Range 312 to 322
Gold Silver Reports → Copper settled down -0.34% at 318.10 but recovered from the day’s low as sentiments boosted by the weak dollar, but the expected short-term gains, amid worries that global economic growth in poor condition will be restricted metal consuming nations of China’s economic activity. Support seen with the Chinese government supports the initiative to show the effect of this year, China’s housing prices are likely to rise, the outside world is widely expected in the next few months China will further relax the policy.
Crude MCX Trading Range 2170 to 2330
Gold Silver Reports → Crude oil may move in range of 2170-2230. Crudeoil settled with a gain on Wednesday, finding support from a weekly decline in U.S. crude production,
Excess Agricultural Stocks Causing Investor Anxiety
Gold Silver Reports – With the country’s excess agricultural stocks beginning to drag on global commodity prices, the Chinese government has been forced into an overhaul of its farm subsidy program in an attempt to reduce supply and boost demand.
Crudeoil Rallie Start after faceing Issues for U.K. Crudeoil, U.S. Gasoline Demand
Gold Silver Reports – Crudeoil rallied as much as 3% on Wednesday with Brent prices helped by news of stalled loadings for the United Kingdom’s North Sea oil while U.S. crudeoil futures rose after strong demand for gasoline offset worries about record high crude inventories.