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.
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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,
Commodities Weekly Research Report 22-02-16 to 26-02-16
Commodities Weekly Research Reports 22.02.2016 to 26.02.2016
Commodities Weekly Research Reports
Gold Comex Support at $1063.20 and Upside Resistance at $1260.80
Gold Silver Reports ~ Gold ticked up on Friday, extending gains from the previous two sessions, in spite of solid U.S. inflation data which bolstered hawkish arguments for accelerated monetary policy normalization by the Federal Reserve this year.
Indians Buy Gold Worth $267 Billion
Gold Silver Reports → At a time when foreigners were investing in Indian equities, Indians were boosting their Gold purchases. The gold greedy Indians bought yellow metal worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) over the last 10 years.
World Gold Council Indicate Improving Fundamentals For Gold
Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.
ABN AMRO Group Bear on Gold Market
Gold Silver Reports → ABN AMRO Group NV’s Georgette Boele has been a staunch bear on gold as prices tumbled. Now with gold on the brink of a bull market, she’s changed her tune.
Goldman Sees Bullion Prices Dropping to $1,000 in 12-Months
Gold Silver Reports → Investors have been pouring into the precious metal in search of a haven as global equity markets tumbled and expectations for increases in U.S. interest rates were reined in.
MCX Copper Sideways Trend Sell on Rise
Gold Silver Reports → MCX Copper February as seen in the weekly chart above has opened the week with gap down at 314.30 levels and at the starting of the week sessions it made a weekly high of 317.40 levels. Later on prices could not able to sustain on higher …
Gold MCX Trading Range 28800-29700
Gold Silver Reports → Gold settled down -1.36% at 29386 on profit booking after European banking stocks recovered, inspiring a rally among global equities.