Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.
mcx commodity live price
India Gold Imports Are Said to Have Slumped for Fifth Month
Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.
Commodities Weekly Research Report Prediction and Forecast 04-06-18 To 08-06-18
Trend Sideways ⇒ Sell Gold MCX (Aug) Between 31050 – 31150, Stop Loss (CBSL) – 31444 Target – 30560 ↔ 30425 ↔ 30155
Trend Sideways ⇒ Sell Silver MCX Between 40050 – 40150, Stop Loss (CBSL) – 41200, Target – 38700 ↔ 38380
Gold Prices Zoom on Donald Trump Decided to Terminate the Planned Summit in Singapore on June 12th
Gold prices maintained its upward trend for the second straight day on Thursday, climbing another Rs125 to Rs 32,125 per 10 gram at the bullion market amid positive global cues and increased buying by local jewellers.
MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – Neal Bhai MFA Technical Analyst
Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.