Has the stock market reached a turning point? While such moments are incredibly difficult to call—most investors would do well to avoid trying to time the market—a few signals have appeared suggesting a shake-up among the leaders and laggards may be afoot.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Trump Has Good Reason To Be Upset With The Fed – Gold Silver Reports
Gold Silver Reports (GSR) – President Donald Trump is going where he’s not supposed to once again, criticizing the Fed and his hand-picked chairman, Jerome Powell. In this case, he’s got a point: The Trump Fed has sped up its rate-hiking plans to offset the Trump tax cuts, even though policymakers expect economic growth to slow. The bond market, via the flattening Treasury yield curve, is worried too.
Gold and platinum aren’t so shiny anymore – Gold Silver Reports
Gold Silver Reports (GSR) – Analysts pin most of the blame on the dollar. Its unexpected strength this year has usurped the yellow metal as skittish investors’ preferred haven asset. Meanwhile, higher US interest rates also make gold less appealing, because it offers no yield.
Singapore/London: Gold is Hitting New Milestones of Misery, Gold Investors ‘Give Up Hope’ as Biggest Short in History Builds – Gold Silver Reports
Gold Silver Reports (GSR) – Exchange-traded funds tracking the metal have bled assets for 13 consecutive weeks, the longest run in five years, investors have placed the biggest gold short on record, and bullion’s chief foe—a strong dollar—is extending its market grip.
Gold Prices Rebound Today, Silver Rises – Gold Silver Reports
Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.
Crude Oil set for Seventh Consecutive Week of Declines
Crude Oil nearing the June lows
WTI crude oil hasn’t fallen for seven consecutive weeks since 2015 but unless there’s a miracle $2 rally in the next few hours, the losing streak is set to continue.
Gold prices slump today, silver follows suit – Gold Silver Reports
Gold prices tumbled by ₹ 290 to ₹ 30,340 per 10 grams dragged by weak global trend and falling demand from local jewellers
Gold prices tumbled by Rs 290 to Rs 30,340 per 10 grams on Thursday dragged by weak trend overseas and falling demand from local jewellers, reported PTI. In global markets, gold prices also remained weak but clawed back from a 19-month low. Short-covering and a slight softening of the US dollar, following news that US and China will hold trade talks late this month, helped global prices to pullback slightly after falling to 19-month low. Global gold prices, which have largely been pressured by a strong dollar and rising US interest rates, have shed nearly 10% in 2018.