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.
Gold Silver Reports (GSR) – The rise in gold prices could be attributed to sharp falls in global stock markets that would drive investors to the safe-heaven asset gold, and weakening of the dollar. Despite Trump’s intervention, the dollar was near one-year highs as Fed chairman Jerome Powell said US was poised for several more years of growth, strengthening prospects of rate hikes.
Gold Silver Reports (GSR) – In Delhi, gold rates of 99.9% and 99.5% purity edged up by Rs 25 each to Rs 30,825 and Rs 30,675 per 10 grams, respectively. The yellow metal had lost Rs 350 in the last two days.
Gold Silver Reports (GSR) – In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.
Gold Silver Reports (GSR) – The price of gold took another step lower in trading today, and in the process, moved below the 200 week MA at $1234.36. The current price is trading at $1227.85, down $13 on the day. That is just above the low at $1226.16.
Gold Silver Reports (GSR) – Golden Temple, the holiest shrine of the Sikhs, is set to shine brighter with 160 kg of gold being plated on the domes of its four deodis (entrances). This will be in addition to the gold-plated Harmandar Sahib in the middle of the sarovar (holy tank), the domes of Akal Takht, the highest temporal seat of the Sikhs, and darshani deodi (entrance to the sanctum sanctorum).
Gold Silver Reports (GSR) – China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.
Gold Silver Reports (GSR) – Gold imports had amounted to $11.26 billion in the corresponding quarter of last financial year. The imports of the metal have been declining since January this year. Contraction in gold imports help contain the current account deficit.