Gold Silver Reports- Copper is on a run that’s set to be the best in almost 30 years. The metal is on course for the longest winning streak since 1989, topping $7,300 a metric ton in London, on optimism about increased demand, supply disruptions in China and a weaker dollar.
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.
Copper Kiss Three-Year High as China Plant Halts Output
Gold Silver Reoirts – Copper Kiss Three-Year High as China Plant Halts Output – Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fueling a rally this year driven by optimism about demand and supply disruptions at mines.
Gold Prices Firm up on Global Cues, Jewellers’ Buying
Gold Silver Reports – Gold prices rallied by Rs100 to Rs29,975 per 10 gram at the bullion market on Tuesday on the back of positive global cues amid increased buying by local jewellers. Silver prices followed suit and advanced by Rs170 to Rs38,870 per kg due to increased offtake by industrial units and coin makers.
Global Gold Prices Kiss over 3-Week High on Dollar Weakness in thin Trading
Gold Silver Reports – Gold prices edged up on Tuesday in low-volume trade to more than three-week highs, helped by a weaker dollar. Spot gold was up 0.3% at $1,278.06 per ounce at 8.22am, after hitting its highest since 1 December at $1,279.05. US gold futures rose 0.3% to $1,282.50 an ounce.
Blockchain for Commodities Markets
Gold Silver Reports – Blockchain for Commodities Markets >> Blockchain technology, which has already been adopted by gold traders, is starting to show the potential to transform other sectors of the global physical commodities markets.
Silver MCX Buy on Dips, Support 37444 – No Charm for Indian Traders at lower Price
Gold Silver Reports – Silver MCX Buy on Dips, Support 37444 >> Technically Silver market is under short covering as market has witnessed drop in open interest by 7.28% to settled at 20597 while prices up 424 rupees.
China Exceeds Target for Household Gas Projects
Gold Silver Reports – China’s Ministry for Environmental Protection (MEP) said it had completed coal-to-gas and coal-to-electricity projects for 3.9 million households or 25,220 villages, exceeding a target of 3.1 million houses for 2017 in northern Chinese regions.