Gold Silver Reports – Gold prices softened by Rs15 to Rs29,685 per 10 gram at the bullion market on Friday as demand from local jewellers eased even as the metal strengthened overseas. Silver prices followed suit and declined by Rs60 to Rs38,220 per kg due to reduced offtake by industrial units and coin makers.
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.
Global Gold Prices Hover Below 2-week High
Gold Silver Reports – Gold prices held below a two-week high in thin pre-holiday trade on Friday amid a firmer dollar, but were on track to log a second consecutive week of gains.
Gold Silver Prices Take A Nap – Neal Bhai Reports
Gold Silver Reports – Gold Silver Prices Take A Nap – Neal Bhai Reports – New York (Dec 21) After suffering some heavy selling the last few weeks and making five-month lows, gold and silver seem to have fallen asleep the last few days. Although both have rallied off the bottoms, their volume, volatility and daily trading ranges have narrowed to almost nothing — like the markets are not open.
Crude Oil MCX Locked in Sideways Range Between 3630—3758
Gold Silver Reports – Crude Oil MCX Locked in Sideways Range Between 3630—3758 – Crude Oil on MCX settled up 0.49% at 3716 rose as the dollar index declined for the third consecutive session, following an array of data from the US, the world’s largest energy consumer, including the EIA inventory report, and ahead of the final Congress vote on the massive US tax reform bill.
Silver MCX Buy on Dips, Silver Trading Zone between 37210—37970
Gold Silver Reports – Silver MCX Buy on Dips, Silver Trading Zone between 37210—37970 – Silver on MCX settled up 0.68% at 37646 amid ongoing dollar weakness as House Republicans prepared to re-vote on the tax bill following a technical snafu. The dollar index slipped for the third consecutive session, following a basket of data from the US, the world’s largest economy, and ahead of the final Congress vote on the massive US tax reform bill.
Gold MCX Buy on Dips Support Key Level at 28420—28301
Gold Silver Reports – Gold MCX Buy on Dips Support Key Level at 28420—28301 – Technically Gold market is under fresh buying as market has witnessed gain in open interest by 1.26% to settled at 6889 while prices up 88 rupees.
Surge in U.S. Shale Hedging to Boost Drilling in 2018
Gold Silver Reports – Surge in U.S. Shale Hedging to Boost Drilling in 2018 – When oil prices rocketed toward $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the quarter than in at least three years, which could help propel the country to record crude production by next year.