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 — Gold is breaking out, and that’s not necessarily a good thing. The precious metal has tested the $1,300 an ounce level three times since April. On Monday, it burst above what had come to be seen as a pretty strong area of resistance. This appears to be more than a “technical” move. Instead, it smacks of fear in the markets.
Gold Silver Reports — Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting haven demand. Palladium extended a rally and platinum rose above $1,000 an ounce.
Gold Silver Reports — Gold Jumps on Haven Demand as N. Korea Lobs Missile Across Japan – Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting demand for havens amid escalating tensions between Pyongyang and the U.S. and its allies.
Gold Silver Reports — Gold Kiss One-Week High After Central Bankers’ Reports – Gold rose to its highest in more than a week on Monday as the dollar weakened and the euro powered ahead after the head of the European Central Bank refrained from talking down the single currency at a high-profile meeting of central bankers.
Gold Silver Reports — Industrial metals including copper and aluminum are heading for the longest run of weekly gains in London in more than a decade on investor optimism driven by China, with demand holding up in the largest user just as policy makers press on with reforms that should curb supply.
Gold Silver Reports — After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country.
Gold Silver Reports — After weeks of relative slumber, gold traders were rudely awoken to a surge in volume and volatility. In a span of one minute, gold futures contracts equaling more than 2 million ounces traded — about 20 minutes before Federal Reserve Chair Janet Yellen was to address a gathering of policy makers in Jackson Hole, Wyoming.