Gold Silver Reports — Australia’s top gold producers are set to take their $5 billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles.
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.
London Just Shook Up the Ranking of Biggest Gold Stockpiles
Gold Silver Reports — The London Bullion Market Association this week lifted the veil on how much gold is stored in vaults in the city, which instantly joined a list of the world’s biggest hoards.
Pre-GST buying spurs gold demand in India, import at record high in May: WGC
Gold Silver Reports — India’s gold demand surged in the June quarter, helped by improved rural sentiment and buying ahead of the 1 July implementation of the Goods and Services Tax (GST).
India’s Big Bang Tax Reform Roils Gold Demand as Buyers Adjust
Gold Silver Reports — Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council.
AngloGold, Harmony Deal Is Said to Stall on Mining Charter
Gold Silver Reports — Harmony Gold Mining Co.’s long-running talks to buy AngloGold Ashanti Ltd.’s South African assets have stalled because of uncertainty over the country’s new mining regulations, according to people familiar with the matter.
MCX Crude Oil Trading Zone Between 3030—3300 Level
Gold Silver Reports — Technically now Crude oil is getting support key at 3069 and below same could see a test of 3030 level, And resistance key is now likely to be seen at 3211, a move above could see prices testing 3300.
Zinc MCX Resistance Key at 181 Level
Gold Silver Reports — Technically Zinc market is under fresh buying as market has witnessed gain in open interest by 69.75% to settled at 5393 while prices up 0.95 rupees.