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 — Most analysis of gold and silver markets tends to be U.S.-centric. However, the next secular trend in precious metals markets may have less to do with U.S. debt, U.S. politics, the U.S. central bank, and the U.S. dollar and more to do with a gigantic new source of demand.
Gold Silver Reports — Gold prices may fall 3-5% in the short term amid expectations that the US Federal Reserve will increase interest rate at the next meeting of the Federal Open Market Committee on March 14-15, bullion traders and analysts said.
Gold Silver Reports — India’s gold jewellery exports to the UAE have halved in the first two months of 2017 as the country has imposed a 5% import duty on gold jewellery. As a result, jewellers like Malabar Gold & Diamonds, Popley & Sons and others, who have a presence in the UAE, are ramping up their capacities there.
Gold Silver Reports — Gold prices got past the Rs30,000-mark again by climbing Rs375 to Rs30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.
Gold Silver Reports — Silver imports by India, one of the world’s top buyers, will probably shrink this year to the lowest since 2012 as the government cracks down on black money, farmers struggle for cash and stockpiles remain ample.
Gold Silver Reports — Gold returned to levels seen before the U.S. election as equities retreated and the dollar vacillated ahead of a major speech next week by President Donald Trump.
Gold Silver Reports — As the Direxion Daily Junior Gold Miners Index Bull 3x Shares almost tripled in the past two months, the number of shares changing hands has surged nearly fourfold this year. That’s even as trading has dropped for an ETF tracking larger mining peers and for the SPDR Gold Shares, the largest bullion-backed fund. The boost in volume has also led to a jump in bullish options on the leveraged security, with more than two calls for each put.