Gold Silver Reports — Global economic and political instability (including geopolitical tension) has prompted investors to resort to safe haven assets in 2016, with bullion being the most preferred investment instrument this year.
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.
Bitcoin Loses 25 Percent in 5 Days
Gold Silver Reports — Bitcoin plunged for a fifth day as concern Britain will vote to leave the European Union waned and a hack suffered by another crypto-currency undermined confidence in such digital assets.
Bitcoin Trades Love Gold
Gold Silver Reports — Bitcoin has been trading love one of its oldest antecedents as investors speculate on the odds of Britain voting to leave the European Union in Thursday’s referendum.
Gold Still Traded Near a 2-week Low
Gold Silver Reports — Gold traded near a two-week low as speculation that the U.K. will vote to stay in the European Union curbed demand for a haven.
Silver Traders Track Gold to Longest Bull Gamble
Gold Silver Reports — Where gold goes, silver often follows. Bearish options on exchange-traded funds tracking the metals have been cheaper than bullish ones for the longest time since at least 2009.
Copper Trading Zone of 314-323 Levels
Gold Silver Reports — Base metals pack may open on negative path as US existing home sales data to give further direction to the prices. Copper may move in the range of 314-323. Lead can hover in the range of 115-117 while zinc can move in the range of 136 -138. Nickel may move in the range of 615-625 in MCX.
Balanced market keeps prices steady: Zinc
Gold Silver Reports — Zinc prices are holding steady, continuing to do better than other non-ferrous metals such as copper and aluminium. Sharp tightening in supply appears to be the main reason.