Gold Silver Reports — Concerns over Britain’s exit from EU are brewing hurting the prospects of gold prompting the yellow metal to decline globally for the third time in four days. Market is weighing on the result of a referendum which decides whether the UK will stay in the European Union or not.
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.
Gold, Silver Jump on jewellers Buying
Gold Silver Reports — Gold and silver firmed up in Delhi bullion market on Tuesday on scattered buying by jewellers at the domestic spot market, even as the precious metals weakened overseas. While gold gained Rs.100 to Rs.29,750 per ten grams, silver rallied by Rs.300 to Rs.41,500 per kg.
China Increased its Reserves of Tungsten
Gold Silver Reports — After a long downtrend, prices of some rare metals have been recovering since the beginning of the year.
The British are staying
Gold Silver Reports — If voters opt to remain in the EU, strategists at Morgan Stanley say the FTSE 100 will rise as much as 14 percent and the Euro Stoxx 50 Index will rally 16 percent. Investors anticipate that the biggest cash pile since 2001 will start flowing back into the region’s stocks.
Gold Slip For The Third Time in Four Days
Gold Silver Reports — Gold slip for the third time in four days as surveys on the Britain’s submission on whether to say in the European Union demonstrated uneven results.
Brexit likely to turn Gold volatile this week
Gold Silver Reports — Gold market dealings may turn volatile this week ahead of the June 23 referendum when Britain will vote on whether to remain in the European Union or to leave, as per traders and experts.
MCX Crude Oil May Positive Day Range 3100-3200
Gold Silver Reports — Crude oil may open on positive path on short covering as it can move in range of 3100-3200.