Gold Silver Reports — Investors can take advantage of this irrationality via buying the dip in gold and silver every-time that Yellen yaps about raising interest rates.
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.
How Will a Brexit Vote Impact Gold and Silver Prices?
Gold Silver Reports — The June 23 referendum on whether or not the UK should leave the EU is fast approaching. New polls show that those favoring a leave vote or “Brexit” are leading by 10 to 20 points. This has sent ripples through the markets, as a Brexit is likely to cause economic chaos in the EU, cripple European banks and lead to a Recession.
The Coming British Exit (“Brexit) Vote is Also Lifting Gold
Gold Silver Reports — On June 23, 2016 the voters of Great Britain will decide whether or not to leave the European Union (EU), which Britain joined in the early 1970s. With a week until the decision is due, the forces of “Leave the EU” have increased sharply over the “Remain” vote.
Natural Gas MCX Trading Zone 171-179
Gold Silver Reports — Natural gas on MCX settled down -0.17% at 175.10 overall prices traded in the range as traders are waiting for weekly inventory that is expected to show a heavy stockpiles which may continue to limit rallies.
Fed Skips June Increase as Six Officials See One Hike in 2016
Gold Silver Reports — Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing.
Gold Average $1221 in 2016 Forecast by Macquarie
Gold Silver Reports — Banking firm Macquarie has lifted its 2016 gold forecast but decided to keep it below spot price. Gold is likely to average $1,221 in 2016 and $1,251 in 2017, according to the latest forecast by Macquarie.
Gold MCX Volatile Movement, Level 30270-30730
Gold Silver Reports — Gold may witness volatile movement as investors will look forward to the outcome of FOMC meeting later today. Meanwhile movement of local currency rupee will give further direction to the prices.