Gold Silver Reports — Crude oil may open on negative path tracking profit booking at higher levels as EIA weekly inventory data to give further direction to the prices. Overall it can move in range of 3200-3300.
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 Fix Near 5-Week High as Brexit Concerns
Gold Silver Reports — The yuan extended losses from a 5-year low, dragged down by MSCI Inc.’s decision to leave Chinese stocks out of its benchmark indexes.
Why George Soros is making big bets on Gold?
Gold Silver Reports — This week George Soros once again came out with his very large directional “bets” for the S&P 500 and for gold and, needless to say, Mr. Soros is once again shorting the S&P and buying gold and gold miners, joining Ray Dalio, Stanley Druckenmiller and Michael Ballanger (just-kidding) in a decidedly unpopular stance. Carl Icahn came out in agreement during a CNBC interview this week that left the interviewer near-speechless and groveling in the mud of anti-Wall Street rhetoric.
Jewellers Buying Support Gold Prices Higher; Global Hints
Gold Silver Reports — Global Hints and persistent buying by jewellers at the domestic spot market, gold prices climbed for the sixth straight day on Tuesday, gaining Rs.140 to Rs.29,800 per ten grams in Delhi bullion market.
Crude Oil Prices Slip, Economic Prospects in Europe and Asia
Gold Silver Reports — Crude Oil prices fell, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.
Gold Slip Near 4-Week High Ahead of Fed Meeting
Gold Silver Reports — Gold inched down on Tuesday but stayed near a four-week high touched in the previous session as investors waited for clues from a two-day U.S. Federal Reserve meeting beginning later in the day and Britain’s June 23 vote on whether to leave the European Union.
Indian Gold Bonds Debut at 11.5% Premium
Gold Silver Reports — India’s sovereign gold bonds debuted in two of the major stock exchanges in the country today. The gold bonds have been listed in BSE and NSE for trading at 11.5% premium to issued price.