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 — Each week, we hear from more mainstream analysts turning bullish on gold or increasing their previous price projections for the yellow metal. Last week, we reported on one JP Morgan executive who predicted $1400 gold this year. Now we hear from Bob Michele, JP Morgan Asset Management’s global chief investment officer and head of fixed-income and commodities.
American Eagle Coin Sales in 2016 vs. 2015 *For 2015, sales figures are through May 31; for 2016, figures are through May 20; source: U.S. Mint
Gold Silver Reports — A new code for precious metals has been created that will apply to all precious metals markets participants and will provide guidance for best practice, the London Bullion Market Association (LBMA) said.
Gold Silver Reports — Gold at risk of taking a tumble as a resurgent dollar erodes demand with the Federal Reserve opting for not one, but two rate increases before the year-end, according to UBS Group AG’s wealth-management unit, which forecasts that bullion may drop back to $1,150 an ounce.
Gold Silver Reports — Venezuela cut its gold reserves by 16 percent in the first quarter, according to data from the International Monetary Fund, as the country’s economic crisis deepened and the government faced concern that it may struggle to honor bond payments.
Gold Silver Reports — Gold sales by retailers in Hong Kong are forecast to experience in 2016 the worst downturn in at least 15 years as fewer mainland shoppers spend less money on jewelry.
