Gold Silver Reports — India Government has decided to allow States to impose and enforce stock limits to check the price rise in sugar.
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.
Veteran Roche Changes Gold’s Outlook Report
Gold Silver Reports — Gold just picked up another backer in the form of Independent Strategy Ltd.’s David Roche, who says that he’s concerned enough about central banks’ policy making to reverse his bearish position.
Gold Up on Short Covering
Gold Silver Reports — Gold on MCX settled up 0.83% at 29262 as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance.
China’s Speculators Engage Commodities
Gold Silver Reports — The recent spike in speculative trading in commodities in China has stunned global markets, according to Morgan Stanley, which cited a jump in local activity for steel, iron ore and cotton as well as eggs and garlic.
Nickel Intraday Trading Level 618-580
Gold Silver Reports — Nickel prices ended flat as LME nickel ended unchanged at $9,100 a tonne after moving as high during the day to $9,360 a tonne as market sentiment turned more upbeat despite persistent oversupply.
Copper Intraday Trading Level 327-342
Gold Silver Reports — Copper on MCX settled up 1.19% at 334.5 amid optimism that demand is improving in China, the world’s biggest user.
Silver Near Term Target $20/oz
Gold Silver Reports — Silver is now up 25% year to date, versus gold at 18%. Think the momentum could carry silver as high as $20/oz in the near term.