Gold Silver Reports – Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks.
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.
Natural Gas MCX Range 107 to 117
Gold Silver Reports – Natural gas on MCX settled down -3.12% at 111 as warmer temperatures in the Northeast and Midwest last week cut demand for natural gas sharply.
CEO Expects Gold Trade $1000-$1400/oz For Next 5 Years
Gold Silver Reports – The head of Randgold Resources Ltd. says the rebound in bullion prices this year could be doing more harm than good for the companies that produce the precious metal.
WTI Crudeoil Prices Traded Higher By 0.8 Percent
Gold Silver Reports – WTI oil prices traded higher by 0.8 percent to close at $34.7 per barrel on Wednesday as Reuters reported that Saudi Arabia had reached out to banks to raise the possibility of arranging a loan for the country, a potential sign that continued low oil prices are weighing on its finances.
Jewelers Shops Close in Mumbai’s Zaveri Bazaar, Excise Tax Protest
Gold Silver Reports – Jewelry shops across India, the world’s biggest market after China, will shutter for three days starting Wednesday in a bid to reverse plans by Prime Minister Narendra Modi to impose a 1 percent excise duty, according to the All India Gems & Jewellery Trade Federation.
Aluminium Import Duty Hikes to 7.5%: Jaitley
Gold Silver Reports – Metal sector bleeding from rising production cost, weak demand and cheap import from China are upset at the Budget as the plea from Aluminum Industries to increase import tariff to double from 5% to 10% to support the local players have gone unheard.
Crudeoil Up as Saudis to Work With Producers
Gold Silver Reports -Crudeoil Up as Saudis to Work With Producers to curb market fluctuations and China’s central bank stepped up efforts to support the economy.