Gold Silver Reports – Silver settled down -0.06% at 37207 down as prices struggled for direction swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.
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.
Crudeoil Rallie Start after faceing Issues for U.K. Crudeoil, U.S. Gasoline Demand
Gold Silver Reports – Crudeoil rallied as much as 3% on Wednesday with Brent prices helped by news of stalled loadings for the United Kingdom’s North Sea oil while U.S. crudeoil futures rose after strong demand for gasoline offset worries about record high crude inventories.
Gold Zoom Jumps Above $1250/oz
Gold Silver Rports – Gold zoom above $1250 an ounce and neared a 1-year high on Wednesday, acting as counter against risk alongside top-rated government bonds as oil’s earlier weakness rippled into global equity markets.
Gold the ‘Superman’ May Fly Up to $1400: Economist Barnabas Gan
Gold Silver Reports → Gold may rally to as much as $1,400 an ounce should risk aversion intensify, who dubbed bullion a “superman” when Flying his report for 2016.
Crude Oil Slip as Iranian Minister Calls Freeze Proposal `Ridiculous’
Gold Silver Reports → Crude Oil tumbled after the Iranian Oil Minister said that an agreement by Saudi Arabia and Russia last week for crudeoil producers to freeze output was “ridiculous.”
India’s Gold Imports Hit 2-Year Low: Gold Up or Down?
Gold Silver Reports – In a relief to the government, India’s Gold imports are likely to reduce to over two-year low in February . Industry experts told Reuters that surge in prices and hopes of import tax cuts are what keep the buyers away.
Asian Stocks Up on Commodity Recover
Gold Silver Reports → Asian shares rose to a seven-week high on Tuesday as investors took heart from signs of life in battered energy and commodity markets while European currencies are hampered by worries Britain could exit the European Union.