Gold Silver Reports ~ Gold was holding near 8~month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy.
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.
India Gold Kiss Record Highs as Demand Falters
Gold Silver Reports ~ Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month.
Goldman Sachs; No Believer in Gold Rally
Goldman Sachs Group Inc. is no believer in gold’s rally, predicting losses over the coming year as the Federal Reserve increases U.S. interest rates no fewer than three times. Futures dropped.
Global Crude Oil Demand Growth is Likely to Ease Back
Gold Silver Reports ~ Global oil demand growth is likely to ease back considerably to 1.2 mb/d in 2016 due to notable slowdowns in Europe, China and the United States, according to the newly released IEA Oil Market Report (OMR) for February.
All Eye Focus This Week is on FED Chair Janet Yellen
Neal Bhai Reports ~ The focus this week is on FED Chair Janet Yellen’s testimony before the Committee on Financial Services and Committee on Banking, Housing, and Urban Affairs on the 10th and 11th of February.
Gold MCX Trading Rang 28080-28730, Silver MCX 36060-37670
Gold Silver Reports ~ MCX Gold Silver counter may witness some profit~booking at higher levels as rates have raced higher in quick span of time amid safe haven buying.
Crude Oil Rates Supply Overhang Concerns
Gold Silver Reports ~ Crude Oil rates plunged steeply on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.