Neal Bhai Reports ~ Gold Up to near its highest since June on Tuesday, as Uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.
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.
Gold Prices Soar to 8 Month High Amid Flight to Safety
Gold Silver Reports ~ Gold prices soared to the highest level since June in North America trade on Monday, as retreating oil prices and steep declines in global equity markets underpinned demand for assets perceived as safer.
Gold Ready For Fresh Buying, Open Interest Up
Neal Bhai Reports ~ Gold settled up 0.37% at 27524 as a mixed U.S. jobs report prompted investors to reassess the outlook for U.S. interest rates this year,
Bullion Profit Booking at Higher Levels
Neal Bhai Reports ~ Bullion Profit Booking at Higher Levels can be seen later today. Furthermore movement of local currency rupee can give direction in MCX.
Gold Spot Fall as U.S. Jobs Data
Gold Silver Reports ~ Gold Spot slipped on Monday from near a 3~month top hit the session before, after a solid U.S. jobs report strengthened the dollar and potentially boosted the chance of rate hikes this year.
Gold Price Zoom After Mixed U.S. Jobs Data
Gold Silver Reports ~ Gold zoom to a 3 month high in volatile trade on Friday, as a mixed U.S. jobs report prompted investors to reassess the report for U.S. interest rates this year, putting bullion on track for its strongest weekly performance in more than a year.
Gold Uptrend to Start For The Year of 2016-2017
Gold Silver Reports ~ We have been predicting for months that the FED would not be able to raise rates as aggressively as the market was expecting. Thus, we have been long gold and mining stocks believing that a reset in expectations for how fast the FED would raise rates would be bearish for the USD and bullish for gold.