Gold Silver Reports ~ Gold retreated from nine-week highs on Friday amid a stronger dollar, as China halted a week-long equity rout and a mixed U.S. jobs report provided further ambiguity on the timing of the Federal Reserve’s next interest rate hike.
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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.
Asian Gold Market Continues To Expand
Gold Silver Reports – The current bear run of gold has been the main topic of discussion in 2015. The crucial question no is whether it will continue in 2016. The World Gold Council(WGC)says there are important conditions that are likely to make 2016 different from 2015.
China to Start Yuan Based Gold Price Fix in April
Gold Silver Reports – China has been quietly accumulating a significant amount of gold bullion in recent years. They are now the top producer and top consumer of gold in the world. They are believed to keep all of their domestic production, plus import significant amounts from other nations. In addition, they have been buying up gold mines around the globe at steep discounts and bringing home gold they had stored in London, New York and Switzerland.
India is One of The Top Consumers of Gold
Gold Silver Reports – India is one of the top consumers of Gold thanks to the people’s unrelenting love for the yellow metal. But, the country lacks a solid regulator to monitor the decisions taken about Gold. The idea of a National Gold Board is currently being mooted.
Crude Oil Futures Reach New Record High
Gold Silver Reports – The Tokyo Commodity Exchange’s average daily volume for December 2015 was 101,127 contracts, up 0.3% from November 2015. Volume for Gold standard and Gold Daily futures, TOCOM’s most active contracts, were both down.
PM Modi Discussions With Global Oil and Gas Experts
Gold Silver Reports – Indian PM Modi discussions with global oil and gas experts to see how India can improve its prospects in the sector. Modi stressed on his vision for a fresh look at the sector, to bring in investment, technological upgradation, and development of human resource.
Global Glut As Crude Oil Declines
Gold Silver Reports – Oil fell, erasing an earlier gain, as a global glut outweighed an increase in tension between Saudi Arabia and Iran.
The Saudi government cut ties with Iran following an attack on its embassy in Tehran by demonstrators protesting the execution of a prominent Shiite cleric. Prices last week capped the biggest two-year loss on record amid speculation a global glut will be prolonged as U.S. crude stockpiles expanded and the Organization of Petroleum Exporting Countries abandoned output limits.