Gold Silver Reports – Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 4.74% to settled at 24092 while prices down 5.6 rupees.
Modi Set to Retain Grip on Home State After Bellwether Vote
Gold Silver Reports – Indian Prime Minister Narendra Modi’s party is set to return to power in his home state, an election that’s considered a bellwether before the national vote in early 2019. Stocks erased the day’s losses.
Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks
Gold Silver Reports – Investors have been underestimating the importance of U.S. economic growth for Federal Reserve policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, according to Goldman Sachs Group Inc.
Commodities Weekly Research Report 18-12-17 To 22-12-17
Trend Down ⇒ Sell Gold MCX Between 28525 – 28625, Stop Loss – 28844 Target – 28030 ↔ 27844
Trend Down ⇒ Sell Silver MCX Between 37850 – 38050, Stop Loss – 38700, Target – 35850 ↔ 35335
Crude Oil Traders Snap Up Bullish Options for $80 Brent Next Year
Gold Silver Reports – Oil traders are increasingly betting that Brent crude will climb to $80 a barrel from the middle of next year, as OPEC and its allies prepare for a second year of output cuts amid simmering geopolitical tensions.
India Silver Imports Seen Extending Rebound From Four-Year Low
Gold Silver Reports – Silver imports by India, one of the world’s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted by weak prices.
Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.