Gold Silver Reports — 10-Year Bond yield hits over 14-week high, rupee strengthens slightly against US dollar — India’s 10 year-bond yield on Wednesday hit over 14-week high after consumer price inflation accelerated for the second consecutive month, while the rupee strengthened marginally against the US dollar tracking gains in its Asian peers.
Oil up on OPEC output Decline; U.S. Refinery Restarts
Gold Silver Reports — Oil up on OPEC output Decline; U.S. Refinery Restarts — Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal to reduce the global crude glut.
China Gold Firms Pursue $1.5 Billion Indonesia Mine
Gold Silver Reports — China Gold Firms Pursue $1.5 Billion Indonesia Mine – Shandong Gold Group, one of biggest Chinese miners of the metal, is among firms considering bids for EMR Capital’s Indonesian gold and silver mine, people with knowledge of the matter said.
Sensex closes 276 points up, Nifty rises, Tata Steel, Sun Pharma top gainers
Gold Silver Reports — Sensex closes 276 points up, Nifty rises, Tata Steel, Sun Pharma top gainers — Market brimmed with confidence on Tuesday as the Sensex breached the 32,000 mark again by climbing 276 points to bring up a nearly one-month closing high, with the focus clearly on key macroeconomic data. The broader NSE Nifty scaled a high of 10,097.55 before closing up 87 points,or 0.87%, at 10,093.05, the highest closing since 1 August when it settled at 10,114.65.
India Consumer Prices Rise 3.36%, More Than Forecast
Gold Silver Reports — India Consumer Prices Rise 3.36%, More Than Forecast — India’s August inflation rate accelerated to the fastest since March, exceeding expectations ahead of the central bank’s policy review in October.
Commodities Weekly Research Report 11-09-17 To 15-09-17
Trend Up ⇒ Buy Gold MCX Between 29850 – 29950, Stop Loss – 29600 Target – 30525 ↔ 30730
Trend Up ⇒ Buy Silver MCX Between 40600 – 40800, Stop Loss – 40010, Target – 42240 ↔ 42610
Gold Rallies to a One-Year High and Spurs Record Trading Volume
Gold Silver Reports — Gold Rallies to a One-Year High and Spurs Record Trading Volume — Gold has pulled in traders like never before on its way to the highest price in a year. Volume on the Comex in New York, the largest bullion futures exchange, hit a record in August as North Korean tensions and a weaker dollar boosted demand for the metal.