Gold Silver Reports — Gold’s biggest rally in almost four decades has further to run as weak economies and teetering equity markets drive investor demand for the metal, according to Citrine Capital Management LLC.
The Biggest Bet Ever on Silver
Gold Silver Reports — For all the concerns whether the rally in precious metals will last, investors are close to making the biggest bet ever on silver.
Copper MCX Trading Level 299-309, Lead Level 115-117
Gold Silver Reports – Base metals may witness its recovery as zinc and lead may outperform the pack. Copper may move in the range of 299-309. Lead can hover in the range of 115-117 while zinc can move in the range of 136 -139.
Crude MCX Intraday Trading Level 3330-3444 , Natural Gas 161-168 Level
Gold Silver Reports — Crude oil may trade on firm note as it can move in range of 3330-3444. U.S. oil prices rose to a fresh 10-month high Wednesday as traders stayed focused on production outages that could significantly curb the amount of excess global supply by year’s end. High quality global journalism requires investment.
Central Banks Buy Everything
Gold Silver Reports — At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.
No matter that the U.S. labor market is deteriorating and the World Bank has just cut its estimates for global economic growth. Investors either don’t believe the news is bad enough to kill a global recovery that’s already long in the tooth, or they’re betting that sluggishness in some of the biggest economies means central banks will stay more accommodative for longer.
Gold Technically Market is Getting Support at 29120
Gold on MCX settled down -0.29% at 29366 down slightly from Monday’s 2-week high as unable to extend recent gains amid uncertainty over the Fed’s rate hike report.