Real Time MCX Weekly Research Report By Neal Bhai Get our expert opinion on short term outlook on commodities based on technical analysis. Weekly commodity insights and forecast.
MCX Forecast Dated: 26 November 2018 To 30 November 2018
Gold Silver Reports (GSR) – “We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth,” the document reads.”We expect gold prices to continue to head higher, averaging USD1,275/oz in 2018 and USD1,400/oz by 2022,” it adds.
Crude Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, …
For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule.
The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in Buenos Aires in a meeting that may well decide the direction of oil prices in 2019.
Gold Silver Reports (GSR) – For some banks, this burgeoning affluence brightened an otherwise dreary postcrisis landscape. Giants including UBS, Morgan Stanley, and Bank of America seized the opportunity. With trading desks hamstrung by a flurry of new rules, banks set out to woo the growing ranks of the super rich.
Gold Silver Reports (GSR) – Silver, too, slumped by Rs 500 to Rs 37,300 per kg owing to reduced demand from industrial units.
Gold Silver Reports (GSR) – Gold Prices Fall to 6 Week Low in India – Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season, when buying the metal is considered auspicious.