Gold Silver Reports – (GSR) – MONSOON UPDATE For Indian Market – Conditions are becoming favourable for pre-monsoon thunderstorm activity over parts of northwest India from June 27, IMD’s Additional Director General Mritunjay Mohapatra said. Central India and the north Indian plains, that have been witnessing a rise in temperatures, are likely to get some relief in the next two to three days.
Gold Extends Gains on Jeweller Buying, Positive Global Cues
Gold Silver Reports (GSR) – Gold Extends Gains on Jeweller Buying, Positive Global Cues – In the national capital, gold of 99.9% and 99.5% purity added ₹15 each to ₹31,600 and ₹31,450 per ten gram, respectively………..It had gained ₹15 yesterday. Sovereign gold, however, remained unaltered at ₹24,800 per piece of 8 gram.
Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns
Gold Silver Reports (GSR) – Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns – Gold prices posted an outside weekly reversal off resistance off yearly open resistance earlier this month with the subsequent decline now approaching a series of parallels which could offer some near-term support. The region of interest is $1255/60. Keep in mind that weekly momentum has fallen to its lowest levels since January 2017 and further highlights the downside risk for bullion.
Trade Is an Afterthought in Stock Market Still Glued to Earnings
Gold Silver Reports (GSR) – Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics.
Crude Oil Bounces as OPEC Adopts Underwhelming Production Increase
Gold Silver Reports (GSR) – Crude Oil jumped the most since late 2016 after OPEC adopted a smaller-than-expected production increase. – Futures advanced 4.6 percent in New York on Friday to close above $68 a barrel for the first time this month. Although the OPEC-led group of 24 major oil producers approved a 1 million barrel boost to daily output, several cartel members said the actual increase will only reach 700,000 because some nations are incapable of pumping more crude.
OPEC Reaches Deal to Raise Oil Output From July Onward
OPEC Reaches Deal to Raise Oil Output From July Onward – OPEC Is Said to Have Deal in Principle With Iran for Output Hike – West Texas Intermediate (WTI), futures on NYMEX, finds a temporary support near $62.00 during Wednesday’s Asian session after sliding almost 4.40% in last two trading days. The Oil price gets a provisional relief after the OPEC+ denied speculation regarding the announcement of a multi-fold hike in Oil production in its upcoming meeting on Sunday.

