Gold Silver Reports (GSR) – Equities tumbled around the world on reports that the Treasury department will propose limits on Chinese technology investment, straining already tense relations between the world’s two largest economies. Navarro said on CNBC that there were no plans to impose restrictions, sparking a late-day rebound. China and Europe warned the escalating trade war could trigger a global recession.
Nirav Modi in Connection with a Money Laundering Case Related to the $2 Billion Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud
Gold Silver Reports (GSR) — Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud, officials said.
RBI Widens ICICI Bank Probe after Whistleblower Complaints
Gold Silver Reports (GSR) – RBI Widens ICICI Bank Probe after Whistleblower Complaints — India’s banking regulator initiated a second probe into the affairs of ICICI Bank Ltd for allegedly delaying provisioning for stressed loans and so-called loan evergreening, among other wrongdoings, within days of receiving a whistleblower’s complaints on 20 March and 22 March, a fact that the bank was informed of only in early May.
Gold Prices Rise Today on Jewellers’ Buying, Silver Rate Slip
Gold Silver Reports (GSR) – Gold prices edged higher by ₹ 50 to ₹ 31,650 per 10 gram on Monday on increased demand by local jewellers despite a weak trend overseas, reported PTI. Global gold prices edged lower, pressured by a strong US dollar amid prospects of higher interest rates, while global trade worries kept the precious metal supported above a six-month low hit last week.
MCX Natural Gas Price Strong Support ₹194 and Resistance seen at ₹203
Gold Silver Reports (GSR) – MCX Natural Gas Price Strong Support ₹194 and Resistance seen at ₹203 — Natural Gas on MCX settled down -0.74% at ₹199.9 after weekly storage injections topped expectations and the five-year normal for a second straight week.
Commodities Weekly Research Report Prediction and Forecast 25-06-18 To 29-06-18
Trend Sideways ⇒ Sell Gold MCX Between 30820 – 30920, Stop Loss (CBSL) – 31244 Target – 30430 ↔ 30280 ↔ 30080
Trend Sideways ⇒ Sell Silver MCX Between 40350 – 40450, Stop Loss (CBSL) – 41220, Target – 39443 ↔ 38920