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Daily Gold MCX Chart Show Level Above 25479 Only Blast Blast Blast Gold Mcx Chart Show Rally upto 25880– 26030 …
Gold Silver Reports – The gold chart for 2015 is undeniably bearish. The failure of support at $1,072 was significant and suggests more downside ahead. That being said, the price appears to be carving out a bottoming pattern and has bounced back above $1,072 several times since the support was initially breached.
Gold Silver Reports:- Outlook The Crude oil market could face many uncertainties heading into 2016, including the pace and volume at which Iranian oil re-enters the market, oil consumption growth, and the responsiveness of non-OPEC production to low oil prices.
“A mix of supply glut, poor demand and changing oil dynamics could keep oil prices under pressure in first quarter of 2016, as countries across the Middle East, Africa and Russia are all pumping oil at record capacity.”
Gold Silver Reports – There are fears of fund outflows after the Fed rate hike, but broking firm Religare believe that the capital outflows from India due to the U.S rate hike may not be as severe as widely projected. As the rate differential between the 10 year G Sec between India and the U.S is at a high figure of 550 basis points, FIIs may not withdraw funds as feared.
Gold Silver Reports – Markets have stepped into a new year barely recovering from the damages suffered in 2015. Most commodities are stll scraping the bottom, while markets are wondering where the silver line is.
Year 2016 will unquestionably unfold a lot of events but at the outset, some prevailing market dynamics will play a crucial role going forward. What are the major forces that will drive the markets in 2015?
Presidential election year politics will disrupt markets, leading to a strong year for physical gold and rare coins in 2016, and a drop in the Dow Jones stock market average, predicts Michael Fuljenz, an award-winning precious metals and numismatic writer and President of Universal Coin & Bullion in Beaumont, Texas (www.UniversalCoin.com).