Gold Silver Reports (GSR) – MCX Aluminium Under Big Liquidation, Buy Any Dips Ready for Big Target – Aluminium on MCX settled down -1.48% at 149.75 on profit booking but prices gained by 12.59% on weekly basis after the United States imposed sanctions on Russia’s UC Rusal.
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Commodities Weekly Research Report 16-04-18 To 20-04-18
Trend Sideways ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30501 Target – 31480 ↔ 30610
Trend Sideways ⇒ Buy Silver MCX Between 38450 – 38550, Stop Loss (CBSL) – 37333, Target – 39380 ↔ 40440
Commodities has Rarely Been Stronger, According to Goldman Sachs
Gold Silver Reports (GSR) – Commodities has rarely been stronger, according to Goldman Sachs Group Inc. With raw materials rallying on escalating political-tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view that commodities will yield returns of 10 percent over the next 12 months, according to an April 12 note.
Rupee Weakens Against U.S. Dollar
Rupee Weakens Against U.S. Dollar — Rupee opened lower at 65.33 per dollar against U.S. dollar against yesterday’s close of 65.30.