Commodity: A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.
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Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices
Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious metals traders for Bank of America Corp.’s Merrill Lynch unit show one of them, Edward Bases, bragging about how easy it was to manipulate prices.
Buy Spot Gold Above $1750 Target Price $1775—$1792 | Neal Bhai
The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.
Oil Heading for Seventh Weekly Advance With WTI Nearing $80
Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia.
India Has a Love-Hate Relationship With Gold | Gold Silver Reports
India has a love-hate relationship with gold. Indians love gold. Indian policymakers hate that they love it.
An estimated 24,000 tonnes of gold lies unused with Indian households and religious institutions, according to a 2018 report by the NITI Aayog. From time to time, efforts have been made to bring this gold into the productive economy — from gold monetisation schemes to gold bonds and now the gold stock exchange.
Copper MCX Tips Today | All Target Hit 715.60 to 709 | Neal Bhai MCX Guru
Copper MCX Tips Today: घरेलू हाजिर बाजार की कमजोर मांग के बीच कारोबारियों ने अपने सौदों की कटान की जिससे वायदा बाजार में मंगलवार को तांबा वायदा भाव 0.35 प्रतिशत गिरावट के साथ 716.65 रुपये प्रति किलो रह गया।
MCX Natural Gas Tips Today: 440.30 To 447.30 | Neal Bhai Reports
MCX Natural Gas yesterday settled up by 3.48% at 433.7 on forecasts power generators will burn more of the fuel this week than previously expected and as record global gas prices keep demand for more U.S. liquefied natural gas (LNG) exports strong.