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Gold Silver Reports – Crude Oil MCX Locked in Sideways Range Between 3630—3758 – Crude Oil on MCX settled up 0.49% at 3716 rose as the dollar index declined for the third consecutive session, following an array of data from the US, the world’s largest energy consumer, including the EIA inventory report, and ahead of the final Congress vote on the massive US tax reform bill.
Gold Silver Reports – Silver MCX Buy on Dips, Silver Trading Zone between 37210—37970 – Silver on MCX settled up 0.68% at 37646 amid ongoing dollar weakness as House Republicans prepared to re-vote on the tax bill following a technical snafu. The dollar index slipped for the third consecutive session, following a basket of data from the US, the world’s largest economy, and ahead of the final Congress vote on the massive US tax reform bill.
Gold Silver Reports – Surge in U.S. Shale Hedging to Boost Drilling in 2018 – When oil prices rocketed toward $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the quarter than in at least three years, which could help propel the country to record crude production by next year.
Gold Silver Reports – Gold Prices Edge up on Global cues, Jewellers’ Buying – Gold prices inched up by Rs10 to Rs29,700 per 10 gram at the bullion market on Thursday on firm trend overseas amid scattered buying by local jewellers. Silver also rebounded by Rs105 to Rs38,280 per kg, backed by increased offtake by industrial units and coin makers.
Gold Silver Reports – Crude Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system.
Gold Silver Reports – Gold prices surged by Rs175 to Rs29,700 per 10 grams at the bullion market on Tuesday, driven by a firm trend overseas amid fresh buying by local jewellers. Silver prices also went up by Rs150 to Rs38,250 per kg due to increased offtake by industrial units and coin makers.
Gold Silver Reports – Technically MCX Natural Gas market is getting support key level at 169 and below same could see a test of 165 level, And resistance key is now likely to be seen at 183, a move above could see prices testing 188 level.