Gold Silver Reports — Natural gas on MCX settled down -0.17% at 175.10 overall prices traded in the range as traders are waiting for weekly inventory that is expected to show a heavy stockpiles which may continue to limit rallies.
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Fed Skips June Increase as Six Officials See One Hike in 2016
Gold Silver Reports — Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing.
Gold Average $1221 in 2016 Forecast by Macquarie
Gold Silver Reports — Banking firm Macquarie has lifted its 2016 gold forecast but decided to keep it below spot price. Gold is likely to average $1,221 in 2016 and $1,251 in 2017, according to the latest forecast by Macquarie.
Gold MCX Volatile Movement, Level 30270-30730
Gold Silver Reports — Gold may witness volatile movement as investors will look forward to the outcome of FOMC meeting later today. Meanwhile movement of local currency rupee will give further direction to the prices.
Natural Gas MCX Strong Bullish, Level 171-179
Gold Silver Reports — Crude oil may open on negative path tracking profit booking at higher levels as EIA weekly inventory data to give further direction to the prices. Overall it can move in range of 3200-3300.
Gold Fix Near 5-Week High as Brexit Concerns
Gold Silver Reports — The yuan extended losses from a 5-year low, dragged down by MSCI Inc.’s decision to leave Chinese stocks out of its benchmark indexes.
Why George Soros is making big bets on Gold?
Gold Silver Reports — This week George Soros once again came out with his very large directional “bets” for the S&P 500 and for gold and, needless to say, Mr. Soros is once again shorting the S&P and buying gold and gold miners, joining Ray Dalio, Stanley Druckenmiller and Michael Ballanger (just-kidding) in a decidedly unpopular stance. Carl Icahn came out in agreement during a CNBC interview this week that left the interviewer near-speechless and groveling in the mud of anti-Wall Street rhetoric.