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Gold Silver Reports — Zinc on MCX settled up 0.47% at 138.10 gained tracking LME Zinc prices which has surged as much as 25 percent in 2016 to the highest since July as miners supply less of the ore concentrate that’s refined to produce the metal, just as demand rebounds in China, the biggest user.
Gold Silver Reports — Natural Gas on MCX settled up 6.71% at 173 surged to a nearly 9-month high after weekly data showed stockpiles rose less than expected, stoking expectations that US supplies could be falling at a time of rising demand.
Gold Silver Reports — Gold on MCX settled up 1.04% at 29937 tracking gains from Comex Gold which jumped to their highest since mid-May settled above $1272 the highest since May 18 bolstered by a slumping dollar and expectations the Fed won’t raise interest rates until the jobs market improves.
Gold Silver Reports — Gold’s biggest rally in almost four decades has further to run as weak economies and teetering equity markets drive investor demand for the metal, according to Citrine Capital Management LLC.
Gold Silver Reports — For all the concerns whether the rally in precious metals will last, investors are close to making the biggest bet ever on silver.
Gold Silver Reports – Base metals may witness its recovery as zinc and lead may outperform the pack. Copper may move in the range of 299-309. Lead can hover in the range of 115-117 while zinc can move in the range of 136 -139.
Gold Silver Reports — Crude oil may trade on firm note as it can move in range of 3330-3444. U.S. oil prices rose to a fresh 10-month high Wednesday as traders stayed focused on production outages that could significantly curb the amount of excess global supply by year’s end. High quality global journalism requires investment.