Gold Silver Reports ~ India is, apparently, on a spree of imposing import duty on various commodities from steel to other metals and as reports suggest the trend may get extended to gold imports.
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Crude Oil MCX Intraday Trading Level 2450-2650
Gold Silver Reports ~ Crude oil on MCX settled up 3.7% at 2548 rallied to the highest levels in this week boosted by a smaller-than-expected weekly climb in U.S. crude stockpiles,
Fed Statement Reports “Weak” Economic Growth
Gold Silver Reports ~ Gold snapped a three-day losing streak after Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year.
Sunoco Controlling Interest in the firm to Fund the Deal
Gold Silver Reports ~ Energy Transfer Equity (ETE) said on Wednesday that it has no plans to sell its controlling interest in Sunoco LP (SUN.N) even though it has received many queries from potential buyers since acquiring the gas station and convenience store operator in 2012.
Gold Zoom to $1263/oz After Fed statement, Dollar Turns Lower
Gold Silver Reports ~ Gold rallies, Gold rallied 2% to $1,263 an ounce on Wednesday, turning higher after the Federal Reserve indicated that the United States continues to face risks from an uncertain global economy, pressuring the dollar.
FOMC Statement Due to Be Released Tonight, Gold MCX Trade Sideways
Gold Silver Reports ~ European markets are trading higher today owing to less than expected gain in oil stocks. Asian markets are trading mixed and the US stock futures are trading in the green.
Copper MCX Trading Levels 328.50 – 340.50
Gold Silver Reports ~ Copper MCX settled up 0.3% at 335.50 ended flat on Tuesday as a weaker dollar balanced persistent concerns over demand in top metals consumer China and uncertainty ahead of the U.S. Federal Reserve’s policy meeting.