Neal Bhai Reports ~ Gold settled up 0.37% at 27524 as a mixed U.S. jobs report prompted investors to reassess the outlook for U.S. interest rates this year,
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Bullion Profit Booking at Higher Levels
Neal Bhai Reports ~ Bullion Profit Booking at Higher Levels can be seen later today. Furthermore movement of local currency rupee can give direction in MCX.
Base Metals Sideways Rang, Copper and Nickel
Neal Bhai Reports ~ Base metals may remain sideways as China markets are closed due to lunar year holidays. Copper maytrade in range
Gold Spot Fall as U.S. Jobs Data
Gold Silver Reports ~ Gold Spot slipped on Monday from near a 3~month top hit the session before, after a solid U.S. jobs report strengthened the dollar and potentially boosted the chance of rate hikes this year.
Gold Price Zoom After Mixed U.S. Jobs Data
Gold Silver Reports ~ Gold zoom to a 3 month high in volatile trade on Friday, as a mixed U.S. jobs report prompted investors to reassess the report for U.S. interest rates this year, putting bullion on track for its strongest weekly performance in more than a year.
Gold Uptrend to Start For The Year of 2016-2017
Gold Silver Reports ~ We have been predicting for months that the FED would not be able to raise rates as aggressively as the market was expecting. Thus, we have been long gold and mining stocks believing that a reset in expectations for how fast the FED would raise rates would be bearish for the USD and bullish for gold.
Crude Oil and Natural Gas Losing Money
Gold Silver Reports ~ In today’s tough price environment where most oil and gas juniors are losing money, a strong balance sheet is the key to survival, says Brian Bagnell.