Gold Silver Reports — Zinc prices are holding steady, continuing to do better than other non-ferrous metals such as copper and aluminium. Sharp tightening in supply appears to be the main reason.
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Gold Hit Biggest Loss in 4 Weeks
Gold Silver Reports — Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied.
Global Economy is Pretty Poor with China as an issue: Gold Zoom
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.
Copper MCX Trading Level 299-309, Lead Level 115-117
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.
Copper MCX May Trading Levels of 308-316
Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.
Output in Chile Copper Mines Decreased 8.2 Percent
Gold Silver Reports — Heavy rains have hit the copper output in Chile, the world’s top producer. Output in April has dropped as heavy rains hit some mines in the country’s central regions and ore grades are also declining, according to the Government.
Base metals may remain downbeat on China
Gold Silver Reports — Base metals may remain downbeat on China slowdown concerns .Copper may move in the zone of 305-315.