As we are now officially kicking off a holiday week, actually two with New Years coming up, gold is trying to break above an important threshold. Not an ideal time for this to happen, but if it comes with some push then perhaps as the calendar flips to 2020 it will gain meaning.
Mcx Live?
Gold Smuggling on the Rise as High Prices Boost Appeal in India
Surging gold prices in India are keeping customs officials on their toes. Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September.
Is There More Hurt Ahead for Natural Gas or Can It Heat Up?
Future prices for natural gas “fell to a one-month low on Friday after plunging more than 12% for the week. The commodity Natural Gas is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019.”
Natural Gas Strong production combined with a much warmer outlook over next couple of weeks puts bears in firm control of the market
Until more convincing cold starts showing up in the models, downside risk will outweigh upside potential.
MCX Natural Holding Call : Buy And So Jaao, Ultimate Target – 207—224— 245 – Neal Bhai
Natural Gas prices rebounded in yesterday’s session settled at 184.70 up by +0.49% following a larger than expected draw in natural gas inventories according to a report from the Department of Energy.
MCX Silver Target : 2020 में चांदी होगी ₹54,000 —₹56,000 के पार
इस साल चांदी (Silver) में 23 फीसदी की तेजी दर्ज आ चुकी है. जानकार बताते हैं कि चांदी में अभी और तेजी देखने को मिलेगी और अगले 5-6 महीने में चांदी ₹54,000 — ₹56,000 रुपये/किलोग्राम के पार चली जाएगी.
Spot Gold Eases as Trade Talk Cheer Buoys Risk Appetite – Gold Silver Reports
Gold prices declined in domestic futures trade on October 22 as progress in trade talks between the Washington and Beijing lifted risk-on sentiment.