Gold Silver Reports (GSR) – Gold rates held steady on Tuesday, hovering near a three-month high hit in the previous session, as global slowdown worries driven by trade conflicts amid expectations of a US interestrate cut stoked investors towards the safe haven bullion.
mcx live
USD/CNY consolidates around 6.9050 Mark, People’s Bank of China sets Yuan mid-point at 6.8822
We prefer to take short position on USD/CNY only below 6.8976, stop loss 6.92 and target of 6.8525.
It made intraday high at 6.9087 and low at 6.8976 levels.
Base Metal Tips – MCX Lead Trading Call – Sell Lead Target 144—139 -04/June/2019 – Neal Bhai Reports
LIVE FUTURES REPORT 04/06: Weak dollar, positive fundamentals push SHFE copper up by 0.4%
Copper outperformed its peers on the Shanghai Futures Exchange with an uptick of 0.4% during morning trading on Tuesday June 4, with a sharp fall in the dollar overnight providing support to the red metal.
Spot Gold Above $1,315 Target $1,321-$1,330, Gold Two Month High as Global Tensions Bolster Safe Haven Demand
Spot gold was up 0.7% at $1,314.20 per ounce at 1012 GMT, after touching its highest since March 27 at $1,315.59. “Safe-haven buyers are coming back to gold again, due to tariff-talks, which is encouraging for the metal,” said Ross Norman, chief executive at Sharps Pixley.
MCX Live Commodities Weekly Technical Research Report 27 — 31 May 2019 – Neal Bhai Reports
MCX Live Commodities Weekly Technical Research Report 27 — 31 May 2019 By Neal Bhai Reports (NBR)
Salzer Electronics to Buy 72% stake in Kaycee Industries in All Cash Deal
Gold Silver Reports (GSR) – Salzer Electronics Limited, which offers electrical solutions, on Monday signed a deal to acquire a 72.32 per cent stake in Kaycee Industries Limited in an all cash deal. Salzer will make an offer to purchase a 26 per cent additional stake from public for a total equity value of Rs 22 crores.
Physical Gold Prices Up On Jewellers’ Buying
Gold Silver Reports (GSR) – Physical Gold prices rose by Rs. 200 to Rs. 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.