Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.
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Silver-Gold Prices Up on Global Cues, Silver Kiss Top Rs 41000
Gold Silver Reports (GSR) – Silver prices reclaimed the Rs41,000-mark by surging Rs250 per kg backed by increased offtake by industrial units and coin makers. Rising for the second straight day, gold prices edged higher by Rs10 to Rs31,870 per 10 grams at the bullion market today on persistent buying by local jewellers amid a firm trend overseas.
India Gold Imports Are Said to Have Slumped for Fifth Month
Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.
MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst
Gold Silver Reports (GSR) – MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst – The monthly decline in factory orders is likely to be temporary amid reports of strong manufacturing conditions in May. Investor morale in the euro zone deteriorated for the fifth month in a row in June to its lowest level since October 2016, hit by concerns about an anti-establishment government taking power in Italy and a trade dispute with the US. Key factors to watch today include China Caixin services purchasing managers’ index (PMI) in May, Eurozone retail sales in April and US ISM nonmanufacturing PMI in May.
Multi Commodity Exchange (MCX) INDIA
Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India’s largest commodity derivatives exchange where the clearance and settlements of the exchange happens and the turnover of the exchange for quarter ended December 2017 was 12.82 trillion rupees. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others).
MCX Sees Record Turnover, Volumes in Gold Options
Gold Silver Reports (GSR) – MCX Sees Record Turnover, Volumes in Gold Options — Multi Commodity Exchange of India Ltd (MCX) witnessed a record turnover and volume of Rs 2,021 crore and 6443 kilograms (kg) respectively on Tuesday in gold options contract, according to a release issued by the exchange.
MCX Gold, LEAD and Crude Pani Pani Ho Gaya kya Bola Tha Sell karo And So Jaao Watch Power of Level
“PARTY TIME – PARTY TIME – PARTY TIME – PARTY TIME“ MCX Gold Tips — Gold MCX CMP @31464 Sell With Stop Loss and Hold For Big Target, Gold Tips By Neal Bhai MFA Technical Analyst MCX Gold — 31464 TO 30915 = 549 Points Big Panic Enjoy or Not MCX Lead Tips — Lead …
Gold Prices surge Rs350 on Global Cues, High Demand; Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices climbed by Rs350 to Rs 32,475 per 10 gram at the bullion market on Friday, extending its rising streak for the fourth straight day largely on firming trend overseas amid persistent buying by local jewellers.
Gold Prices Zoom on Donald Trump Decided to Terminate the Planned Summit in Singapore on June 12th
I have decided to terminate the planned Summit in Singapore on June 12th. While many things can happen and a great opportunity lies ahead potentially, I believe that this is a tremendous setback for North Korea and indeed a setback for the world… pic.twitter.com/jT0GfxT0Lc
— Donald J. Trump (@realDonaldTrump) May 24, 2018