Gold Silver Reports ~ Crude MCX settled down -1.72% at 2457 extending losses as a monthly report from OPEC provided further signals of a widening gap between supply and demand on energy markets worldwide.
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Copper MCX Trading Levels 328.50 – 340.50
Gold Silver Reports ~ Copper MCX settled up 0.3% at 335.50 ended flat on Tuesday as a weaker dollar balanced persistent concerns over demand in top metals consumer China and uncertainty ahead of the U.S. Federal Reserve’s policy meeting.
Gold Bulls can be Temperamental and Unpredictable
Gold Silver Reports ~ The gold bull is back. After trending downward for more than four years, gold prices have broken out to the upside with a gain of more than 20% off their December lows.
Base Metals Trand Sideways on Mixed Fundamentals
Gold Silver Reports ~ Base metals may trade sideways on mixed fundamentals. Copper MCX may trade in range of
Gold Spot above $1283.30 Target $1292 to $1333
Keep Eye Gold Spot $1283.30 Level, If Hold and Close Above 1283.30 We See Blast, Target $1292 to $1333 Levels.
Aluminium Price Up on Short Covering
Gold Silver Reports ~ Aluminium on MCX settled up 0.75% at 107.4 driven by expectations for demand recovery in Chinese aluminum market.