19 September 2015

Commodity Market Gold and Silver Tips

Gold rose to a two-week high on Thursday after the Federal Reserve said it held U.S. interest rates steady following a two-day policy meeting, sending the dollar index to a three-week low.The U.S. central bank's decision was a nod to concerns about a weak world economy, saying that an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade. It left open the possibility of a modest policy tightening later this year.
Silver was up 1.8 percent at $15.16 following a 3.5 percent jump in the previous session. The U.S. Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, the U.S. central bank said an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade.

12 September 2015

Weekly Commodity Market News and Tips

MCX Dec Silver futures rose to as high as 35840 in the past session, but failed to hold the gains and fell back into negative zone. Now, 35310 levels will act as an immediate support on downside and on a sustainable break below the same will intact further weakness towards 34650 & 34120 levels.

















5 September 2015

WEEKLY COMMODITY UPDATE

WEEKLY GOLD CHART




















For the day gold futures are expected to continue its range bound trend with negative
bias. There are major ETF holdings are happening as of now as investors are taking cautious approach ahead of non-farm payroll data and US FOMC meeting on 17th Sep 2015. Among the economic releases, we have ADP employment change, nonfarm productivity and factory orders, which are likely to have mixed impact on the market. Overall, gold is expected to remain in range. As on Wednesday morning, comex gold futures are trading on a flat note at $1138.40 per ounce.