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Showing posts with label Gold tips. Show all posts
Showing posts with label Gold tips. Show all posts

Tuesday, 22 May 2018

mcx tips , Best Commodity Tips, best equity tips, Best Intraday Tips, Commodity Tips, gold Tips , Intraday commodity tips

Gold Prices Little Changed Amid Firmer Dollar -   Gold prices were little changed on Wednesday as the dollar held on to gains after climbing to a fresh new high this year on Monday. Investors now turn their attention to the Federal Reserve’s minutes that will come on Thursday in Asia to look for cues for rate hikes. The dollar was also supported by the continued rise of U.S. 10-year Treasury yields that hit 3% recently and expectations for interest rates. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal. Although not a major directional driver, geopolitical tension was in focus as U.S. President Donald Trump casted doubt on the upcoming historic summit with North Korea in June. “There’s a chance, a very substantial chance, it won’t work out,” Trump said during a meeting with South Korean President Moon Jae-in on Tuesday. “I don’t want to waste a lot of time and I’m sure he doesn’t want to waste a lot of time. So there’s a very substantial chance it won’t work out and that’s OK. That doesn’t mean it won’t work out over a period of time.”

 Copper rose with prices underpinned as the chance of a U.S.-China trade war appeared to fade - Copper on MCX settled up 0.89% at 472 gained on fresh buying tracking international maraket where Shanghai Copper hit a one-week high, with prices underpinned as the chance of a U.S.-China trade war appeared to fade. Shanghai lead futures jumped 3.6 percent to their highest since October, tracking last session’s gains on the London Metal Exchange. Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Support also seen after the number from China showed China’s economy likely expand by around 6.7 percent in the second quarter this year, the State Information Center said on Saturday. Copper was also supported by trouble at a Vedanta Resources-controlled copper smelter in southern India, where at least nine people were killed on Tuesday after police fired at protesters calling for the plant's closure.

Oil Prices Dip With Possible Easing of OPEC Supply Curbs - Oil prices edged lower on Wednesday morning in Asia, as markets considered the possibility of higher output from the Organization of the Petroleum Exporting Countries (OPEC).OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far. Concerns about a potential drop in Iranian oil exports following Washington’s exit from a nuclear arms control deal with Tehran have driven prices to multi-year highs. U.S. sanctions against Iran, which currently produces 4% of global oil supplies, may cause shortages later this year when trade restrictions take effect. On Monday, the U.S. demanded Iran make sweeping changes - from dropping its nuclear program to pulling out of the Syrian civil war - or face severe economic sanctions.Tehran dismissed Washington’s ultimatum.


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Friday, 29 December 2017


Best Commodity Tips, Gold tips
Gold hit a one-month high on Friday and stayed on track for its biggest annual rise since 2010 as a wilting dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally.
The dollar, in which gold is priced, is sliding towards its worst year since 2003, hurt by tensions over North Korea, the Russian scandal surrounding U.S. President Donald Trump's election campaign, and persistently low U.S. inflation.
The dollar's drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest level since late November, within a few dollars of $1,300 an ounce.
Spot gold was up 0.2 percent at $1,296.76 an ounce at 1040 GMT, off a peak of $1,297.58. U.S. gold futures for February delivery were up $1.60 an ounce at $1,298.80.
Gold will be vulnerable next year to a rebound in the currency, as well as any gains in yields, she said. The opportunity cost of holding non-interest bearing bullion increases when yields rise elsewhere.
Gold, which is also on track for its best month since August, has also benefited of late from technically driven momentum

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