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Published on 18/06/2019 10:42:06 AM | Source: Kedia Commodity Ltd

Buy Gold Aug 2019 @ 32950 SL 32800 TGT 33100-33250.MCX - Kedia Commodities

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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Gold

* Gold trading range for the day is 32762-33270.

* Gold prices gained as political tensions in the Middle East and weak economic data from China and the United States pushed it above $1,350.

* The Federal Reserve will likely cut interest rates this year but not nearly as aggressively as investors expect.

* Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases.

* Gold production in Russia for the first four months of this year rose to 78.29 tonnes from 70.67 tonnes in the same period a year earlier, Russia's finance ministry said.

BUY GOLD AUG 2019 @ 32950 SL 32800 TGT 33100-33250.MCX

 

Silver

* Silver trading range for the day is 36797-37397.

* Silver dropped as prices pared gains after economic data gave a solid reading on the economy, dampening hopes for a looser monetary policy from the Federal Reserve.

* Earlier prices rallied as renewed trade tensions, underwhelming Chinese industrial output data dented investors' appetite for risk.

* Recent soft U.S. economic readings have also boosted expectations of a Fed rate cut.

* U.S. retail sales increased in May and sales for the prior month were also revised higher, providing a more upbeat reading of consumer spending.

BUY SILVER JUL 2019 @ 37000 SL 36800 TGT 37350-37550.MCX

 

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