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Published on 25/06/2019 10:02:33 AM | Source: Kedia Commodity Ltd

Buy Gold Aug 2019 @ 34000 SL 33850 TGT 34320-34560.MCX - Kedia Commodities

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

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Gold

* Gold trading range for the day is 34169-34611.

* Gold prices gains as prospects for easier monetary policy from the Federal Reserve and other central banks boosted inflows into the precious metal.

* Gold has been gaining since the Fed indicated at its meeting last week that it could cut interest rates, possibly as soon as next month.

* Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 18, the U.S. CFTC said.

* Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and Singapore saw demand rise.

* BUY GOLD AUG 2019 @ 34000 SL 33850 TGT 34320-34560.MCX

 

Silver

* Silver trading range for the day is 37800-38328.

* Silver ended with gains as a weaker dollar and heightened tensions between the United States and Iran underpinned the precious metal.

* While U.S. President Donald Trump said he was not seeking war with Tehran, U.S. Secretary of State Mike Pompeo said "significant" sanctions on Tehran.

* US home sales jumped 2.5% in May, as lower mortgage rates appeared to help buyers overcome affordability challenges.

* The focus now shifts to whether Washington and Beijing can resolve their trade dispute at a summit in Japan of leaders from the Group of 20 leading world economies.

* BUY SILVER JUL 2019 @ 37700 SL 37550 TGT 37980-38450.MCX

 

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