Today's Profitable Trading Call by TradeIndia Research
CALL: SELL TURMERIC DEC
- BELOW 6900,
- SL ABOVE 6981.
Gold and Silver spot costs were trading higher on Tuesday morning as investors secured shorts after a recent descending rally. Investors will anticipate host of information today evening time for further signs.
Join Free MCX Tips service with accuracy
Gold fell for the third straight session on Monday, achieving a 5-1/2-month low as the dollar and Treasury yields reinforced on desires that President elect Donald Trump will support U.S. spending.
The market pared losses as the greenback and yields fell off their sharp highs.
The market is currently betting on the Federal Reserve raising interest rates more rapidly. Higher U.S. interest rates could lift the chance cost of holding non-interest bearing gold, compelling the cost of bullion.
Hedge funds and money managers raised their net long position in COMEX gold for the third straight week in the week to Nov. 8, and expanded it somewhat in silver, U.S. Commodity Futures Trading Commission information appeared.
Indian Bullion costs stayed mixed, with gold closure with profits and silver costs crashing more than 2.5% on Monday. We offer commodity tips on mobile by experts.
GOLD – SILVER SPOT RATIO
The gold/silver proportion, which measures the quantity of silver ounces expected to buy an ounce of gold, fell on Tuesday morning. The gold/silver proportion was trading at 71.92 ounces contrasted and 72.26 ounces on Monday.
INTERNATIONAL MARKET UPDATE
GOLD $ 1223.85.
SILVER $ 17.002,
CRUDE OIL $ 44.11,