Money Market Guru – Gold Futures Steady To End The Week After Big Losses – Gold futures were flat Friday, steady after big losses earlier in the week. Data showing weakness in the manufacturing sector conflicted with the Federal Reserves rosy assessment of the economy. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed.
Money Market Guru – U.S. crude oil inventories rose for a third straight week, by 4.6 million barrels in the week ending Sept. 15, the Energy Information Administration said Wednesday. Domestic crude supplies climbed by 4.6 million barrels for the week ended Sept. 15. Thats above the forecast for a rise of 2.4 million barrels by analysts.
Money Market Guru — Chana Down More Than 3 percent On Stockiest Selling – Heavy stockiest selling was seen in chana market due to fresh supplies of kharif pulses at local mandies along with anticipation of strong chana sowing acreage in the current year. The sources stated the physical demand of other pulses such as Urad and Moong has reduced chanas prices at Delhi mandi.
Money Market Guru – Gold Holds Around $1300 As North Korea Concerns Resurface – COMEX Gold stayed supported around its three week low as global geopolitical worries resurfaced yet again to haunt the markets. Media reports stated that North Korea could consider testing a hydrogen bomb over the Pacific Ocean in retaliation to US President Donald Trumps recent threats to destroy the country. This hurt equities in Asia and COMEX Gold managed to stay afloat after hefty losses this week. The metal is currently trading at $1300 per ounce, up 0.40% on the day. MCX Gold futures are trading at Rs 29608 per 10 grams, up 0.15% on the day.
Gold Silver Reports — How Markets Are Reacting to the Fed Policy Meeting | The Federal Reserve wrapped up a two-day meeting today by finally giving a timetable for when policy makers will start shrinking its $4.5 trillion stockpile of assets and reiterating that it anticipates one more interest-rate increase this year.
Gold Silver Reports — North Korea Launched Missile Over Japan Into Pacific Ocean — North Korea fired its second missile over Japan in as many months, a fresh provocation that comes shortly after the United Nations approved harsher sanctions against Kim Jong Un’s regime.