Wednesday, 01 April 2020
TIME 9:46 AM IST
MCX METALS MARKET REPORT – stay indoor, maintain social distancing
Reduction or normalization in gap between spot gold and comex gold June futures is the prime reason for gold price to fall. Crude oil has fallen on expectation that the CVOID global pandemic is nowhere near topping out. Only China is on the verge of being normal. Chinese demand will be the key to copper and industrial price. Various US jobs numbers (Private ADP and nonfarm payrolls) will not have any impact on anything. I am very bullish on gold and silver in April to June quarter. Winners are those who have the physical gold and physical silver.
MCX Silver May 2020: (previous day close/CMP Rs.39791.00)
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: closed: Rupee is closed today, tomorrow and Monday.
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NOTES TO THE ABOVE REPORT
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