Скачать или смотреть Gold can reach 1600 $ by next year says Mr.Kunal Shah, Nirmal Bang on Diwali 2019

Published on Oct 26, 2019

Gold can reach 1600 $ by next year says Mr.Kunal Shah, Head of Commodities Research, Nirmal Bang on Diwali 2019

Year 2019 was full of uncernatiesbecause of US China Trade war, slowing of global economy, big rally in theprices of gold by almost 30% in domestic bourses.
Nextyear aldo we are optimistic about gold prices but not expecting spectacularreturns like in year 2019
Diving force will be uncerternity of global economy and hencemajor bankers have started putting their money into interest rate  *** , stimulus packagges.
  Allthese factors justifies holding gold into the portfolio, GOLD can reach 1600$,Silver can reach 19.5 in COMEX next year
Expectedreturns in both the commodities is around 15%- 25%  Energy sector withnessed a very volatile year because of OPECtrying to cut the production to increase the price and simuntaneously US tryingto bridge the demand supply gap which is being created.
USintervention in the supply side pulled down the oil prices drastically

Brentcrude might shot up from 65$ to 100$ in the near future
Pricescan come down no less than 50$ for WTI because of some geopolitical event
As of now price may vary between 50$- 65$ Metalprices have corrected significantly since 2018 on account of US China trade war
USagreed not to impose any further sanctions, which is a good indicator
Interestingto see whether existing sanctions are going to be relaxed or removed completlyin coming months
All theevents will be uplift the metal market
Chinaeconomy has slowed down from 7% to 6% and may hit  5.5% if nothing improves
Slowingof china's economy can hamper metal market negatively
Copper,Zinc may do well on account of possitive resolution between US China
Copperon LME, 5500$-5600$ seems to be a bottom for us and can shoot upto 6200$-6300$
On MCXZinc 175 - 182 is attractive and can reach upto 195-198 points.

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#Diwali #Gold #Nirmal Bang