COMMODITY HEADLINES

 Crude oil up on fall in US crude supply
 Silver down on feeble global cues
 Gold dips on rising US dollar
 Nickel futures slip 0.34% on muted physical demand
 Zinc futures keep head above water

TODAY'S Recommendations

BUY GOLD ABOVE 28850 TGT 28950 29150 SL BELOW 28750
SELL GOLD BELOW 28650 TGT 28550 28350 SL ABOVE 28750
BUY SILVER ABOVE 40000 TGT 40200 40600 SL BELOW 39800
SELL SILVER BELOW 39750 TGT 39550 39000 SL ABOVE 39950

SPECIAL NEWS

The Bank of Japan kept monetary policy steady on Thursday and offered a more upbeat view of the economy than last month, signaling its confidence that a pick-up in overseas demand will help sustain an export-driven recovery.

But the central bank slightly cut its inflation forecast for this fiscal year in a quarterly review of its projections, suggesting that it will maintain its massive monetary stimulus for the time being to achieve its ambitious 2 percent target.

China's banking regulator on Wednesday relaxed the rules for the transfer of non-performing loans, allowing lenders to sell soured debt in bundles of three from the previous 10, three sources with direct knowledge told Reuters.

The move is the latest by the China Banking Regulatory Commission (CBRC) to ease lenders' struggle with a mounting pile of bad debt as borrowers struggle with the slowing economic growth.Smaller bundles of NPLs would enable banks to offload the bad debt faster.

COMMODITY BUZZ

Gold prices rebounded mildly in Asia on Thursday as investors came in after a recent sharp dip following the French election results and as investors took positions on potential geopolitical risks on the Korean peninsula where the U.S. has moved to setup a sophisticated anti-missile system to deter North Korea from launching ballistic missiles.

Silver futures gained 0.37% to $17.496 a troy ounce and copper dipped 0.58% to $2.587 a pound.Overnight, gold prices traded slightly below breakeven on Wednesday, weighed by a shift in sentiment towards riskier assets, as investors digested bullish comments from U.S. Treasury Secretary Steven Mnuchin and awaited a tax reform update from President Donald Trump.

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close.

WTI has lost around 8.5 percent in value from its April peak.Brent crude futures (LCOc1), the international benchmark for oil prices, were at $51.58 per barrel, down 24 cents, or 0.46 percent, from their last close.

Epic Research Limited counts as the top research providing firm all over India as well as other global markets. Our team having experienced researchers who offer updates on the sectors like – equity trading, commodity trading, FOREX trading, Equity tips etc.
Our research Team assists on the following sectors -
Intraday Stock Tips
Mcx Tips
Stocks to buy today
Find our offers and services by FREE TRIAL
Give Missed call at 07316642321
Walk Into - 411 Milinda Manor, 2 RNT Road, Indore 452001
SMS EPIC to 56363 Or visit our site http://www.epicresearch.co
Or mail us here: [email protected]