Pace Research Commodity Market Update

Gold trading range for the day is 29102-29356. Gold gained buoyed as a disappointing U.S. jobs report appeared to dilute the prospects for an aggressive string of interest rate hikes in US.U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum. Indian Rural Gold demand will be good as good monsoon, rise in MSPs, rural employment guarantee scheme and waiver of farm loans will support demand.

Silver trading range for the day is 40115-40789. Silver gained as safe-haven demand on renewed geopolitical tensions and a flurry of risk events later during the week. Silver is expected to remain supported during the week, as market participants will contend with a raft of risk events that could rattle markets. Holdings at i-shares silver trust dropped by 0.36% i.e.38.26 tonnes to 10562.91 tonnes from 10601.17 tonnes. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774