Topic
forecast
Commodities Gold, Silver Prices Face Bearish Pressure on MCX; Resistance Levels in Focus
MCX gold and silver prices are trading with a bearish bias on June 11, 2026, according to Abhilash Koikkara of Nuvama Professional Clients Group. Gold has a downside target of 140,000 with resistance at 152,000, while silver targets 225,000 with resistance at 240,000. Traders are advised to adopt a sell-on-rise approach amid weak market sentiment.
Business World Bank Cuts Global Growth Forecast to 2.5% for 2026; India Retains Fastest-Growing Major Economy at 6.6%
The World Bank projects global growth of 2.5% in 2026, down from 2.9% in 2025, citing the Middle East conflict and rising energy prices. India's GDP is forecast to grow 6.6% in fiscal year 2026-27, making it the world's fastest-growing major economy, though higher energy costs and fiscal pressures pose risks.
Commodities Gold Price Volatile Below Key Support; US Jobs Data and Geopolitical Tensions Weigh on Sentiment
Gold prices remain under pressure, failing to sustain above ₹156,000–158,000 resistance. A stronger-than-expected US jobs report boosted the dollar and Treasury yields, while Hezbollah's rejection of a ceasefire with Israel added geopolitical uncertainty. Technically, gold is approaching a key support cluster between ₹153,500 and ₹154,500; a break could lead to further downside.
Commodities El Niño Onset Confirmed: 63% Chance of Super Event by Winter
NOAA officially declared El Niño onset on June 11, 2026, with a 63% chance of reaching super El Niño strength by winter. The event threatens drought in key agricultural regions including Indonesia, the Sahel, and Southern Africa, while India's monsoon forecast has been lowered to 90% of normal.
Commodities IMD Update: Heavy Rain to Revive Goa, Karnataka, Mumbai & Gujarat on June 22-23
The India Meteorological Department (IMD) forecasts a revival of heavy rainfall along the west coast around June 22-23, based on guidance from the European Centre for Medium-Range Weather Forecasts (ECMWF). The fresh spell is expected to start over Coastal Karnataka and Goa before spreading north to Konkan, Mumbai, and south Gujarat. Meanwhile, widespread rainfall continues over eastern India due to a trough extending from Punjab to West Bengal.
Logistics Port of Los Angeles $3.4B Budget Forecasts 7% Container Volume Dip
The Port of Los Angeles approved a $3.4 billion budget for FY2026-2027, forecasting a 7% drop in container volumes to 9.3 million TEU. China's share of imports through the port fell to about 40% in 2026 from 61% in 2020, driven by ongoing trade war and tariff uncertainty. The budget boosts capital improvements by 31%, including rail and terminal projects.
Business India GDP Growth to Slow to 6.6% in FY27 on Weaker Consumption and Investments:
BMI forecasts India's economic growth will moderate to 6.6% in fiscal year 2026/27, a slowdown from the 7.7% recorded in FY26. The research firm attributes the deceleration to three factors: fading consumption boost from GST reforms, elevated inflation driven by the Strait of Hormuz disruption, and slowing investment growth. The rupee is expected to average 95.1/USD, supporting export competitiveness.
Business India's Economic Growth to Lead the World for Two Decades: Goyal
India is poised to remain the world's fastest-growing economy for the next two decades, according to Piyush Goyal. The country's strategic trade agreements and manufacturing capabilities are key drivers of this growth.
Business OECD Forecasts India's Growth Amid Global Economic Challenges
The OECD forecasts India to achieve a growth rate of 6.3% in FY27 and 6.4% in FY28, despite global economic challenges. Fiscal and monetary policies are expected to adapt to inflationary pressures and energy price shocks.
Commodities Delayed Monsoon Affects Indian Agriculture Markets
The delayed monsoon in India, influenced by El Niño, is impacting agricultural commodity markets. Key regions like Gujarat and Rajasthan face below-normal rainfall, affecting crop forecasts.
Business India Eyes 7% Growth by FY28 Amid Economic Challenges
India's Chief Economic Adviser, V Anantha Nageswaran, projects a return to 7% GDP growth by FY28, contingent on macroeconomic stability and improved external conditions. This optimistic outlook follows the Reserve Bank of India's revised forecast of 6.6% growth for FY27.
Commodities India's South-West Monsoon Begins Over Kerala
Read the full story for in-depth analysis.
Commodities India Lowers Foodgrain Output Target Amid Monsoon Concerns
India has reduced its foodgrain output target for the 2026-27 crop year to 373.93 million tonnes, citing concerns over a below-normal monsoon forecast. The decision reflects potential impacts from El Nino, affecting rice and maize production.
Trade Kerala Monsoon Onset Delayed, Rainfall 55% Below Normal
The India Meteorological Department forecasts a delayed monsoon onset over Kerala on June 4, with initial rainfall 55% below normal. This weather pattern could impact agricultural trade and import/export activities in India.
Commodities Below-Normal Monsoon Forecast Threatens Indian Agriculture
The India Meteorological Department forecasts below-normal monsoon rainfall and above-normal heatwaves in June, impacting key agricultural regions. This development could significantly affect commodity markets, particularly for crops like rice and wheat.
Business RBI MPC to Adjust Inflation and Growth Forecasts Amid Rupee Slide
The Reserve Bank of India's Monetary Policy Committee is expected to adjust its inflation and growth forecasts in response to ongoing geopolitical tensions and a depreciating rupee. The central bank may raise its inflation forecast to 5% and lower GDP growth to 6.5%.
Business Monsoon Delays Could Impact Indian Agriculture and Economy
The delayed onset of the monsoon in India, as forecasted by the IMD, could have significant implications for the agricultural sector and broader economic conditions. This delay is attributed to disrupted atmospheric conditions and a developing storm system.
Trade Monsoon Alert: Sri Lanka Hit, Kerala Next
Read the full story for in-depth analysis.
Trade UN Warns of Record Heat Impacting Global Trade
The UN projects record-breaking global temperatures over the next five years, posing significant risks to international trade. Importers and exporters must prepare for potential disruptions due to extreme weather events.
Commodities India's Monsoon Forecast: Below Normal at 90% LPA in 2026
The India Meteorological Department forecasts a below-normal monsoon for 2026, with rainfall at 90% of the long period average. This could significantly impact agricultural output in key regions.
Commodities Brent Crude Prices Surge Above $100 Amid Geopolitical Tensions
Brent crude oil prices have surged above $100 per barrel, driven by ongoing geopolitical tensions in West Asia. This price increase could lead to an earnings downgrade cycle, particularly affecting sectors sensitive to fuel costs.