Gold prices firmed on Friday, set for their first weekly gain in four, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted the metal’s appeal as an inflation hedge. Spot gold rose 0.2 % to $1,843.99 per ounce by 0310 GMT. U.S. gold futures were up 0.4% at $1,847.90. Gold Read More
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Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6%, at $47.15 a Read More
Gold fell on Monday en route to its worst month in four years, as optimism over a coronavirus vaccine-led economic revival prompted investors to buy into traditional risk assets. Spot gold declined about 1 percent to $1,771.22 per ounce by 0452 GMT, shedding 5.7 percent so far this month – its biggest since November 2016. US gold Read More
India on Thursday slashed import tax on crude palm oil to 27.5 percent from 37.5 percent, the government said in a statement, as New Delhi tries to bring down rising food prices. India is the world’s biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Read More
Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude was up 44 cents, or 0.9%, at $48.30 a barrel by 0743 GMT, having Read More
Gold slipped below Rs 48,500 per 10 gm in Indian markets on November 25 as investors shifted focus on risky assets. On the Multi-Commodity Exchange (MCX), December gold contracts were trading lower by 0.26 percent at Rs 48,460 per 10 gram at 0920 hours. December silver was trading 0.25 percent lower at Rs 59,472 per Read More
Gold extended declines to a four-month trough on Tuesday as investors dived into riskier assets following drugmaker AstraZeneca’s boost to the coronavirus vaccine race and a U.S. federal agency’s White House transition approval for Joe Biden. Spot gold fell 0.5% to $1,825.99 per ounce by 0545 GMT, having earlier slid to its lowest since July Read More
Gold climbed higher on Monday, as a softer dollar and hopes of further U.S. monetary stimulus to cushion the pandemic-hit economy offset optimism over the possibility of a COVID-19 vaccine rollout next month. Spot gold rose 0.2% to $1,873.51 per ounce by 0510 GMT and U.S. gold futures were little changed at $1,871.70. U.S. Treasury Read More
Gold was trading flat in but above the important Rs 50,000 per 10 gm mark in the Indian markets on November 20, tracking a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), December gold contracts were trading higher by 0.10 percent at Rs 50,040 per 10 gram at 0920 hours. December silver Read More
Gold recovered from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective vaccine test results. Spot gold was steady at $1,887.10 per ounce. U.S. gold futures settled 0.1% higher at $1,887.80. Bullion Read More
Gold prices were little changed on Tuesday, as concerns over spiking U.S. coronavirus cases offset pressure from vaccine optimism brought about by a positive vaccine trial data. FUNDAMENTALS * Spot gold was unchanged at $1,887.99 per ounce by 0050 GMT, while U.S. gold futures were up 0.1% at $1,888.70. * Bullion dropped as much as Read More
Gold prices touched a one-week high on Monday propped up by a weaker dollar, while mounting US coronavirus cases escalated concerns of the pandemic’s impact on economic recovery underpinning hopes of further monetary stimulus. Spot gold rose 0.5 percent to $1,896.85 per ounce by 0329 GMT, after hitting its highest level since November 9 at Read More
Natural gas futures traded lower at Rs 222.40 per mmBtu on November 13. Natural gas price had declined 1.8 percent yesterday on the NYMEX and traded weaker today as market players positioned for the EIA weekly inventory report. The forecast of a mild winter in some parts of the US in the early part of Read More
Prathamesh Mallya remains bullish on gold prices given the huge gush of liquidity and feels the possibility of Rs 56,000 per 10 gms mark looks very much likely for the yellow metal. He believes Sovereign Gold Bonds by Government of India is one of the best possible options for gold investors on this Dhanteras day, Read More
Brent crude has fallen nearly 36 percent from the start of 2020 to trade around $42 per barrel (bbl) as demand significantly reduced due to lockdowns, trade and movement restrictions by countries to curb the spread of the novel coronavirus. However, 2021 will show signs of a recovery in the beaten down price of oil, leading commodities analyst Read More
Silver prices climbed to Rs 62,175 per kg on November 10 as participants increased their long positions as seen by the open interest. The precious metal traded firm today after a steep fall of 6.86 percent yesterday on MCX. The white metal was getting support from improving manufacturing activity globally and general optimism about China. Read More
Copper prices trade lower at Rs 526.30 per kg on November 5 as participants increased their short position as seen by the open interest. The red metal pared earlier gains and traded in the negative zone. Base metals have had a volatile session and the choppiness may remain for a few more sessions until there Read More
Cotton futures rose to Rs 19,720 per bale on November 5 as participants widened their positions as seen from open interest. Cotton futures in the domestic market ended flat yesterday at Rs 19,660 per bale on the MCX. Mohit Vyas, Analyst at Kotak Securities said, ”Despite increasing supply in the physical market, rise in global Read More
Silver prices on November 4 edged lower to Rs 61,448 per kg as participants increased their short positions as seen by the open interest. The precious metal extends decline in the afternoon session tracking the firm dollar. The white metal had gained 1.25 percent yesterday on the COMEX. Silver price is choppy along with gold as Read More
Silver prices edged higher to Rs 60,369 per kg on October 30 as participants increased their long positions. The precious metal ended flat on the COMEX on October 29. Prices have been trading firm, tracking gains in gold, amid a modest retreat in the dollar. The dollar index trades lower at 93.85 levels, down 0.13 Read More