• posted by IMV |
  • 13/11/2017

Updates on Bullion, Base Metal and Energy Levels 13th November 2017Gold futures traded higher on MCX as investors looked ahead to key US economic reports to gauge how it will impact the Federal Reserve's view on monetary policy in the months ahead.Crude oil futures ended in red on Friday, trimming strong recent gains as data showed the US oil rig count jumped last week. Also, as investors fretted over an uptick in US production but losses were...

  • posted by IMV |
  • 10/11/2017

Update on Bullion and Energy Levels 10th November 2017Gold futures ended higher on Thursday as dollar fell against a basket of major currencies as investors balked at emerging details of the US Senate Republicans' version of a tax cut plan.Crude oil futures bounced back and ended higher on Thursday despite a report tempering expectation for further supply cuts from OPEC. Traders got some support with the ongoing unrest in the Middle East, while...

  • posted by IMV |
  • 09/11/2017

Updates on Bullion, Base Metal and Energy Levels 9th November 2017Gold futures ended higher on Wednesday as investors grew more skeptical that the White House will be able to push through its tax overhaul in coming months.Crude oil futures declined on Wednesday, second day in a row after data showed crude supplies rose unexpectedly, while production jumped to a record all-time high last week offsetting a larger-than-expected draw in refineries....

  • posted by IMV |
  • 08/11/2017

Update on Bullion, Base Metal and Energy Levels 08th November 2017Market players are looking for more clarity on Trump’s tax plan, political development in Saudi Arabia and US stance on North Korea. As per latest reports, Senate Republican leaders are considering 1-year delay in corporate tax cut. Political uncertainty is high in Saudi Arabia post recent arrest of high profile individuals ordered by Crown Price Salman. US President Trump...

  • posted by IMV |
  • 07/11/2017

Update on Bullion, Base Metal and Energy Levels 7th November 2017Gold futures ended higher on Monday, extending gains as geopolitical risks drove investors to safe-haven assets after the metal's third-straight weekly decline. Besides, a weaker US dollar against the major basket of currencies also fuelled the uptrend.Crude oil futures extended their surge on Monday after Saudi Arabia Crown Prince Mohammed bin Salman, through an anti-corruption...

  • posted by IMV |
  • 06/11/2017

Update on Bullion, Base Metal and Energy Levels 6th November 2017Gold futures traded lower on Monday as the dollar firmed after upbeat US economic data strengthened the prospect of further interest rate hikes by the Federal Reserve. However, heightened political risk in the Middle East with a surprise shakeup of Saudi Arabia's leadership, capped some losses.Crude oil futures traded higher on MCX as traders indulged in widening their bets in...

  • posted by IMV |
  • 06/11/2017

Commodity Alert: Oil hits highest levels since 2015 amid tightening markets, Saudi purgeOil prices hit their highest levels since July 2015 early today as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting...

  • posted by IMV |
  • 03/11/2017

Updates on Bullion, Base Metals and Energy Levels 3rd November 2017Gold futures edged down on MCX amid caution ahead of US jobs data later in the day. Investors observed the usual caution ahead of the US payrolls report which is expected to show a big bounce back from September's hurricane-hit result.Crude oil futures traded marginally higher on MCX as traders indulged in widening their bets in tandem with a firming trend in global market, as...

  • posted by IMV |
  • 02/11/2017

Updates on Bullion, Base Metal and Energy Levels 2nd November 2017Gold futures edged higher on MCX amid a weaker dollar, on increased demand from Chinese retail investors and as the market waited for the announcement of a new chair of the US Federal Reserve, expected later in the day.Crude oil futures got a halt to their rally despite data showing supplies of U.S crude oil and gasoline declined more-than-expected, as the Energy Information Agency...

  • posted by IMV |
  • 01/11/2017

Updates on Bullion, Base Metal and Energy Levels 1st November 2017Gold futures ended lower on Tuesday as the US dollar was firm for much of the session and precious metals investors turned cautious ahead of central bank meetings this week, US payrolls data and the announcement of the next US Federal Reserve chair. The Fed is scheduled to release its statement following its meeting on Wednesday. Market participants were awaiting the Bank of...