• 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...

  • posted by IMV |
  • 01/11/2017

Crude oil futures gain in asia on API estimates, China caixin PMICrude oil prices gained in Asia as industry estimates of U.S. inventories boosted sentiment and an on target PMI reading in China soothed concerns of a slowdown. The Caixin/Markit manufacturing PMI for October came in at 51.0 as and unchanged from September, according to data released on Wednesday. The release follows China's official manufacturing PMI for October that came in at...

  • posted by IMV |
  • 31/10/2017

Updates on Bullion, Base Metal and Energy Levels 31st October 2017Gold futures ended higher on Monday ahead of a series of central bank meetings and US President Donald Trump's expected announcement of the next Federal Reserve chair amid a slightly weaker US dollar.Crude oil futures extended their gains to the new week, on speculation that Opec will agree to extend output cuts beyond March. Traders even overlooked the concerns over an uptick in...

  • posted by IMV |
  • 30/10/2017

Updates on Bullion, Base Metal and Energy Levels 30th October 2017Gold futures traded marginally higher on Monday despite investors remaining cautious ahead of the naming of the next US Federal Reserve chair and ahead of a two-day Federal Open Market Committee (FOMC) meeting, both this week.Crude oil futures surged on Friday to their highest since February, with global benchmark Brent crude rising above $60 per barrel, on support among the...

  • posted by IMV |
  • 27/10/2017

Updates on Bullion, Base Metals and Energy Levels 27th October 2017Gold futures ended lower on Thursday as the dollar strengthened against a basket of major currencies after the European Central Bank said it would extend the lifespan of its bond-buying program.Crude oil futures rallied on Thursday, nearing their multi-month highs amid optimism the global supply glut will end in 2018. Prices moved higher also on growing expectations that Opec...

  • posted by IMV |
  • 26/10/2017

Updates on Bullion, Base Metals and Energy Levels 26th October 2017Gold futures ended higher on Wednesday as the dollar slipped against a basket of major currencies ahead of a European Central Bank meeting on Thursday. Though, some gains were capped on reports that Republican senators favoured John Taylor to become the next head of the US Federal Reserve, which drove US bond yields to multi-month highs.Crude oil futures fell on Wednesday for the...