• 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...

  • posted by IMV |
  • 25/10/2017

Updates on Bullion and Energy Levels 25th October 2017Gold futures ended at a more than two-week low on Tuesday, with strength in the US stock market dulling demand for the precious metal amid uncertainty surrounding the leadership for the US Federal Reserve.Crude oil futures extended their gains on Tuesday after Saudi Arabia signalled its determination to end the global supply glut, also on data expected to show crude oil supplies fell for the...

  • posted by IMV |
  • 24/10/2017

Gold futures edged down on MCX amid possibilities of an early announcement on the next US Federal Reserve chair. Though, some losses were capped on a slightly weaker dollar against a basket of major currencies.Crude oil futures traded lower on MCX as investors looked ahead to weekly data from the US on stockpiles of crude and refined products. However, a decline in oil exports from OPEC's second-biggest producer Iraq, capped some losses. Reports...

  • posted by IMV |
  • 23/10/2017

Updates on Bullion, Base Metals and Energy Levels 23rd October 2017Gold futures edged lower on Monday as the dollar showed strong gains after Japan's Premier Shinzo Abe resoundingly won re-election, signalling continued easy policy. In the week ahead, investors will be watching the European Central Bank meeting for further details on plans to scale back its massive stimulus program. Markets will keep an eye on a preliminary reading of...

  • posted by IMV |
  • 18/10/2017

 Oil prices rise after U.S. API reports strong crude inventory draw…The American Petroleum Institute (API) reported a huge draw of 7.130 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories would draw down by 3.9 million barrels for the week ending October 13.Gasoline inventories, according to the API, saw a surprise build of 1.941 million barrels for the week...

  • posted by IMV |
  • 17/10/2017

Updates on Bullion, Base Metals and Energy Levels 17th October 2017Gold futures ended lower on Monday as the US dollar strengthened against a basket of major currencies, but lingering uncertainty about the pace and scope of US interest-rate hikes beyond December kept the yellow metal above the key $1,300 level for a second session in a row.MCX Crude may witness choppy trade in line with international market but bias may be on the upside. NYMEX...