• 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...

  • posted by IMV |
  • 17/10/2017

 Oil holds gains as Iraq, U.S.-Iran tension raises risks…Oil prices crept higher today, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. After months of range bound trading during which OPEC-led supply cuts supported crude values but rising U.S. output capped markets, prices have moved up significantly this month....

  • posted by IMV |
  • 16/10/2017

Updates on Bullion and Energy Levels 16th October 2017Mixed US economic data and comments from Fed officials has increased uncertainty about Fed’s monetary policy. Geopolitical tensions are high as the US and South Korean navies on Monday began a joint drill. Tensions in Middle-east rose as Iraqi soldiers moved late Sunday to take over oil fields in the northern city of Kirkuk. Catalan President faces a deadline to clarify to the Spanish...

  • posted by IMV |
  • 16/10/2017

 Oil jumps on fears of new Iran sanctions, Iraq conflict.Oil markets jumped in early today on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while a falling U.S. rig count supported prices there. U.S. President Donald Trump struck a blow against the 2015 Iran nuclear deal on Friday, defying both U.S. allies and adversaries by refusing to formally certify that Tehran is complying with the accord even...

  • posted by IMV |
  • 12/10/2017

Updates on Bullion and Energy Levels 12th October 2017Gold futures ended lower on Wednesday amid easing geopolitical uncertainty but losses were capped by dollar weakness following labor market data that undershot expectations.Crude oil futures extended their gains on Wednesday, after Opec said demand for oil is set to increase in 2018 raising investor expectations that higher demand will rein in excess supplies. Opec indicated that market...

  • posted by IMV |
  • 12/10/2017

Global oil market seen balanced in 2018, even with rising output: IEAGlobal supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said today. In its monthly oil market report, the Paris-based IEA said it continues to see global demand for crude growing by 1.6 million barrels...