• posted by IMV |
  • 21/5/2018

Gold prices traded moderately lower due to rise in the U.S dollar against its major currency coupled with likely to hold trade war between China and the U.S. The dollar picked up as China and the U.S. agreed to halt imposing punitive import tariffs. Chinese and American negotiators set up a framework to address the trade imbalances. Dollar-denominated assets such as gold are sensitive to moves in the dollar a gain in the dollar makes gold more...

  • posted by IMV |
  • 14/5/2018

Oil prices in Asia receded from last week’s multi-year highs as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while a relentless climb in U.S. drilling activity pointed to further increases in output. Around a million barrels of oil a day is likely to disappear, threatening to tip the oil market into under supply. The sanctions come amid an oil market that has already been tightening due to rising...

  • posted by IMV |
  • 11/4/2018

Possibility of a U.S. military strike on Syria turned investors towards safe heaven…Gold prices traded sharply higher as a combination of concerns over ongoing trade tensions between the U.S. and China and the prospect of a U.S. military strike in Syria bolstered haven demand for the precious metals. U.S. President Donald Trump focused on a response to a suspected chemical weapons attack in Syria, the White House reported. Trump said he will...

  • posted by IMV |
  • 11/4/2018

Commodity Alert: Oil Prices Fluctuate Over Fears Of Western Air Strikes Against SyriaOil prices fluctuated between mild gains and losses morning in Asia amid rising Middle East tensions and the possibility of air strikes on Syria in the next 72 hours. Europe’s air traffic control agency Euro control said air-to-ground and/or cruise missiles could be used within the next 72 hours. The U.S. and its allies are considering a strike against...

  • posted by IMV |
  • 05/4/2018

Commodity Alert: Oil gains on surprise draw down in U.S. crude inventoriesOil prices rose holding onto a late-session rally the previous day, buoyed by the U.S. government data showing a surprise draw down in crude stockpiles. Before the rebound late on Wednesday, after the release of the Energy Information Administration (EIA) inventory data, WTI and Brent had hit two-week lows after China proposed a broad range of tariffs on U.S. exports,...

  • posted by IMV |
  • 04/4/2018

Commodity Alert: Oil prices fall on rising Russian output and geopolitical tensionsOil prices fell in morning in Asia amid rising Russian production and expectations that Saudi Arabia will cut prices of the crude it sends to Asia. There are speculations that Saudi Arabia will cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude. Also putting pressure on oil markets is the...

  • posted by IMV |
  • 28/3/2018

Commodity Alert: Oil prices fall on surprise U.S. inventory rise; China crude volatileOil prices fell with Brent dropping back below $70 per barrel and U.S. West Texas Intermediate crude dipping below $65, pulled down by a report of increasing U.S. crude inventories that surprised many traders. Traders said the dips came after the American Petroleum Institute (API) late on Tuesday reported a surprise 5.3 million barrels rise in crude sticks...

  • posted by IMV |
  • 27/3/2018

Commodity Alert : Oil prices rise on Middle East tension, global market recoveryOil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Hopes that behind-the-scenes talks between the United States and China will prevent a looming trade war between the world's two biggest economies also supported global markets, including crude oil futures. Iraq, the second biggest producer within the...

  • posted by IMV |
  • 19/3/2018

Gold future price traded moderately lower as the dollar stayed firm ahead of the Fed meeting later this week. Investors are expecting the US Federal Reserve to deliver a rate hike for the first time this year.Apart from this market also having a close eye on G-20 meeting which will also be a key driver in most of the financial assets. Rising dollar pressurizing yellow metals to trade with lower bias ahead.Last week we have seen volatility in gold...

  • posted by IMV |
  • 15/3/2018

Commodity Alert: Saudi Arabia to keep April crude oil exports under 7 million bpd: ministrySaudi Arabia, the world's biggest oil exporter, plans keep its crude oil production in April below 10 million barrels per day (bpd), and maintain exports under 7 million bpd, the energy ministry said on Wednesday, according to Reuters report. Despite nominations coming in at 100,000 barrels a day, higher than the previous month, allocations were maintained...