• posted by IMV |
  • 09/1/2018

Update on Bullion, Base Metal and Energy Levels 09th January 2018Gold futures ended marginally lower on Monday, notching their first decline after a record streak of 11 straight gains as US dollar rose against a bucket of currencies. Traders await key readings on U.S. inflation due out later this week for hints on the Federal Reserve's pace of interest-rate increases.Crude oil futures traded higher on MCX after US oil prices hit their highest...

  • posted by IMV |
  • 09/1/2018

U.S. oil prices hit highest since 2015, but doubts loom over rallyU.S. oil prices hit their highest since 2015 again as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity, though some warned the rally could run out of steam. Beyond that 2015-high, which was a short intra-day spike, Tuesday's peak was the strongest level for WTI since December, 2014, at the start of the oil market slump....

  • posted by IMV |
  • 08/1/2018

Update on Bullion, Base Metal and Energy Levels 08th January 2018Gold futures traded flat on Monday, after marking a 3-1/2-month high last week, amid growing expectations of further US interest rate hikes to come this year.Crude oil futures traded marginally higher on MCX as speculators widened their bets on account of output cut by OPEC and Russia, freezing weather in the US which has fuelled demand for heating oil and falling crude oil...

  • posted by IMV |
  • 05/1/2018

Update on Bullion, Base Metal and Energy Levels 05th January 2018Gold futures ended higher on Thursday as the US dollar hit a four-month low against the euro amid optimism about the euro zone economy. Though, some gains were capped as prospects for further US interest rate increases. Crude oil futures extended their gains on Thursday after data showed crude stockpiles fell for the seventh-straight week. Energy Information Agency (EIA)...

  • posted by IMV |
  • 05/1/2018

Oil dips away from 2015 highs as doubts over rally emergeOil prices fell slightly, dropping away from highs last seen in 2015, as soaring production in the United States undermined the 10 percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran. Traders said political tensions in Iran, third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), had pushed...

  • posted by IMV |
  • 04/1/2018

Update on Bullion, Base Metal and Energy Levels 04th January 2018Gold futures declined on MCX after the minutes from the Federal Reserve’s December meeting showed that officials discussed a faster pace of rate increases this year. Besides, a firming dollar also fueled the downtrend.Crude oil futures traded marginally higher on MCX as speculators widened their bets on the back of a firm trend overseas ahead of the inventory data and as...

  • posted by IMV |
  • 03/1/2018

Gold futures ended higher on Tuesday, touching late September highs as dollar index fell to a more than three-month low, posting its biggest annual drop since 2003 in 2017, on expectations of a slower pace of interest rate hikes by the US Federal Reserve. The yellow metal is highly sensitive to rising interest rates because it increases the opportunity cost of holding non-yielding bullion.Crude oil futures traded marginally higher on MCX as...

  • posted by IMV |
  • 02/1/2018

Update on Bullion, Base Metal and Energy Levels 2nd January 2018Gold futures extended gains in early deals on Tuesday, hitting 3-month high in tune with technical factors after the precious metal broke through strong resistance last week. Moreover, yellow metal gaining streak continued as dollar remained out of favor having hit a three-month low price against a basket of its peers.Crude oil futures traded higher on MCX as speculators widened...

  • posted by IMV |
  • 02/1/2018

Oil rises to mid-2015 high in strongest year opening since 2014Oil prices had their highest January opening since 2014 with Brent and WTI crude prices rising to mid-2015 highs, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand. More fundamentally, oil markets have been supported by a year of production cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) and Russia. The cuts...

  • posted by IMV |
  • 28/12/2017

Oil prices near 2015 highs in tight marketOil prices were stable with trading activity drying up ahead of the New Year weekend. Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC), as well as top producer Russia. U.S. West Texas Intermediate (WTI) crude futures were at $59.69 a barrel at 0336 GMT, up 5 cents...