• posted by IMV |
  • 27/12/2017

Gold futures ended higher on Tuesday, recording more than a three-week high as investors took support from a weaker dollar and chart signals. Moreover, the yellow metal rose modestly as speculators scooped up commodities amid weak equity gauges on Wall Street. Precious metals markets reopened on Tuesday after being closed for the Christmas holiday.Crude oil futures surged on Tuesday on reports of an attack on a Libyan oil pipeline. Islamist...

  • posted by IMV |
  • 26/12/2017

Update on Bullion, Base Metal and Energy Levels 26th December 2017Gold futures traded higher on Tuesday, witnessing an upside move in low-volume trade due to bargain buying and firm undertone in crude oil prices. Moreover, the yellow metal rose as dollar went weaker against a bucket of currencies.Crude oil futures traded marginally higher on MCX as speculators enlarged their positions, with Brent crude lingering near 2015 highs on the back of an...

  • posted by IMV |
  • 22/12/2017

Update on Bullion, Base Metal and Energy Levels 22nd December 2017Gold futures ended almost flat near an earlier two-week high on Thursday, after US data on gross domestic product, jobless claims and regional business activity left market players’ outlook on a stable economy unchanged and on a steady dollar.Crude oil futures extended their gains on Friday, as investors continued to cheer mostly positive EIA inventory data. US oil inventories have...

  • posted by IMV |
  • 22/12/2017

Oil drops from two-and-a-half year highs as rising U.S. output drags on marketOil prices dipped away from some of its highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. The drop, though, came as crude future volumes declined rapidly as traders closed positions ahead of the upcoming Christmas and New Year breaks. The dip on Friday was due to an outlook for...

  • posted by IMV |
  • 21/12/2017

Update on Bullion, Base Metal and Energy Levels 21st December 2017Gold futures ended higher on Wednesday, touching a two-week high as US data witnessed solid home sales but a dip in mortgage applications pushed the dollar to a two-week low. However, a rise in US bond yields and Congress passing a biggest tax overhaul, restricted further gains in the bullion rates.Crude oil futures ended higher on Wednesday, extending their gain after data showed...

  • posted by IMV |
  • 20/12/2017

Update on Bullion, Base Metal and Energy Levels 20th December 2017Gold futures traded higher on MCX as optimism over a major US tax overhaul quickly waned and offered no support to the dollar. Though, some gains were capped as the trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.Crude oil futures bounced back and ended higher on Tuesday, amid mixed signals on global production next...

  • posted by IMV |
  • 20/12/2017

 Oil edges up on North Sea pipeline outage, lower US crude stocksOil prices inched up supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system. The American Petroleum Institute said that U.S. crude inventories fell by 5.2 million barrels in the week to Dec. 15 to 438.7 million. Oil prices have also been supported by the continuing outage of the Forties pipeline in the...

  • posted by IMV |
  • 18/12/2017

Update on Bullion, Base Metal and Energy Levels 18th December 2017Copper futures traded marginally lower on MCX, as investors trimmed their positions owing to muted demand from consuming industries.  However, the red metal leaped out gains in overseas market, despite its weak trend in domestic spot market.Crude oil futures traded up on MCX as speculators widened their positions on the back of a firm trend overseas, followed by an ongoing...

  • posted by IMV |
  • 18/12/2017

Oil prices rise on ongoing North Sea outage, Nigeria strikeOil prices rise amid an ongoing North Sea pipeline outage and because a strike by Nigerian oil workers threatened its crude exports. Signs that booming U.S. crude output growth may be slowing also supported crude prices, although the 2018 outlook still points to ample supply despite production cuts led by OPEC. The higher prices came on the back of a strike by Nigerian oil workers and the...

  • posted by IMV |
  • 18/12/2017

Crude Oil gains In Asia on US Rig Count Numbers, Strong Demand ToneCrude oil gained in Asia, getting some support as the number of rigs drilling for oil dipped last week and on continued strong demand cues from the regional market. Last week, oil settled on a mixed note on Friday, with prices notching their third-consecutive weekly loss amid concerns over rising production in the U.S. The number of oil drilling rigs fell by four to 747 in the...