• 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...

  • 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...