• 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...

  • posted by IMV |
  • 15/12/2017

Update on Bullion, Base Metal and Energy Levels 15th December 2017Gold futures ended slightly lower on Thursday, as dollar strengthened in response to stronger than expected US retail sales data. Further the yellow metal dipped as hike in interest rates reduced the appeal of non-yielding bullion.Crude oil futures made some recovery on Thursday supported by ongoing pipeline shutdown and shrugged off data forecasting a faster than expected rise in...

  • posted by IMV |
  • 14/12/2017

Update on Bullion, Base Metal and Energy Levels 14th December 2017Gold futures ended higher on Wednesday, as speculators widened their bets on inflation worries after the US Federal Reserve hiked interest rates as expected, but left its outlook unchanged for coming years. Meanwhile, the yellow metal also eked out some gains as dollar eased against a basket of currencies.Crude oil futures declined further on Wednesday, as traders overlooked the...

  • posted by IMV |
  • 13/12/2017

Update on Bullion, Base Metal and Energy Levels 13th December 2017Gold futures ended lower on Tuesday, touching five-month low rate as investors muted their trades as they braced for a widely expected US interest rate increase this week and looked for clues about further hikes from the Federal Reserve. The bullion also declined as dollar firmed against basket of major currencies.Crude oil futures snapped their gaining streak and ended lower on...

  • posted by IMV |
  • 12/12/2017

Update on Bullion, Base Metal and Energy Levels 12th December 2017Gold futures ended almost flat on Monday, after its biggest weekly drop in more than six months on Fed meeting overhaul. The yellow metal is highly sensitive to interest rates hikes, as these increase the cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.  Crude oil futures continued their gaining streak to the new week and ended...

  • posted by IMV |
  • 11/12/2017

Update on Bullion, Base Metal and Energy Levels 11th December 2017Gold futures traded flat on Monday, after hitting a four-month low last week, as dollar firms underpinned by expectations of higher U.S. interest rates, while bitcoin seized the spotlight as futures of the crypto currency began trading.  Crude oil futures traded marginally lower on MCX after participants reduced their exposure in tune with a weak trend in Asian markets...