• posted by IMV |
  • 08/12/2017

Update on Bullion, Base Metal and Energy Levels 8th December 2017Gold futures fell to its lowest in four months on Thursday, as a bounce in the dollar sparked by optimism over US tax reform plans pushed the metal out of its recent narrow trading range. The yellow metal slumped also on concerns that the rising US interest rates will increase the opportunity cost of holding non-yielding bullion.Crude oil futures moved higher on Thursday after a...

  • posted by IMV |
  • 08/12/2017

Crude 0il narrowly mixed in Asia as China trade data awaited, US rig count ahead…Crude oil was narrowly mixed in Asia with China trade figures and US rig count data ahead to set the tone after rising last week and sentiment strong for stable to higher prices. Overnight, crude oil prices settled higher on Thursday as a threatened strike in Nigeria and growing Middle East political tensions stoked fears of supply disruptions, while ongoing OPEC-led...

  • posted by IMV |
  • 07/12/2017

Update on Bullion and Energy Levels 7th December 2017Gold futures were marginally in green but still hovered near two-month low on Wednesday, as dollar firmed against basket of major currencies ahead of a vote on the U.S. tax reform plan. The bullion price also remained under pressured by the view that the US Federal Reserve is almost certain to raise interest rates next week at its final monetary policy meeting for the year.Crude oil futures...

  • posted by IMV |
  • 06/12/2017

Update on Bullion, Base Metal and Energy Levels 6th December 2017Gold futures declined to two-month low on Tuesday, as dollar firmed against a bucket of currencies and as US tech stocks bounced on tax bill optimism. The yellow metal also dropped as investors are looking towards the US non-farm payrolls report this week, the last employment figures ahead the Federal Reserve's monetary policy meeting next week.Crude oil futures made some recovery...

  • posted by IMV |
  • 05/12/2017

Gold futures is trading mixed on MCX, as February contract edged higher due to safe heaven appeal of the bullion amid weak domestic equity markets, though contract for April trimmed on account of subdued demand for precious metals by jewellers, industries and retailers. Crude oil futures declined on Monday, on the back of profit booking by traders on the recent rally which followed last week’s decision by Opec and some non-Opec producers to...

  • posted by IMV |
  • 04/12/2017

Update on Bullion, Base Metal and Energy Levels 4th December 2017Gold futures traded lower early on Monday, as the dollar strengthened against a basket of currencies after Republicans in the U.S. Senate passed a bill to overhaul the country's tax system, moving the process forward.Crude oil futures traded lower on MCX as speculators reduced their positions amid a weakening trend overseas after US shale drillers added more rigs last week. Further,...

  • posted by IMV |
  • 01/12/2017

Update on Bullion, Base Metal and Energy Levels 1st December 2017Gold futures ended at their lowest level in more than a week on Thursday, as dollar firmed against a basket of currencies. The yellow metal deepened its cut as a round of US economic data did little to sway markets from expectations for an interest-rate hike later this month.Crude oil futures made a bounce back and ended modestly higher on Thursday, after OPEC announced it would...

  • posted by IMV |
  • 30/11/2017

Updates on Bullion, Base Metals and Energy Levels 30th November 17Gold futures traded higher on MCX , on account of some demand from jewellers, retailers and investors on positive notes from firm trend at the global market. The yellow metal also rose as dollar fell against a basket of currencies.Crude oil futures traded higher on MCX as speculators raised their bets, ahead of an OPEC meeting in Vienna at which producers are expected to extend a...

  • posted by IMV |
  • 30/11/2017

Crude oil stages mild rebound in Asia as OPEC-led curb extension eyed…Crude oil prices rebounded mildly in Asia as the market awaits full details of a widely expected extension of OPEC-led output curbs - albeit with a few wrinkles. OPEC and key ally Russia will extend output curbs for nine months, but likely review the deal in June of 2018 depending on market conditions, according to reports.Six ministers from OPEC and non-OPEC oil producers...

  • posted by IMV |
  • 29/11/2017

Update on Bullion, Base Metal and Energy Levels 29th November 2017Gold futures edged higher on MCX as investors firmed their bets on positive outlook from global markets. Rise in precious metal prices at overseas market also influenced bullion's prices at the futures.Crude oil futures traded marginally lower on MCX as speculators reduced bets amid a weak trend overseas, weighed down by uncertainty over the outcome of an OPEC meeting this week at...