• 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...

  • posted by IMV |
  • 28/11/2017

Updates on Bullion, Base Metals and Energy Levels 28th  November 17Gold futures ended higher on Monday, toughing a six week high as the dollar weakened. The bullion edged up as investors looked ahead to congressional testimony by the nominee to chair the U.S. Federal Reserve and a meeting between US President Donald Trump and Senate Republicans on tax reform.Crude oil futures snapping their gaining streak ended lower on Tuesday, as...

  • posted by IMV |
  • 27/11/2017

Updates on Bullion, Base Metals and Energy Levels 27th November 17Gold futures traded flat on Monday, as dollar hovers near 2 month low hit in the previous session against a basket of major currencies. The bullion also muted as investors are looking to the Congressional hearing on Fed Chair nominee Jerome Powell on Tuesday.Crude oil futures ended at a fresh two week high on Friday on a report suggesting OPEC and Russia agreed on a plan to extend...

  • posted by IMV |
  • 24/11/2017

Update on Bullion, Base Metal and Energy Levels 24th November 2017Gold futures traded flat after rising nearly 1% in the previous session as the dollar extended its swoon amid reduced expectations for US interest rate hikes next year. Trading was lighter than usual, with Japanese financial markets shut for a public holiday and US markets closed for the Thanksgiving holiday. The US dollar came under broad selling pressure after the minutes of the...

  • posted by IMV |
  • 23/11/2017

Update on Bullion, Base Metal and Energy Levels 23rd November 2017Gold futures ended higher on Wednesday on the back of a weaker dollar against some major basket of currencies, and moved up in electronic trading after minutes from the Federal Reserve’s November meeting hinted that the central bank may not be as aggressive in raising interest rates next year as expected.Crude oil futures extended their gains on Wednesday, after data showed crude...

  • posted by IMV |
  • 22/11/2017

Update on Bullion, Base Metal and Energy Levels 22nd November 2017Gold futures ended higher on Tuesday as the US dollar headed lower and investors looked to minutes due midweek from the Federal Reserve’s recent meeting for clues on plans for interest rates.Crude oil futures improved on MCX as speculators raised their bets amid a firm trend overseas as ongoing cuts of piped Canadian crude to the United States added to falling US crude inventories,...