• posted by IMV |
  • 10/1/2018

Update on Bullion, Base Metal and Energy Levels 10th January 2018Gold futures ended lower on Tuesday, as traders adopted cautious approach on expectations for more US interest rate hikes this year. The yellow metal also declined as US dollar strengthened against a basket of major currencies on the back of concerns about political uncertainty in Europe, while a buoyant stock market also drained enthusiasm for bullion.Crude oil futures traded...

  • posted by IMV |
  • 10/1/2018

 Gold prices edge higher as dollar slipsGold prices moved higher as the dollar dropped to one-and-a-half month lows against the yen amid speculation that the Bank of Japan could move to scale back its massive stimulus program later this year. The dollar extended losses against the yen into a second session, falling to the lowest levels since December 1 after the Bank of Japan tweaked the size of its bond purchases on Tuesday, reminding...

  • posted by IMV |
  • 09/1/2018

Update on Bullion, Base Metal and Energy Levels 09th January 2018Gold futures ended marginally lower on Monday, notching their first decline after a record streak of 11 straight gains as US dollar rose against a bucket of currencies. Traders await key readings on U.S. inflation due out later this week for hints on the Federal Reserve's pace of interest-rate increases.Crude oil futures traded higher on MCX after US oil prices hit their highest...

  • posted by IMV |
  • 08/1/2018

Update on Bullion, Base Metal and Energy Levels 08th January 2018Gold futures traded flat on Monday, after marking a 3-1/2-month high last week, amid growing expectations of further US interest rate hikes to come this year.Crude oil futures traded marginally higher on MCX as speculators widened their bets on account of output cut by OPEC and Russia, freezing weather in the US which has fuelled demand for heating oil and falling crude oil...

  • posted by IMV |
  • 05/1/2018

Update on Bullion, Base Metal and Energy Levels 05th January 2018Gold futures ended higher on Thursday as the US dollar hit a four-month low against the euro amid optimism about the euro zone economy. Though, some gains were capped as prospects for further US interest rate increases. Crude oil futures extended their gains on Thursday after data showed crude stockpiles fell for the seventh-straight week. Energy Information Agency (EIA)...

  • 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

India gold imports surge 67% in 2017 on restocking, retail demand India’s gold imports surged 67% in 2017 from the previous year to 855 tonnes as jeweller’s replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed. The rebound in purchases by India, the world’s second-biggest consumer of gold after China, could support global prices, which are already near their highest levels in...

  • 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 |
  • 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...