• posted by IMV |
  • 06/3/2018

Gold futures traded higher as sentiment on the greenback remained vulnerable amid uncertainty surrounding US import tariffs imposed last week has led to a spurt in the volatility amidst worries of a potential trade war between US and its trading partners, which have rung an alarming bell on slowing down some of the major economies of the world forcing the major global equities settled the session lower. More importantly, it has taken the focus of...

  • posted by IMV |
  • 05/3/2018

Updates on Bullion, Base Metals and Energy Levels 5th March 18 Gold futures traded higher as U.S. President Donald Trump’s announcement regarding tariffs on imported steel and aluminium sparked a sell-off in equities and the dollar. The dollar has been sliding since Trump announced the tariffs last Friday. Dollar remained subdued on fears of a global trade war, with uncertainty surrounding the outcome of elections in Italy, which could spell...

  • posted by IMV |
  • 05/3/2018

Commodity Alert : Gold prices gain as dollar continues to fall after Trump’s tariff planGold prices continued to gain momentum as U.S. President Donald Trump’s announcement regarding tariffs on imported steel and aluminium sparked a sell-off in equities and the dollar. U.S. President Donald Trump’s tariff policy on steel and aluminium caused concerns to global investors, as the administration stressed over the weekend that there would be no...

  • posted by IMV |
  • 01/3/2018

Gold future prices were trading at three-week lows as the U.S. dollar remained broadly supported by this week's comments by Federal Reserve Chair Jerome Powell. The U.S Dollar against major rivals remained broadly supported after Fed Chair Jerome Powell reiterated that the U.S. central bank would likely move forward with gradual increases in interest rates. He also stated that, the economic outlook remains strong and further gradual increases in...

  • posted by IMV |
  • 28/2/2018

Gold prices trading slightly higher during the session after a sharp drop witnessed in yesterday’s evening session after Federal Reserve Chairman Jerome Powell stated that FED may frequently rise interest rate in 2018. Fed Chair Jerome Powell stated that the U.S. central bank would likely move forward with gradual increases in interest rates. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six...

  • posted by IMV |
  • 27/2/2018

Gold futures prices traded marginally higher as sentiment on the greenback was vulnerable ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony due at 7:00 pm which will decide further trend of yellow metals. Fed Chair’s testimony for a clearer guidance regarding U.S. monetary policy outlook as investors priced in a tighter stance on the monetary policy which would lead to a faster increase in benchmark interest rates in...

  • posted by IMV |
  • 27/2/2018

Alert: Gold and Silver prices likely to trade range bound ahead of most awaited the Fed chairperson Jerome Powell’s testimony due today at 7:00 pm. Fed Chair’s testimony for a clearer guidance regarding U.S. monetary policy outlook as investors priced in a tighter stance on the monetary policy which would lead to a faster increase in benchmark interest rates in the United States. Higher interest rates lead to higher yields which make holding...

  • posted by IMV |
  • 26/2/2018

Gold futures edged higher on Monday, after the yellow metal marked more than 1 percent decline last week, registering worst week in two and half months, as the dollar index steadied following recent gains.Crude oil futures edged higher on MCX as participants raised bets, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.Copper futures traded marginally higher on...

  • posted by IMV |
  • 23/2/2018

Copper futures exhibited bearish trend on MCX, as speculators reduced exposure, taking negative cues from alloy-makers in the physical market. Moreover, the red metal in London Metal Exchange (LME) declined as the dollar strengthened.Crude oil futures traded marginally lower on MCX on offloading positions by speculators as high US crude exports outweighed lower crude inventories in the world's biggest consumer of the fuel.Technical...

  • posted by IMV |
  • 22/2/2018

Gold futures settled almost flat on Wednesday, after the release of minutes from the US Federal Reserve's January policy meeting. Inflation fears boost the yellow metal's appeal as a store of value against inflation.Crude oil futures traded marginally lower on MCX, as speculators trimmed positions due to weak trend overseas, as the minutes of the Federal Reserve's latest policy meeting sent the US dollar broadly higher. A stronger greenback often...