• posted by IMV |
  • 21/2/2018

Gold futures edged lower on MCX as strength in the US dollar continued to weigh, although caution ahead of the minutes of the Federal Reserve’s latest meeting and uncertainty surrounding a big US debt auction this week was expected to limit the greenback’s gains.Crude oil futures traded lower on MCX, as speculators trimmed positions due to weak trend overseas, followed by the US dollar's recent rebound and as traders turned more cautious ahead of...

  • posted by IMV |
  • 21/2/2018

Commodity Alert: Gold Prices Remain Under Pressured By Stronger DollarGold prices were pressured by a stronger dollar and a rising interest rate in Asia. Benefited from higher treasury yields, the US dollar index that tracks the greenback against a basket of currencies rose to a week’s high of 89.79, up 0.17%. The minutes of Federal Open Market Committee January meeting that are due Wednesday is expected to gather some attention as it is set to...

  • posted by IMV |
  • 20/2/2018

Gold futures traded lower on Tuesday in a cautious trade, as speculators awaited for more cues on US interest rates ahead of Fed meeting and on a stronger dollar against a bucket of currencies.Crude oil futures declined marginally on MCX as speculators reduced positions due to profit booking at current levels by speculators. However, some losses were capped by a firm trend overseas due to reduced flows from Canada's Keystone pipeline, which has...

  • posted by IMV |
  • 20/2/2018

Commodity Alert: Gold Prices Fall For Third Straight Session As U.S. Dollar StrengthensGold prices remained lower  as the dollar rebounded from a three-year low, while investors await the minutes of the latest Federal Reserve meeting. The dollar was supported by the U.S. home building data released on Friday that increased to more than a one-year high in January and that building permits soared to their highest level since 2007. A...

  • posted by IMV |
  • 19/2/2018

Gold futures ended slightly lower on Thursday, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks. Moreover, expectations that the US Federal Reserve will raise interest rates to fight inflation make gold less attractive since it is not interest-yielding.Crude oil prices rallied for second day Thursday, rising back near January's 4-year highs, on the back of weakness in dollar. Prices are...

  • posted by IMV |
  • 09/2/2018

Currency Report 9th Feb 2018Indian rupee wiped off its early losses and ended a tad strong against dollar on Thursday, owing to sustained selling of the US currency by exporters and banks. Local currency got support with report that a sharp fall in oil prices eased investors’ concerns surrounding inflation and rising twin deficits. Besides, strong gains in the domestic equity markets also supported the rupee. However, dollar’s strength against...

  • posted by IMV |
  • 01/2/2018

Morning News Headlines Economic Times● Big surge in provisions weighs on ICICI Bank in Q3● FTIL case: Sebi revokes interim order against individuals● ONGC buys govt's entire 51.11% stake in HPCL● Mahindra & Mahindra  to invest Rs 600 crore in new EV● Quess to acquire Monster India, HCL Info' care bizMint● SBI gets board approval to divest 4.40% CCIL stake● Havells India promoters sell 2% stake for Rs 647 cr● L&T, 2 senior...

  • posted by IMV |
  • 12/1/2018

Update on Bullion, Base Metal and Energy Levels 12th January 2018Gold futures ended higher on Wednesday, hitting its highest in nearly four months as dollar index fell sharply after a report that Chinese officials recommended slowing or halting purchases of US Treasury securities.Crude oil futures traded lower on MCX after hitting their highest levels overseas. Although traders have been warning of the risks of a downward price correction since...

  • posted by IMV |
  • 11/1/2018

Gold futures ended higher on Wednesday, hitting its highest in nearly four months as dollar index fell sharply after a report that Chinese officials recommended slowing or halting purchases of US Treasury securities.Crude oil futures continued their upmove on Wednesday, extending 4-year highs amid further signs the global oil market is tightening. Traders cheered an unexpected drop in US production while data showing crude stockpiles fell for the...

  • posted by IMV |
  • 11/1/2018

 Gold prices dip in Asia as Bank of Japan and People's Bank of China EyedGold prices eased slightly in Asia as investors debated the prospect of China sharly trimming purchases of US Treasurys and whether the Bank of Japan is set to inch forward on a way out of its aggressive monetary policy. Overnight, gold prices were hovering near four-month highs on Wednesday, as sentiment on the U.S. dollar weakened ahead of retail sales and inflation...