We expect Mentha oil August contract to trade lower - Angel Commodities

Gold

* Spot gold prices traded higher by 1.1 percent last week to close at $1268.8 per ounce as a weaker DX after the U.S. Federal Reserve said it would start to wind down its massive holdings of bonds "relatively soon," was supportive.

* The U.S. central bank appeared less confident than it had about inflation picking up but said

Weekly Agri-Commodities Update - Angel Commodities

Below is the view On Weekly Agri-Commodities Update by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“During the current week, a futures contract of Mentha oil and Cardamom which is trading on Multi-Commodity Exchange (MCX) jumps the highest among agri-Commodities.  

The M

Evening Update For 1 August 2017 - Angel Commodities

News and Analysis

* Chinese CAIXIN manufacturing PMI rose to 51.1 in July’17.

* LME Copper stocks fell by 0.5 percent on Monday.

* UK’s Manufacturing PMI rose to 55.1 in July’17.

European markets are trading higher today as favorable economic data from major economies boosted risk appetite. Asian markets

Gold price traded on stable note, hovering around a seven week high - IIFL

Commodities Gold price traded on stable note, hovering around a seven week high. The complex remains underpinned by geopolitical developments pertinent to North Korea and Venezuela. Moreover, increasing legislative uncertainty in US has also kept the yellow metal in the reckoning.

Base metals maintained strength, deriving cues from weak US dollar. However. Flow of Chinese macro number

1/08/2017 12:21:49 PM | Posted in Commodities Reports read full news
Crudeoil trading range for the day is 3138-3236 - Kedia Commodity

Gold

Gold on MCX settled down -0.23% at 28756 but prices were little changed in yesterday’s session while prices still holding near the bet levels in more than six weeks while unable to extend strong monthly gains as rising stocks dented the precious metal's safe haven appeal. Gold prices rose 2.5% in July as the Federal Reserve did little t

1/08/2017 11:49:53 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures were traded lower on Monday to close more than 1% down as market participants liquidate their long positions on anticipation of lower crushing demand as government has cut tariff rates of palm oil for the next fortnight.

As per government data,

1/08/2017 11:21:09 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade positive today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices traded flat and closed at $1269.1 per ounce while MCX gold prices decline marginally by 0.23 percent at Rs.28756 per 10 gms.

Weak dollar and poor economic data from the US cast doubt on whether the FED will raise rates again this year.

Fed Chairman

1/08/2017 11:10:26 AM | Posted in Commodities Reports read full news
Crude oil prices broke out sentiment price at $50 - Enrich Commodities

Crude Oil

Crude Oil on Monday 31st July 2017, Crude Oil August futures prices down by (-9) pts (-0.28%) closed at 3183, trading range between 3165 – 3214. Crude oil for September delivery on the New York Mercantile Exchange settled at $50.17 a barrel.

On Monday, Crude futures closed higher with the reason being the anticipation by inves

1/08/2017 10:26:10 AM | Posted in Commodities Reports read full news
Gold prices hold resistance area at $1269 and have taken strong support at $1256 - Enrich

Gold

Gold on Monday 31st July 2017, Gold prices down by (-23) pts closed at 28557 trading range between 28467 - 28620 and August Comex Gold futures settled at $1266.60 division of the New York Mercantile Exchange.

On Monday, Gold prices traded lower, after bouncing to their highest in seven weeks overnight. The reason behind is that the inves

1/08/2017 10:16:04 AM | Posted in Commodities Reports read full news
Evening Update For 31st July 2017 - Angel Commodities

News and Analysis

* Chinese manufacturing PMI fell to 51.4 in July’17.

* LME Copper stocks plunged 1.2 percent on Friday.

* Eurozone’s CPI Flash Estimate stayed pat in July’17.

European markets are trading higher today as Chinese manufacturing activity witnessed expansion for yet another month in July. A

31/07/2017 5:40:54 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 37917-38847 - Kedia Commodity

Gold

Gold on MCX settled up 0.37% at 28580 after weaker than expected U.S. inflation dampened expectations that the U.S. Federal Reserve will aggressively raise interest rates and North Korea fired a ballistic missile, triggering safe-haven buying. Data on U.S. second quarter gross domestic product (GDP) and labor costs also pushed the dollar lower, m

31/07/2017 11:21:07 AM | Posted in Commodities Reports read full news
Gold price hovered around seven week high - IIFL

Commodities

Gold price hovered around seven week high, underpinned by geopolitical tensions emanating from the Korean Peninsula. After test of yet another intercontinental ballistic projectile by North Korea on Friday, US and South Korea exhibited their might by conducting a joint missile exercise. As a retaliatory measure, two American supersonic B-1B

31/07/2017 11:13:46 AM | Posted in Commodities Reports read full news
We expect Jeera futures expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed higher last week on reports of lower sowing compared to last year. However, the prices are still trading in a range due to good stocks and steady demand.

As per government data, soybean planting fell 10.3% to 95.7 lakh hectares compared wi

31/07/2017 10:50:08 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

Spot gold prices traded higher by 1.1 percent last week to close at $1268.8 per ounce as a weaker DX after the U.S. Federal Reserve said it would start to wind down its massive holdings of bonds "relatively soon," was supportive.

The U.S. central bank appeared less confident

31/07/2017 10:41:28 AM | Posted in Commodities Reports read full news
Gold prices uptrend pressure has started towards $1275-$1283 - Enrich Commodities

GOLD

Gold on Friday 28th July 2017, Gold prices up by (104) pts closed at 28580 trading range between 28395 - 28595 and August Comex Gold futures settled at $1268.40 division of the New York Mercantile Exchange.

On Friday, Gold prices traded higher, as the dollar hovered under pressure at fourteen-month lows. The reason could be seen as the t

31/07/2017 10:04:47 AM | Posted in Commodities Reports read full news
Crude oil prices continues to break higher - Enrich Commodities

CRUDE OIL

Crude Oil on Friday 28th July 2017, Crude Oil August futures prices Up by (31) pts (0.98%) closed at 3192, trading range between 3144 – 3200. Crude oil for September delivery on the New York Mercantile Exchange settled at $49.71 a barrel.

On Friday, oil prices closed higher for the fifth session consecutively to mark its bigge

31/07/2017 10:00:03 AM | Posted in Commodities Reports read full news
Evening Update For 28th July 2017 - Angel Commodities

News and Analysis

* US Advanced GDP numbers to be released tonight.

* LME Copper stocks fell 0.5 percent on Thursday.

* German Prelim CPI rose 0.4 percent in July’17.

European markets are trading lower today as string of earnings results kept investors at bay. Asian markets are trading mixed and the US stock futures

28/07/2017 4:58:03 PM | Posted in Commodities Reports read full news
We expect gold bullion prices to trade sideways - Alpha Commodity

Bullion

* Gold silver prices traded higher on weaker dollar and safe haven demand after US FOMC. The dollar index traded near 13 months low on concerns over low inflation levels. However prices limited upside as FED maintained the stance over gradual rate hike.

* Prices are expected to trade sideways to up with weaker dollar for the day. The

28/07/2017 4:46:27 PM | Posted in Commodities Reports read full news
Copper price as Chinese may switch to other scrap - IIFL

Commodities

Gold prices bolstered, as Fed policy statement was construed to be relatively dovish. The central bank interest rates unchanged and stated that it will persist with its slow pace of policy normalization. Fed also mentioned that it would start tapering its balance sheet relatively soon, probably beginning from September. However, Fed noted t

28/07/2017 11:51:17 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28243-28723 - Kedia Commodity

Gold

Gold on MCX settled up 0.32% at 28476 as investors continue to pile into the precious metal amid expectations that Fed could keep interest rates low for longer than initially anticipated. Fed kept interest rates unchanged but expected to start winding down its massive holdings of bonds "relatively soon." The U.S. Senate voted almost una

28/07/2017 10:53:41 AM | Posted in Commodities Reports read full news