Gold prices earlier moved fresh low - Enrich Commodities

GOLD

Gold on Wednesday 5th July 2017, Gold prices down by 8 pts closed at 28107 trading range between 28005 - 28191 and August Comex Gold futures settled at $1221.70 division of the New York Mercantile Exchange.

At the forefront to the release of Federal Reserve’s minutes from its June meeting, Gold has moved to optimistic terrain benef

6/07/2017 10:50:33 AM | Posted in Commodities Reports read full news
We expect crude oil prices to trade sideways - Sushil Finance

Gold

Gold steadied on Wednesday, after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the dollar pared gains, lifting the precious metal above an eight-week low reached earlier in the session.

The minutes showed the central bank was split on how inflation might affect the future pace of interes

6/07/2017 10:41:01 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose marginally by 0.23 percent to close at $1226.5 per ounce after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the dollar pared gains, lifting the precious metal above an eight-week low reached earlier in the sess

6/07/2017 10:18:18 AM | Posted in Commodities Reports read full news
Evening Update For 5th July 2017 - Angel Commodities

News and Analysis

* FOMC meeting minutes due tonight at 11:30pm IST.

* LME Copper inventories jumped by 14.6 percent on Tuesday.

* UK’s construction PMI jumped to 54.8 in June’17.

European markets are trading sideways today as investors are cautious ahead of FOMC meeting minutes and G20 meeting. Asian markets

Copper trading range for the day is 382-389.4 - Kedia Commodity

Copper

Copper on MCX settled down -0.52% at 385.75 on profit booking tracking weakness in LME prices despite of fall in on-warrant stockpiles available to the market at LME warehouses to 176,125 tonnes. China's central bank said the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls

Buy Guarseed AT 3350 ADD ON Drop till 3200 SL Below 3000 TGT 3750-3980 - Kedia Commodity

* Guar seed futures continued to plunge in the spot and futures market, prices are almost down by -21.72% in last 3months period after India Meteorological Department scaled up the monsoon forecast at 98 per cent of long period average from 96 per cent predicted earlier.

* Rains in Rajasthan and Gujarat and prospects of more rains in coming days kept trend weak for Guar as sowing repo

Buy Gold 28150 -28100 Target 28200-28250 Stop loss at 28070 - Enrich Commodities

GOLD

Gold on Tuesday 4th June 2017, Gold prices up by 29 pts closed at 28115 trading range between 28073 - 28213 and August Comex Gold futures settled at 1219.20 division of the New York Mercantile Exchange.

After a spiky drop on Tuesday, Gold prices bounced back against the sensitive geopolitical risk after the announcement by North Korea re

5/07/2017 12:27:44 PM | Posted in Commodities Reports read full news
Cardamom trading range for the day is 968-1011.2 - Kedia Commodity

Gold

Gold on MCX settled up 0.1% at 28115 edged up in lacklustre trading partly reclaiming territory lost in Monday’s selloff. The metal slid 1.9% on Monday, its largest percentage drop since December 2016 as US Treasury yields rose on Monday after US manufacturing data boosted expectations the Federal Reserve would raise interest rates again th

5/07/2017 10:51:19 AM | Posted in Commodities Reports read full news
We expect silver prices to trade positive - Sushil Finance

Gold

Gold prices rebounded from seven-week lows on Tuesday after North Korea fired a missile into Japanese waters, raising geopolitical tensions and boosting bullion's safe-haven appeal.

North Korea said it successfully test-launched an intercontinental ballistic missile, days before leaders from the Group of 20 nations were due to discus

5/07/2017 10:34:27 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 0.3 percent on Tuesday as investors moved away from riskier assets after North Korea fired a missile that landed in Japanese waters, although the metal stayed near a sevenweek low hit the day before.

On Monday, gold prices declined by 1.7 percent to a

5/07/2017 10:07:47 AM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures rose for a third straight session on Tuesday, hitting highest in over two months on expectation of good physical buying due to rally in edible oils. Moreover, lower pace in physical arrivals and lagging sowing data also support prices. As per Agmarknet data

Evening Update For 4th June 2017 - Angel Commodities

News and Analysis 

* North Korea claims successful missile launch in Japan.

* LME Copper inventories fell by 1 percent on Monday.

* US ISM Manufacturing PMI jumped to 57.8 in June’17.

European markets are trading lower today as North Korea’s latest missile test sent jitters across the globe. Asian markets

We expect Cotton Jul contract to trade lower - Angel Commodities

Cotton

* MCX cotton recover last week after hitting a five-month low of Rs. 19,580 per bale (1 bale = 170 kg) in the previous week, due to reports of higher than expected exports figures from Cotton Association of India (CAI). CAI also revised down the production figures of cotton for last year by 5 lakh bales to 36 lakh bales.

* As per late

Buy MCX Copper Aug between 380 - 383, SL - 376, Target - 393/396 - Angel Commodities

MCX GOLD Aug (CMP – 28,439 / $ 1241)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap down at 28,450 levels and at the starting of the week prices have corrected sharply and made a weekly low of 28,350 levels. Later on price could not able to sustain on lower levels and rallied sharply and made a weekly high of 28,725 l

Soybean futures are expected to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures jumped by about 2.2% on Monday, higher one day move for the contract on expectation of good physical buying due to rally in edible oils. Moreover, lower pace in physical arrivals and lower sowing data compared to last year also support prices. As per Agmar

4/07/2017 11:21:09 AM | Posted in Commodities Reports read full news
Buy Crude Oil dips on 3040-3030 Target 3070-3100 Stop loss at 3010 - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 3rd July 2017, Crude Oil July futures prices up by 75 pts (2.53%) closed at 3043, trading range between 2974 – 3047. Crude oil for August delivery on the New York Mercantile Exchange settled at $47.07 a barrel. Crude prices fell in Asia on Tuesday ahead of the Fourth of July holiday in the U.S. with markets shut and

4/07/2017 11:14:46 AM | Posted in Commodities Reports read full news
Sell Gold Rise on 28200-28250 Target 28000-27950 Stop loss at 28338 - Enrich Commodities

GOLD

Gold on Monday 3rd June 2017, Gold prices down by (- 353) pts closed at 28086 trading range between 28067 - 28421 and August Comex Gold futures closed at $1219.20 division of the New York Mercantile Exchange.

Gold prices slumped lower on Monday, pressured by a sharp uptick in U.S. bond yields in the wake of upbeat manufacturing activity

4/07/2017 11:07:59 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, gold prices declined by 1.7 percent to a seven week low and headed for its biggest one day loss since November on account of strengthening dollar and rise in 10 years treasury yield.

Gold failed to benefit from dollar weakness in the second quarter, as this was driven largel

4/07/2017 10:41:20 AM | Posted in Commodities Reports read full news
Jeera trading range for the day is 18630-19290 - Kedia Commodity

Gold

Gold on MCX settled down -1.24% at 28086 plunged to the lowest in more than a month tracking Comex Gold which dropped $20 to test $1223 an ounce as stocks and oil prices rallied, signaling a shift toward riskier assets. Gold prices booked their lowest settlement in nearly eight weeks after suffering from their first monthly decline since March, a

4/07/2017 10:32:56 AM | Posted in Commodities Reports read full news