We expect gold prices to trade sideways - Sushil Finance

Gold

Gold prices edged up on Monday from their lowest since mid-March in choppy trade, after nearing technical support and as traders awaited signals from central banks on interest rate hikes.

Bullion is highly sensitive to rising rates because they push up bond yields, increasing the opportunity cost of holding non-yielding gold. They also

11/07/2017 11:07:56 AM | Posted in Commodities Reports read full news
Oil futures rebounded from the lows - IIFL

Commodities

Gold prices hit a four month low of US$1,204/oz before scaling higher and ending the day on a positive note. The complex is more worried about rising sovereign bond yields rather than the trajectory in US dollar. Today, a dull trading session could be in the office as market participants will likely remain on the sidelines ahead of US Fed C

11/07/2017 10:56:50 AM | Posted in Commodities Reports read full news
Crude prices are still about 17 percent below their 2017 opening levels - Enrich Commodities

CRUDE OIL

Crude Oil on Monday 11th July 2017, Crude Oil July futures prices Up by (13) pts (0.45%) and closed at 2876, trading range between 2822 – 2893. Crude oil for August delivery on the New York Mercantile Exchange settled at $44.40 a barrel.

Oil prices edged up early on Tuesday, lifted in part by a strong demand outlook for the co

11/07/2017 10:26:56 AM | Posted in Commodities Reports read full news
Gold prices up by 10 pts closed at 27794 trading range between 27603 - 27820 - Enrich Commodities

GOLD

Gold on 11th July 2017, Gold prices up by 10 pts closed at 27794 trading range between 27603 - 27820 and August Comex Gold futures settled at $1213.20 division of the New York Mercantile Exchange.

Gold edged lower on Monday, as investors looked ahead to testimony from Fed chair Janet Yellen later this week on the health of the economy an

11/07/2017 10:21:12 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose marginally by 0.09 percent to close at $1214 per ounce from their lowest since mid-March in choppy trade, after nearing technical support and as traders awaited signals from central banks on interest rate hikes.

Markets were looking ahead to Wednesday an

11/07/2017 9:49:59 AM | Posted in Commodities Reports read full news
Evening Update For 10th July 2017 - Angel Commodities

News and Analysis

* Chinese PPI steady at 5.5 percent in June’17.

* LME Copper stocks jumped by 1.6 percent on Friday.

* US Nonfarm payrolls jumped by 222k in June’17.

European markets are trading higher today as latest favorable data from the US and Europe boosted global growth prospects. Asian markets ended h

10/07/2017 4:57:49 PM | Posted in Commodities Reports read full news
We expect soybean for Aug delivery to trade lower - Angel Commodities

Cotton

* MCX Cotton closed higher last week to close about 2.8% higher to settled at Rs. 20,570 per bale on fear of decline in yield due to deficient rainfall in major growing areas during the last three weeks. This is second weekly gains for cotton and strongest gain since February 2017.

* Moreover, expectation of good physical demand for co

10/07/2017 4:45:52 PM | Posted in Commodities Reports read full news
Sell MCX Copper Aug between 384 - 386, SL - 392, Target - 374/372 - Angel Commodities

MCX GOLD Aug (CMP – 27,784 / $ 1212.55)

MCX Gold Aug as seen in the weekly chart above has opened the week with gap down at 28,421 levels and during the week open and high were the same levels. During this week prices have corrected sharply and made a weekly low of 27,724 levels. This week prices have closed below the previous week’s closin

10/07/2017 4:41:56 PM | Posted in Commodities Reports read full news
We expect Copper prices to trade sideways to down - Alpha Commodity

Bullion

* Gold silver prices declined on stringer dollar after positive US non-farm payroll data. Prices remained under pressure since last week after world central banks signaled monetary tightening in near term.

* Prices are expected to trade sideways to down with stronger dollar. The uncertainty over BREXIT and tensions in Korean peninsula may support prices to trade firm

10/07/2017 3:06:03 PM | Posted in Commodities Reports read full news
Gold prices remained under immense pressure after release of strong US employment report - IIFL

Commodities

Gold prices remained under immense pressure after release of strong US employment report, with values tumbling to a four month low. In this regard, US economy created 222,000 jobs in June, much better than the ADP private payroll number of 158,000.Nevertheless, the unemployment rate marginally ticked higher to 4.4%, while the wage growth ca

10/07/2017 12:06:34 PM | Posted in Commodities Reports read full news
Silver trading range for the day is 35090-38010 - Kedia Commodity

Gold

Gold fell to the lowest in nearly four months after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose. U.S. non farm payrolls jumped by 222,000 jobs last month, the Labor Department said, beating expectations of a 179,000 gain. The latest batch of mostly upbeat jobs

10/07/2017 10:58:48 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 on Friday as market participants are little bullish as irregular monsoon and low price realization to farmers in the last season is discouraging sowing prospects for soybean in the country. Area under soybean crop across the country for the

10/07/2017 10:42:29 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold fell to the lowest in nearly four months on Friday after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose.

U.S. non farm payrolls jumped by 222,000 jobs last month, the Labor Department said, beating expectations of a 179,000 gain.

Gold has s

10/07/2017 10:30:19 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

Last week, spot gold prices declined by 2.3 percent to close at $1212 per ounce. The pace of growth in the U.S. economy's service sector accelerated in June, as stronger demand offset slower employment gains, according to the Institute for Supply Management. Gold has shed about 6 percent sinc

10/07/2017 10:11:10 AM | Posted in Commodities Reports read full news
Crude oil prices can be expected to give a pullback to reach $44.83-46(2890-2930) level - Enrich Commodities

Crude Oil

Crude Oil on Friday 7th July 2017, Crude Oil July futures prices down by (-84) pts (-2.85%) closed at 2863, trading range between 2835 – 2933 Crude oil for August delivery on the New York Mercantile Exchange settled at $45.23 a barrel.

Oil prices fell sharply on Friday to log their sixth weekly loss in the past seven weeks, a

10/07/2017 8:56:23 AM | Posted in Commodities Reports read full news
The previous bearish flag chart pattern tested lower target during the last trading session- Enrich Commodities

Gold

Gold on Friday 7th July 2017, Gold prices down by 332 pts closed at 27784 trading range between 28118-27724 and August Comex Gold futures settled at $1209.70 division of the New York Mercantile Exchange.

Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures, which are denominated in

10/07/2017 8:53:51 AM | Posted in Commodities Reports read full news
Evening Update For 7th July 2017 - Angel Commodities

News and Analysis

*Markets keenly await US Nonfarm payrolls data.

* US ADP Non-Farm Employment Change fell by 158K in June’17.

* US Crude Oil Inventories plunged by 6.3 mn bbl last week

 

European markets are trading lower today ahead of release of US nonfarm payrolls report. Asian markets ended lower

World Gold Council has lowered India`s gold consumption forecasts for 2017 - IIFL

Commodities

Gold prices traded on an uneventful note, as rising sovereign bond yields in the developed world have dented the buying appetite for the yellow metal. In this regard, US 10yr yields are at six week high, while yields on German 10yr Bund is at 18 month high of 0.57%. On demand front, World Gold Council has lowered India’s gold consumpt

7/07/2017 11:12:55 AM | Posted in Commodities Reports read full news
Gold trading range for the day is 28036-28228 - Kedia Commodity

Gold

Gold pared gains as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes and Treasury yields firmed. The ADP National Employment Report showed private sector payrolls increased by 158,000 jobs last month, lower than the 230,000 positions created in May and below expectations for a

7/07/2017 11:04:48 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade negative - Sushil Finance

Gold

Gold eased but hovered above the previous session's two-month low on Thursday as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of U.S. interest rate hikes this year and Treasury yields firmed.

The metal remained hemmed into a narrow range ahead of key U.S. non-farm payrolls data on Friday

7/07/2017 10:43:58 AM | Posted in Commodities Reports read full news
Crude oil prices eased from highs but ultimately settled higher - Enrich Commodities

CRUDE OIL

Crude Oil on Thursday 6th July 2017, Crude Oil July futures prices Up by (9) pts (0.31%) closed at 2947, trading range between 2932 – 3019. Crude oil for August delivery on the New York Mercantile Exchange settled at $45.52 a barrel.

Crude oil prices fell sharply in Asia on Friday as investors shrugged off U.S. inventory data

7/07/2017 10:32:07 AM | Posted in Commodities Reports read full news
The current downtrend in price may continue steadily - Enrich Commodities

GOLD

Gold on Thursday 7th July 2017, Gold prices up by 9 pts closed at 28116 trading range between 28092 - 28188 and August Comex Gold futures settled at $1223.30 division of the New York Mercantile Exchange.

On Friday, the Gold prices fell as the dollar revived and investors looked ahead to more data on U.S. inflation.

On Thursday

7/07/2017 10:27:29 AM | Posted in Commodities Reports read full news