Sell Gold rise on 28580-28600 Target 28480-28400 Stop loss at 28650 - Enrich Commodities

GOLD

Gold on Thursday 30th June 2017, Gold prices up by 41 pts closed at 28608 trading range between 28431 - 28629 and August Comex Gold futures closed at $1245.80 division of the New York Mercantile Exchange.

Gold prices bent down with the outbreak of remarks from central banks bosses mentioning at narrowing ultra-loose monetary policy proce

30/06/2017 11:23:04 AM | Posted in Commodities Reports read full news
We expect base metal prices likely to trade volatile - Sushil Finance

Gold

Gold prices fell on Thursday as signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent support.

Gold is highly sensitive to rising interest rates, which increase the opportunity cost of holding non-yie

30/06/2017 11:16:45 AM | Posted in Commodities Reports read full news
Cotton futures are expected trade sideways to lower - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean July futures on closed lower on Thursday still trading in a range, due good sowing progress of soybean and higher arrivals in physical market despite strong move in soyoil prices. The current spot prices have been 24% lower as compared to last year. As per the governmen

30/06/2017 10:57:07 AM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined marginally by 0.29 percent to close at $1245.2 per ounce s signs that central banks may scale back their ultra-loose monetary policy pushed bond yields higher on both sides of the Atlantic, though a decline in the dollar to its lows for the year lent suppor

30/06/2017 10:04:45 AM | Posted in Commodities Reports read full news
Evening Update For 29th June 2017 - Angel Commodities

News and Analysis

* Hawkish comments BY BoE and ECB hurt DX.

* LME Copper inventories plunged by 2.2 percent on Wednesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading lower today hurt by weakness in the domestic indices. Asian markets ended higher and the US stocks

29/06/2017 5:42:46 PM | Posted in Commodities Reports read full news
Buy Crude Oil around 2880-90 Target 2915-2950 Stop loss at 2864 - Enrich Commodities

CRUDE OIL

The Crude oil prices are under the buying pressure as a result of the inventory reports which indicate that the demand has increased to some extent after a slow start to the U.S. summer driving season. I can view this as a fundamental factor for the increase in demand.

OPEC delegates have notified that they will not rush to cut crud

29/06/2017 11:16:18 AM | Posted in Commodities Reports read full news
Gold prices bounced off session lows - Enrich Commodities

GOLD

Gold prices bounced off session lows, buoyed a slump in the dollar as U.S. political uncertainty resurfaced, after the Senate’s decision to delay a vote on a healthcare bill raised fresh doubts about President Trump’s ability to deliver on his pro-growth economic agenda.

President Donald Trump has reiterated several times tha

29/06/2017 11:08:55 AM | Posted in Commodities Reports read full news
Gold prices hovered around US$1,250/oz mark - IIFL

Commodities

Gold  prices hovered around US$1,250/oz mark, helped by weakness in US dollar against basket of currencies .However, growing  indications that days of monetary stimulus from ECB and BOE are numbered, has posed as a ceiling for gold prices. Meanwhile markets failed to derive anything from the recent remarks made by US  Fed Chi

29/06/2017 10:45:34 AM | Posted in Commodities Reports read full news
CPO trading range for the day is 486.3-491.1 - Kedia Commodity

Gold

Gold on MCX settled up at 2856 gained marginally but staying away from recent 6-week lows continuing to bounce back amid uncertainty about the global economy. Support also seen as dollar dropped below 96 level mark first time since November 2016 after a delayed U.S. healthcare bill increased doubts about President Donald Trump's ability to pa

29/06/2017 10:40:24 AM | Posted in Commodities Reports read full news
We expect Natural gas prices to trade positive - Sushil Finance

Gold

Gold prices rose on Wednesday as the dollar weakened for a second straight day following a global cyber attack and a delay to U.S. healthcare legislation that fueled doubts about President Donald Trump's ability to pass measures expected to boost the economy.

The dollar sank to its lowest level since November while the euro hit a one-year high afte

29/06/2017 10:17:58 AM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose marginally by 0.15 percent to close at $1248.8 per ounce on account of weak dollar and following a global cyber attack and a delay to U.S. healthcare legislation that fueled doubts about President Donald Trump's ability to pass measures expected to boost th

29/06/2017 9:59:38 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX closed down after good rise in the morning pressured by higher arrivals, weak edible oil prices and good sowing progress. The current prices have been 21% lower as compared to last year prices and there is further scope of price rise due to higher MSP de

29/06/2017 9:52:11 AM | Posted in Commodities Reports read full news
Evening Update For 28th June 2017 - Angel Commodities

News and Analysis

* Janet Yellen reiterates on gradual rate hikes.

* LME Copper inventories fell by 0.8 percent on Tuesday.

* US Consumer confidence rose to a nearly 16-year high in June’17.

European markets are trading mixed today weighed down by persistent fall in crude oil prices. Asian markets ended lower and th

28/06/2017 5:46:41 PM | Posted in Commodities Reports read full news
Natural gas prices traded higher on warmer temperatures - Alpha Commodity

Bullion

* Gold silver prices traded volatile with mixed factors in play. Prices traded steady on UK election uncertainty and ECB policy. The dollar index witnessed declined on US health care bill delay and ECB comments. Gold ETF holdings declined to 853.68 tonnes with lack of investors’ interest.

* Prices are expected to trade firm on mixed US economic data which are r

28/06/2017 4:05:14 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

Spot Gold prices closed marginally higher by 0.2 percent at $1247 per ounce as weakness in the DX after European Central Bank President Mario Draghi said in a speech in Portugal that changes to the central bank’s accommodative posture may see the ECB move “not in order to tighten the p

28/06/2017 12:25:14 PM | Posted in Commodities Reports read full news
This can potentially destabilize the financial markets - IIFL

Commodities

Precious metals bizarrely failed to benefit from weakness in US dollar, Postponement of US Senate vote on new healthcare bill and ratcheting Geopolitical tensions. On geopolitical front, US warned Syria of severe consequences, if it Conducts another chemical attack, as suspected by current intelligence. This warning was retaliated

28/06/2017 12:21:43 PM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean July futures on NCDEX closed higher on Tuesday despite good sowing progress. The prices have been supported by lower level buying and good physical markets players. The current prices have been 20% lower as compared to last year prices and there is further scope of price rise

28/06/2017 11:57:33 AM | Posted in Commodities Reports read full news
Ref.Soya oil trading range for the day is 621-637 - Kedia Commodity

Gold

Gold on MCX settled up 0.15% at 28553 as bargain hunting set in and the dollar fell before speeches by US Federal Reserve officials. The U.S. dollar slid to 10-month lows against the euro after the ECB's Draghi opened the door to steps that might begin to reduce the central bank's stimulus. U.S. Senate Republican leaders postponed a vote

28/06/2017 11:35:58 AM | Posted in Commodities Reports read full news
Buy Crude Oil around 2840-45 Target 2865-2900 stop loss at 2825 - Enrich Commodities

CRUDE OIL

Crude Oil on Tuesday 27th June 2017, Crude Oil June futures prices Up by 59 pts (2.11%) closed at 2860, trading range between 2807 -2877 on the New York, Mercantile Exchange, Crude oil for February delivery on the New York Mercantile Exchange to settle at $44.02 a barrel.

Oil prices fell early on Wednesday after a report of rising U

28/06/2017 11:10:40 AM | Posted in Commodities Reports read full news
Buy Gold around 28500 Target 28550-28600 Stop loss at 28460 - Enrich Commodities

GOLD

Gold on Tuesday 27th June 2017, Gold prices up by 43 pts closed at 28553 trading range between 28473-28648 and August Comex Gold futures closed at $1246.90 division of the New York Mercantile Exchange.

Gold prices moved off six-week lows, after the dollar fell to a seven-month low against rivals but gains were capped as Fed chair Janet Y

28/06/2017 10:56:54 AM | Posted in Commodities Reports read full news