Copper futures plunge 2.02% on global cues

Copper futures slipped over 2 per cent during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal as supply concerns ease after workers agreed to end a strike at Escondida, the world's top copper mine, in Chile.

Besides, the prices of copper were also dragged down as risk appetite fell after Trump's defeat

Silver shines as dollar hurt on Trump's healthcare defeat

Silver futures were trading higher during evening trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal buoyed by safe-haven demand on weakness in the US dollar as traders weighed down US President Trump's defeat over passing healthcare reform, raised doubts over his ability to push through his economic agenda.

Trump suf

QIA chief says he's 'absolutely' confident in Rosneft investment

LONDON  - Qatar is "absolutely" confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar's sovereign wealth fund said on Monday, speaking to Reuters on the sidelines of an investment conference in London.

Qatar Investment Authority and commodities trader Glencore paid $10.8 billion for a 19.5 percent stake i

Gold glitters as dollar hurt on Donald Trump's healthcare defeat

Gold futures were trading higher during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal buoyed by safe-haven demand on weakness in the US dollar as traders weighed down US President Trump's defeat over passing healthcare reform, raised doubts over his ability to push through his economic agenda.

Trump suf

Crude oil futures in reverse gear

Crude oil futures plunged over 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the energy commodity weighed down by rising US drilling activity.

However, talks between the OPEC and other producers over the weekend aimed at extending a production cut beyond the middle of 2017 to prop up the market, restricted fur

Oil slips towards $50 on doubts over output-cut extension

By Alex Lawler

LONDON - Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.

A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal, stopping short of an earlier draft statement t

Sluggish demand drags down lead futures by 1.53%

Lead futures fell over 1 per cent during morning trade in the domestic market on Monday as investors and speculators cut down their positions in the industrial metal amid subdued physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures t

Subdued physical demand bites aluminium futures

Aluminium futures were trading lower during morning trade in the domestic market on Monday as investors and speculators trimmed their bets in the industrial metal amid diminishing physical demand for aluminium at the domestic spot market.

Further, sluggish physical demand for aluminium at the domestic spot market was due to cut down of positions by traders in the spot markets, influen

Mentha oil futures little changed as demand picks up

Mentha oil futures were little changed during morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh bets in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, widening of positions by traders in the spot market was led by a surge in physical demand for

Muted physical demand bites cardamom

Cardamom futures were trading lower during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downwardtrend in the domestic cardamom pric

Oil falls on rising U.S. drilling, uncertainty of OPEC-led cut extension

By Henning Gloystein

SINGAPORE  - Oil prices fell on Monday, pulled down by rising U.S. drilling activity and by doubts whether an OPEC-led production cut initially due to end in mid-2017 would be extended.

Benchmark Brent crude futures  fell by 33 cents, or 0.65 percent, from their last close to $50.47 per barrel by 0653 GMT.

In the Unit

Gold hits one-month high after Trump doubts knock dollar, stocks

By Jan Harvey

LONDON - Gold rallied more than 1 percent on Monday after U.S. President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans.

That knocked the dollar to a four-month low versus a currency basket and drove a drop in stock markets, with

China Jan-Feb industrial profits surge most in nearly 6 years as commodities rally

BEIJING - Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of commodities from coal to iron ore raced higher.

Stronger earnings could give a further boost to fixed-asset investment, which quickened early in the year, and give China's "smokestack" industries mor

OPEC, non-OPEC to look at extending oil-output cut by six months

By Vladimir Soldatkin and Rania El Gamal

KUWAIT  - A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

An earlier draft of the statement had said the committee "reports high level of conformity and recomme

ONGC's exploration mission begins in northeast: Official

State-owned ONGC has began exploration works in northeast India to attract more gas based industries in the region, top official said.

"ONGC (Oil and Natural Gas Corporation) has vigorously embarked on exploration works to explore more natural gas," ONGC Director (Onshore) V.P. Mahawar told reporters here on Saturday night.

He said :"The ONGC has targeted to d

Pulse traders demand lifting of export ban

In view of bumper crop and stable prices in the market, pulse traders on Saturday demanded "removal of stock limits" and "lifting of ban on exports" of pulses, particularly for the varieties which are traded below the minimum support price (MSP).

"Our association has demanded the removal of stock limits and lifting of exports ban on pulses, particularly of the

26/03/2017 10:52:03 AM | Posted in Commodity Top News read full news
Gold set for second weekly gain, eyes on U.S. healthcare vote

By Peter Hobson

LONDON  - Gold was on track for a second weekly gain on Friday as concern about the ability of U.S. President Donald Trump to push legislation through Congress held the dollar near 7-week lows, making bullion cheaper for holders of other currencies.

Spot gold was up 0.1 percent at $1,245.53 an ounce at 1131 GMT. The metal has risen 1.4 p

Zinc futures surge 0.27% as demand picks up

Zinc futures were trading higher during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on increase in demand despite firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to t

Nickel futures in reverse gear on global cues

Nickel futures were trading lower during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal on firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to try to close the deal with Re

India's monsoon likely to escape El Nino unscathed - IMD

By Sudarshan Varadhan and Mayank Bhardwaj

NEW DELHI  - India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season, a top weather official said, indicating a timely arrival of crop-nourishing rains.

Monsoon rains, the lifeblood for India's farm-dependen

High gold prices keep demand in check, Indian jewellers stock up for festival

By Rajendra Jadhav and Arpan Varghese

BENGALURU/MUMBAI  - An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal.

The spot gold international benchmark is set for a second week of gains, with prices supported by uncertainty surrounding U.S. Pres

Copper futures in reverse gear

Copper futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal as supply concerns ease after striking union members agreeing to return to work at Escondida, the world's top copper mine, in Chile.

The prices of copper were dragged down after the strike at Escondida copper mine in

Yellow metal loses shine as markets await US healthcare vote

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued safe-haven demand on firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to tr

Crude oil futures little changed as Saudis cut supplies to US

Crude oil futures were little changed during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity helped by a slide in Saudi exports to the US, however, overall markets remained under pressure as world market flooded with fuel.

Further, the prices of crude oil rose after a report that Saudi Arabia's crude ex

Gold edges down on firmer dollar, palladium hits two-year peak

By Devika Krishna Kumar and Eric Onstad

NEW YORK/LONDON  - Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector.

Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 p.m. EDT (1821 GMT), retreating from an intraday peak of $1,253.12, its highes