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

White metal loses shine on muted demand

Silver futures were little changed during evening trade in the domestic market on Friday as investors and speculators remained on the sidelines in the precious metal on muted 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

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

Lead futures drop 0.58% on diminishing demand

Lead futures were trading lower during morning trade in the domestic market on Friday 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 trade.

Sluggish physical demand bites aluminium futures

Aluminium futures were trading lower during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.

Further, muted 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 climb 0.34% as demand ticks up

Mentha oil futures were trading higher during morning trade in the domestic market on Friday 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 mentha oil

Uptick in demand buoys cardamom futures

Cardamom futures were trading higher during morning trade in the domestic market on Friday as investors and speculators build up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upwardtrend in the domestic ca

All drill, no frack: U.S. shale leaves thousands of wells unfinished

By Devika Krishna Kumar

NEW YORK  - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

Rising U.S. shale output has rattled OPEC's most influential exporter S

Oil edges up as Saudis cut supplies to U.S., but global glut remains

By Libby George

LONDON  - Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-oversupplied market, but benchmark prices were on track for weekly losses as concerns persisted over an excess of crude.

Benchmark Brent crude futures were at $50.86 per barrel at 1040 GMT, up 30 cents from their last close.

EXCLUSIVE: Saudi exports to U.S. to fall by 300,000 bpd in March - official

By Rania El Gamal

DUBAI  - Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday.

The United States imported about 1.3 million bpd from OPEC's top exporter in February, according to

Liberty House mulls stake in troubled Italian steel mill - sources

LONDON - Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said.

The mill is owned by Algeria's Cevital Group, which has approached British financier Sanjeev Gupta, Liberty'

Saudi Arabia sees crude supply stable around 10 million bpd - sources

DUBAI - Saudi Arabia expects its crude oil supply to be stable at around 10 million barrels per day in the next few months, fully in line with the country's OPEC quota and regardless of possible fluctuations in monthly production, industry sources said.

Riyadh has stressed the importance of focussing on its supply rather than output as supply includes crude delive

Copper futures surge on supply concerns

Copper futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators sentiment revived in the industrial metal tracking positive cues globally. The prices of copper were lifted on increase in demand amid supply concerns that have been worsened by floods in Peru, just ahead of the start of the second quarter, seasonally strongest for demand.

World's top LNG buyers form alliance to push for flexible contracts

By Jane Chung and Yuka Obayashi

SEOUL/TOKYO  - The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers.

Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JER

Oil up from four-month lows, inventories curb recovery

By Edmund Blair

LONDON - Oil prices climbed off four-month lows on Thursday but the recovery was cautious with investors fretting that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.

Brent crude, the international benchmark for oil, was trading at $50.84 a barrel by 0915 GMT, up 20 cents on the day and rebounding from Wednesday'

Yellow metal little changed as dollar recovers

Gold futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal on muted safe-haven demand as the US dollar recovered from 7-week lows and markets looked to see if US President Trump could push through a Healthcare Bill.

Markets focus is on whether Trump can gather enough support in a

Crude oil futures rise 0.28% as demand picks up

Crude oil futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the energy commodity after the overnight losses, however, supply concerns kept the gains in check.

The US Energy Information Administration (EIA) data showed that, US crude inventories rising faster than expected, piling pressure on O

Lead futures slip 0.23% on subdued physical demand

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators cut down their positions in the industrial metal amid sluggish 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