mcx copper opened on a flat note and buying momentum seen in the second part of the session . on the hourly chart copper is trading above 20 and 60 hourly SMA..
* Comex gold prices declined almost 0.50% on Wednesday due to a surge in US 10 year bond yields
* According to Fed meeting minutes released on Wedne..
• A mixed trend was seen in spices complex on NCDEX on Wednesday. Jeera futures continued rising and hit a fresh record high on fall in production in 2021..
Gold LBMA Spot :
Inability to break the support of $1760 there are chances of a mild recovery initially. However, a direct fall below the same would trigger major liqu..
Silver trading range for the day is 55932-58482.
Silver dropped as a stronger dollar spooked investors away from the non-yielding metal.
US retail sales s..
Gold trading range for the day is 51164-52154.
Gold prices extended losses as the dollar and U.S. Treasury yields firmed
Price seen under pressure amid expe..
Crude oil :
Crude oil trading range for the day is 6723-7225
Crude oil rose after government data showed US crude stockpiles declined by the most in four months
Turmeric trading range for the day is 7282-7446.
Turmeric prices seen supported amid expectations of decline in sown area in the ongoing kharif sowing seas..
yesterday settled up by 0.69% at 49900 after a federal report cut forecasts for global and U.S. production. In its monthly supply-demand report, the Unit..
Gold is below 50 and 200 moving average. Sell on rise is recommended near 52000 for tgt of 51500 and stoploss of 52250
Gold : yeste rday settled down by -0.57% at 51543 as the dollar and U.S. Treasury yields firmed, while investors zoned in on the upcoming minutes from the U.S. Federal Re..
Daily Commodity Market Updates
News in headlines:
* Oil prices ease as Russia output increases
* Oil Recovery Runs out of gas on Fears of a Supply Glut
Rupee weakens against US dollar on Thursday
Euro testing support as Ukraine crisis looms over growth
India rupee sees worst week in seven on new variant
Indian rupee weakens against US dollar on Monday
Currency Squeeze: Rupee expected to weaken further
Quote on Nifty: The trend remains positive as the index has been sustaining above the major Says Rupak De, LKP Securities
Daily market commentary By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
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