Below is Daily Commodity Article by Mr. Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd
Gold prices traded in a narrow range in last session as US market was closed. Gold closed at 52680 with a gain of 214 points. The daily strength indicator RSI con..
Cotton yesterday settled up by 2.56% at 31660 as markets were receiving nearly a third lower in supplies than normal. Cotton supply is expected to remain around..
Gold LBMA Spot
Choppy with recovery bias is on the cards as long as the support of $1730 hold the downside. A direct drop below $1680 would trigger major liquidation p..
Turmeric trading range for the day is 7190-7478.
Turmeric prices gained as unseasonal rains in some parts of the country have affected the crops
As per ..
Crude oil trading range for the day is 6285-6495.
Crude oil trimmed some of losses seen earlier as surging Covid cases in China stoked fears of even tighte..
Copper trading range for the day is 672.9-683.9
Copper prices rose amid China's supportive measures for its property sector, a weaker U.S. dollar.
GLOBAL MARKET ROUND UP
* Commodity markets were subdued with US markets closed. There was no settlement on Thursday due to the Thanksgiving holiday in the US. Neverthe..
Silver trading range for the day is 61491-62711.
Silver rose after Fed's minutes showed a "substantial majority" supported slowing down the pac..
* Gold trading range for the day is 52392-52888.
* Gold climbed buoyed by fading Treasury yields, while the negative sentiment around the dollar lent further o..
Daily Commodities Outlook
• Gold prices edged higher on Thursday as the US dollar fell to a threemonth low after the release of minutes from th..
Gold yesterday settled up by 0.42% at 52671 buoyed by fading Treasury yields, while the negative sentiment around the dollar lent further optimism to bulls. A sub..
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