Commodity Market Tips Blog Posts

Crude Oil Rises On Production Cut Hopes

Crude oil futures was trading higher in the domestic market on Friday with indications that major producers are cutting back output, strong demand growth in China and a weaker dollar prompting prices to extend gains into a second straight session.&nb...

Silver Dips On Weak Global Cues

Silver futures were trading lower in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the preciou...

Oil Prices Rose By 1.5 Percent

WTI oil prices rose by 1.5 percent on Thursday to close at $53 per barrel on news that key crude exporters, including Saudi Arabia and Russia, were cutting production to reduce a global crude glut, and on forecasts of record demand in China.Oil price...

Gold Prices Rose By 0.34 Percent

On Thursday, spot gold prices rose by 0.34 percent to close at $1195.6 per ounce to its highest in seven weeks on Thursday as the dollar fell after U.S. President-elect Donald Trump's long-awaited news conference gave few details on economic policy.

Copper Slipped On Wednesday

Copper slipped on Wednesday after U.S. President-elect Donald Trump gave little guidance on new infrastructure spending at a press conference in New York, disappointing some who had hoped for a clearer view on policy. The metal, used in construction,...

Natural Gas Futures Edged Lower

U.S. natural gas futures edged lower on Wednesday after forecasts showed weather would remain less cold through late January, reducing heating demand. That followed a 5 percent decline for futures on Monday on expectations of warmer weather and a 5 p...

Zinc Futures Rise On Spot Demand, Global Cues

Zinc futures jumped during the morning trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on rise in demand from consuming industries amid weaker US dollar against a basket of other cu...

Silver Futures Closed Lower

Silver futures closed lower in the domestic market on Thursday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious me...

Gold Rises On Weak US Dollar

Gold futures closed higher in the domestic market on Thursday as the dollar fell on disappointment that President-elect Donald Trump didn’t provide details on his economic plans at a closely watched news conference.Gold is inversely influenced by m...

Aluminium Futures Rise On Surging Demand

Aluminium futures were trading higher during the morning trade in the domestic market on Friday as speculators built up fresh positions, driven by uptick in demand from consuming industries at domestic spot market.Marketmen said that fresh positions...

The Indian Rupee Appreciated

The Indian Rupee appreciated by 0.18 percent in yesterday’s trading session owing weak DX in the overseas market after the conference of US President elect Donald Trump. Trump mentioned nothing about tax cuts and infrastructure spending which were...

Japanese Yen Appreciated By 0.61

Japanese Yen appreciated by 0.61 percent yesterday as the longawaited news conference by President-elect Donald Trump provided scant clarity on future fiscal policies which disappointed the markets worldwide. This boosted the demand for safe haven Ye...

Sterling Pound Traded Lower

Sterling pound traded lower by 0.41 percent yesterday after the Bank of England Governor Mark Carney admitted Brexit is now a bigger risk for the continent than it is for the UK. Moreover, recent gains in the currency prompted the traders to book pro...

Gold Rises On Weak US Dollar

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as the U.S. dollar weakened amid uncertainty surrounding the Federal Reserve’s pace of interest-rate hikes. Gold has been well-supported in recent sessions a...

Silver Rises On Firm Global Cues

Silver futures were trading higher in the domestic market on Thursday as participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.At t...

Silver On MCX Settled Down

Silver on MCX settled down -0.21% at 41008 as the dollar recovered a bit from a sell-off after President-elect Donald Trump held a freewheeling press conference. Donald Trump provided little clarity on future fiscal policies in his first press confer...

Crudeoil On MCX Settled Up

Crudeoil on MCX settled up 2.16% at 3589 boosted by a weaker U.S. dollar following a news conference by U.S. President-elect Donald Trump and on news that Saudi Arabia had cut exports to Asia. Crude oil trader ignored the government data showing a bi...

Naturalgas On MCX Settled Down

Naturalgas on MCX settled down -0.67% at 223.10 traded with the higher volatility reversed course to edge lower Wednesday as exceptionally warm weather continued to weigh on the market. Volatile weather forecasts have caused natural gas prices to swi...

Copper On MCX Settled Down

Copper on MCX settled down -0.48% at 393.25 eased off one-month highs on Wednesday, in light profit-taking following several days of gains. Earlier in the week support seen after the news that the workers at Chile's Escondida copper mine - the world'...

Zinc On MCX Settled Down

Zinc on MCX settled down -0.84% at 183.60 dropped from the day's high tracking price movement from LME Three-month zinc which settled flat at $2,720 a tonne after touching its highest level in nearly a month in the more active London session. Zinc he...
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