According to Sushil Finance, Gold slipped on Tuesday from the previous day's four - month high, reflecting losses across the commodities complex as the U.S. dollar clawed back some losses the day after hitting a three - year low against a basket of currencies.
The house has a negative view on gold for Q4 of this year and expect it to trade around to trade around USD 1200-1250 per ounce, said Mark Keenan, Head of Commodities Research - Asia, Societe Generale.
Multi Commodity Exchange of India (MCX) posted a weak set of earnings in Q3; fall in margins as well as in revenue. Profit after tax dipped by 45 percent while margins too took a hit. In an interview to CNBC-TV18, Mrugank Paranjpe, MD & CEO of MCX gave a detailed insight into this quarter's earnings.
Spot gold was up 0.3 percent at $1,341.96 an ounce by 0123 GMT. It touched its strongest since Sept. 8 at $1,344.44 on Monday.
Prices have been driven up by production curbs in OPEC nations and Russia, as well as by healthy demand-growth.
In an interview with CNBC-TV18, Richard Harris, CEO of Port Shelter Investment Management shared his views and outlook on what is happening with the global markets.
According to Sushil Finance, Gold prices hit a four - month peak on Monday as the U.S. dollar index slumped to its lowest in three years but some analysts said the greenback's slide could be short - lived as it was not driven by fundamentals.
Prices have been driven up by production curbs in OPEC nations and Russia, as well by robust demand on the back of healthy global economic growth.
Oil prices trade near 3-year high. Brent crude prices are now near levels last seen before the start of an oil market slump in late 2014. In an interview with CNBC-TV18, Mark To, Head of Research at Wing Fung Financial Group shared his readings and outlook on the same.
Spot gold was up 0.2 percent at $1,341.92 an ounce by 1238 GMT after touching its strongest since Sept. 8 at $1,344.44. The precious metal rose for a fifth straight week last week, gaining 1.4 percent.
What is interesting about this market is that even though it has been growing in terms of total value, its growth rates have been muted.
According to Angel Commodities, reports of improved demand from the oil mills and higher incentives for oil meal export , improved estimates for meal exports and slow arrivals of soybean in physical market will support soybean prices
Watch the interview of T Gnanasekar of CommTrendz Research & Fund Management with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Brent crude futures, the international benchmark for oil prices, were at $69.85 per barrel at 0412 GMT, down 2 cents from their last close.
Spot gold was up 0.2 percent at $1,340.72 an ounce by 0302 GMT, after touching its strongest since Sept. 8 at $1,342.06
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend in commodities market and currency market action.
According to Angel Commodities, Soybean futures are expected to trade sideways to higher on reports of improved demand from the oil mills.
Prices for Brent crude oil futures, the international benchmark for oil prices, have risen by more than 50 percent since mid-2017 and hit $70 per barrel this week for the first since December 2014. Average Asian physical crude oil prices also moved over $70 per barrel in January.
Watch the interview of Prathamesh Mallya of Angel Commodities Broking with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Spot gold edged up 0.1 percent to $1,324 an ounce by 0100 GMT. Prices hit a near four-month high of $1,326.56 an ounce on Wednesday.
Despite the dip, analysts said market fundamentals going into 2018 were strong due to ongoing production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia that coincide with healthy demand growth.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space.
Watch the interview of T Gnanasekar CommTrendz Research with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space specifically Coffee.
Watch the interview of Rupa Mehta of Smriti Commodities with Manisha Gupta on CNBC-TV18. She spoke about the current trend in commodities market.