Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

Gold price crashes nearly 3% to Rs 47,000/10 gm on MCX on broad-based selloff; Silver corrects Rs 1,873 a kg

BUSINESS

Gold price crashes nearly 3% to Rs 47,000/10 gm on MCX on broad-based selloff; Silver corrects Rs 1,873 a kg

Patel said, 'Gold prices are witnessing selling on the stronger dollar on FED tapering signals. The hawkish stance has led investors outflow from a safe-haven asset with steady economic recovery.'

Natural gas futures remain firm ahead of inventory report

BUSINESS

Natural gas futures remain firm ahead of inventory report

The momentum indicator Relative Strength Index (RSI) is at 63.63, which suggests bullish movement in the price.

Gold price eases ahead of Fed's rate decision; silver rises Rs 191 a kg

BUSINESS

Gold price eases ahead of Fed's rate decision; silver rises Rs 191 a kg

Gold has already corrected in expectation that Fed may hint toward monetary tightening and further movement may come from actual stance of the central bank, Rao added.

Crude oil hit fresh high on higher demand prospect; Brent inches closer to $75 a barrel

BUSINESS

Crude oil hit fresh high on higher demand prospect; Brent inches closer to $75 a barrel

Crude oil has continued to set new highs indicating upward momentum but there is a disconnect with larger markets and price may succumb to profit taking if inventory report disappoints.

Silver prices rise after two days of fall on gold firmness and dollar weakness

BUSINESS

Silver prices rise after two days of fall on gold firmness and dollar weakness

The spot gold/silver ratio currently stands at 66.97 to 1 indicating that silver has outperformed gold.

Natural gas futures slip on profit booking after touching June series high in yesterday's session

BUSINESS

Natural gas futures slip on profit booking after touching June series high in yesterday's session

The momentum indicator Relative Strength Index (RSI) is at 60.35, which suggests positive movement in the price.

Gold price rises on persistent weakness in rupee, ahead of Fed rate decision; silver slips

BUSINESS

Gold price rises on persistent weakness in rupee, ahead of Fed rate decision; silver slips

Gold has already corrected sharply in anticipation of Fed's hawkish stance so we may see range bound and choppy trade ahead of the decision.

Crude oil futures within striking distance of fresh 52-week high; Brent nears $74 per barrel

BUSINESS

Crude oil futures within striking distance of fresh 52-week high; Brent nears $74 per barrel

Crude oil has held firm on demand expectations; however, persistent weakness in commodities may keep a check on the gains.

Silver prices edge lower for second day on firm dollar, industrial metal selloff; Demand to rise by 11%, says Silver Institute

BUSINESS

Silver prices edge lower for second day on firm dollar, industrial metal selloff; Demand to rise by 11%, says Silver Institute

Technically, LBMA Silver is trading below $28.00 which is a signal for the continuation of the current bearish momentum up to $27.20-$26.70 levels.

Natural gas futures hit new high for June series; speculators raise net long positions

BUSINESS

Natural gas futures hit new high for June series; speculators raise net long positions

The momentum indicator Relative Strength Index is at 70.39, which suggests upbeat movement in the price.

Gold price tumbles near Rs 48,000/10 gm as investors shift to riskier assets; silver tanks Rs 799/kg

BUSINESS

Gold price tumbles near Rs 48,000/10 gm as investors shift to riskier assets; silver tanks Rs 799/kg

Gold may remain under pressure amid firmer US dollar however a sharp fall is unlikely as Fed is likely to maintain a dovish stance.

Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions

BUSINESS

Crude oil scales to fresh 52-week high on fuel demand recovery hope; speculators raise net long positions

Crude oil prices rose on fuel demand recovery hopes from the US, China and Europe with ease in lockdown measures and reopening of the economic activities.

Silver prices slip on weak gold, ETF outflow ahead of key Fed meeting

BUSINESS

Silver prices slip on weak gold, ETF outflow ahead of key Fed meeting

Technically, LBMA Silver is below $28.30 and will continue its bearish momentum up to $27.40-$26.70 levels.

Natural gas futures ease after climbing 7.15% last week; expert suggests buy for target of Rs 260 levels

BUSINESS

Natural gas futures ease after climbing 7.15% last week; expert suggests buy for target of Rs 260 levels

The RSI indicator on daily and weekly charts is suggesting strength in the momentum on the upside.

Cotton price slips for second day on weak global cues; expert says outlook bullish

BUSINESS

Cotton price slips for second day on weak global cues; expert says outlook bullish

Subramaniam expects MCX Cotton futures to trade bullish as the global cotton production and stocks have shown decline on a monthly basis, based on recent USDA report.

Gold price jumps nearly 1% in the week to Rs 49,028/10 gm; silver climbs Rs 915 a kg

BUSINESS

Gold price jumps nearly 1% in the week to Rs 49,028/10 gm; silver climbs Rs 915 a kg

The gold/silver ratio currently stands at 67.96 to 1, which means 67.96 ounces of silver is required to buy an ounce of gold.

Crude oil rises on upbeat growth outlook, jumps 2.67% so far this week

BUSINESS

Crude oil rises on upbeat growth outlook, jumps 2.67% so far this week

The oil price is supported by a sharp drop in US crude stocks, OPEC’s upbeat growth outlook and choppy US dollar index.

Natural gas futures hit fresh high for June series; outlook bullish

BUSINESS

Natural gas futures hit fresh high for June series; outlook bullish

Technically, NYMEX Natural Gas has important resistance at $3.224 and could move towards $3.334 levels.

Gold prices fall for the second straight day to Rs 48,750/10 gram, silver rises by Rs 405 a kg

BUSINESS

Gold prices fall for the second straight day to Rs 48,750/10 gram, silver rises by Rs 405 a kg

International Gold is trading with negative bias below $1,900 levels and may continue to decline and test the major support of $1,870-1,860 levels.

Crude oil trades at day's high as WTI regains $70/bbl, just shy of fresh 52 weeks high

BUSINESS

Crude oil trades at day's high as WTI regains $70/bbl, just shy of fresh 52 weeks high

However, weighing on crude is choppiness in the equity market and concerns about Chinese demand amid mixed data and efforts to curb rising raw material prices.

Silver prices slide ahead of US Inflation data, firm dollar

BUSINESS

Silver prices slide ahead of US Inflation data, firm dollar

The spot gold/silver ratio currently stands at 67.92 to 1 indicating that silver has outperformed gold. The ratio is testing the support level at the 50 EMA at 67.90.

Natural gas futures remain firm ahead of inventory report

BUSINESS

Natural gas futures remain firm ahead of inventory report

Technically, NYMEX Natural Gas could trade in the range of $3.05--3.250 levels.

Aluminium price steady on subdued global trend; plummeting stocks signal tighter market

BUSINESS

Aluminium price steady on subdued global trend; plummeting stocks signal tighter market

Limited output from major aluminium producer China coupled with plummeting LME Aluminium inventories signal towards a tighter aluminium market which might be supportive of the prices.

Gold prices flat at Rs 48,981/10 gm on subdued global cues; Silver corrects by Rs 512 a kg

BUSINESS

Gold prices flat at Rs 48,981/10 gm on subdued global cues; Silver corrects by Rs 512 a kg

Gold may remain choppy reflecting volatility in the equity market and the US dollar; however, the general bias may be on the upside unless the US dollar edges up sharply.

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