BUSINESS
Gold prices ease for 4th straight day to Rs 47,161/10 gm ahead of Powell's speech; silver crashes Rs 765 a kg
Gold has turned choppy after the recent sell-off however general bias may be on the downside unless the US dollar corrects sharply.
BUSINESS
Copper prices slide below $9,100/tonne; correct over 15% from lifetime high
The momentum indicator Relative Strength Index (RSI) is at 31.14, which indicates a bearish movement in prices.
BUSINESS
Crude oil jumps on upbeat demand outlook after rising 2% last week
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' simple moving averages and exponential moving averages on a daily chart.
BUSINESS
Silver prices rise tracking firm gold and dollar weakness; focus shifts to Powell's speech tomorrow
Technically, LBMA Silver could see support near $25.50-$25.25 levels where resistance is at $26.20-$26.80 levels.
BUSINESS
Natural gas futures fall on mixed weather outlook; analysts see further gain
The momentum indicator Relative Strength Index (RSI) is at 61.46, which suggests bullish movement in the price.
BUSINESS
Gold prices fall 3.59% as dollar soars; silver tumbles 4.79%
Though gold is seeing some relief rally, the general bias may remain on downside unless the US dollar corrects sharply.
BUSINESS
Mandatory gold hallmarking a win-win for buyers, sellers, says Malabar Gold & Diamonds chairman MP Ahammed
The company recently listed its international investment arm on the Nasdaq Dubai Private Market ahead of an IPO planned for 2024
BUSINESS
Natural gas futures decline on lower cooling demand; buy for a target of Rs 271/mmBtu, says Choice Broking
The momentum indicator Relative Strength Index (RSI) is at 57.27, which suggests upbeat movement in the price.
BUSINESS
Silver turns positive for 2021 after sharp selloff on firm global cues
Technically, LBMA Silver below $26.50 will continue its bearish momentum and could see further downside movement up to $25.80-$24.10 levels.
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.'
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
