Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

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.

Crude oil soars to fresh high since October 16, 2018 on demand recovery hopes, Brent inches closer to $73/bbl

BUSINESS

Crude oil soars to fresh high since October 16, 2018 on demand recovery hopes, Brent inches closer to $73/bbl

Crude oil prices are expected to trade sideways to higher for the day with resistance at $72 and support at $68 per barrel.

Silver prices marginally lower on ETF outflow, weakness in gold and industrial metals

BUSINESS

Silver prices marginally lower on ETF outflow, weakness in gold and industrial metals

The momentum indicator Relative Strength Index (RSI) is at 50.29, which indicates neutral movement in the price.

Natural gas futures cool off after hitting a four-month high

BUSINESS

Natural gas futures cool off after hitting a four-month high

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

Zinc futures fall as dollar rebound; Choice Broking says outlook bullish

BUSINESS

Zinc futures fall as dollar rebound; Choice Broking says outlook bullish

The momentum indicator Relative Strength Index (RSI) is at 51.78 which indicates neutral movement in prices.

Gold prices back above Rs 49,000/10 gm on weaker rupee, silver rises Rs 581 a kg

BUSINESS

Gold prices back above Rs 49,000/10 gm on weaker rupee, silver rises Rs 581 a kg

The broader range on COMEX could be between $1,883-1,908 and on the domestic front, prices could hover in the range of Rs 48,850- 49,250, said Damani.

Silver prices fall on weaker gold, industrial metals; US dollar recovers

BUSINESS

Silver prices fall on weaker gold, industrial metals; US dollar recovers

Kotak Securities said silver may witness choppy trade unless gold gains direction hence we recommend waiting for corrective dips unless there are fresh triggers.

Copper price jumps as investors lap inventory at lower level, dollar slips

BUSINESS

Copper price jumps as investors lap inventory at lower level, dollar slips

The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than the 5 and 20 days’ moving average on the daily chart.

Gold prices decline for 3rd consecutive day to Rs 48,578/10 gm, down 0.16% in the week; Silver slumps

BUSINESS

Gold prices decline for 3rd consecutive day to Rs 48,578/10 gm, down 0.16% in the week; Silver slumps

Gold's sharp up move in last few weeks has made it vulnerable to profit taking which may extend further if US dollar strengthens further, said Rao.

Silver price eases as US Dollar rebound, expert advises sell for target of Rs 69,000

BUSINESS

Silver price eases as US Dollar rebound, expert advises sell for target of Rs 69,000

LBMA Silver is trading below 21-Daily Moving Average which is placed at $27.70 levels indicating for sideways to marginal downside momentum up to $27.14-$26.77 levels.

Natural gas futures up nearly 1% at Rs 224.40/mmBtu on firm global cues

BUSINESS

Natural gas futures up nearly 1% at Rs 224.40/mmBtu on firm global cues

Natural gas has continued to hold above $3/mmBtu level and with general optimism about a pickup in cooling demand, prices may remain supported, said Kotak Securities.

Copper price tumbles on weak demand prospect, firm dollar; gives negative breakout

BUSINESS

Copper price tumbles on weak demand prospect, firm dollar; gives negative breakout

MCX Copper has given a negative breakout from the rising trend line channel, price is expected to trade negatively, said Axis Securities.

Gold prices fall for second day to Rs 49,002/10 gm on stronger rupee, ETF outflow; silver slips

BUSINESS

Gold prices fall for second day to Rs 49,002/10 gm on stronger rupee, ETF outflow; silver slips

Technically, International Gold is trading with bearish momentum near $1,900 levels and may continue to decline and test the support of $1,892-$1,885 levels.

Crude oil prices snap five-day winning streak, demand outlook remains robust

BUSINESS

Crude oil prices snap five-day winning streak, demand outlook remains robust

Market players will take further cues from US EIA weekly inventory data due later in the day.

Cotton price hits record high of Rs 23,940 a bale on rising demand, falling supply

BUSINESS

Cotton price hits record high of Rs 23,940 a bale on rising demand, falling supply

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-day simple moving averages and exponential moving averages on the daily chart.

Natural gas futures firm ahead of inventory report, trades above key averages

BUSINESS

Natural gas futures firm ahead of inventory report, trades above key averages

The gas prices were supported by warm weather in parts of the United States thus increasing cooling demand.

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