Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

Gold prices flat at Rs 47,757/10 gram, Axis Securities sees price at Rs 53,000 level by year-end; Silver drops

BUSINESS

Gold prices flat at Rs 47,757/10 gram, Axis Securities sees price at Rs 53,000 level by year-end; Silver drops

Gold may remain choppy reflecting volatility in the US dollar however we expect buying interest to emerge at lower levels as Fed is likely to maintain a dovish stance.

Cotton price drops on lower demand, increase area under cultivation

BUSINESS

Cotton price drops on lower demand, increase area under cultivation

The government has allowed mills to operate but markets are closed so mills are facing a cash crunch.

Silver prices rise near Rs 71,000/kg on ETF inflows, US dollar pullback

BUSINESS

Silver prices rise near Rs 71,000/kg on ETF inflows, US dollar pullback

The momentum indicator Relative Strength Index (RSI) is at 57.83, which indicates bullish movement in prices.

Natural gas marginally lower on subdued global trend, inline inventory data

BUSINESS

Natural gas marginally lower on subdued global trend, inline inventory data

The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on a daily chart.

Blockchain technology will play pivotal role in agri-tech sector: Origo Commodities

BUSINESS

Blockchain technology will play pivotal role in agri-tech sector: Origo Commodities

Origo Co-Founder and Director Sunoor Kaul believes the agri space is likely to become more democratised, considering people of all denominations and financial standing will be availing credit, direct access to commodity supplies and sales, top-class warehousing solutions, etc.

Gold prices slide globally on broad asset sell-off, stronger US dollar

BUSINESS

Gold prices slide globally on broad asset sell-off, stronger US dollar

The momentum indicator Relative Strength Index (RSI) is at 53.68 which indicates sideways momentum in prices.

Gold breaks out after brief consolidation, climbs 2.19% this week; bullish momentum to sustain: Experts

BUSINESS

Gold breaks out after brief consolidation, climbs 2.19% this week; bullish momentum to sustain: Experts

In the medium to long term horizon, gold and silver could continue their upside momentum supported by the dovish Fed.

Crude palm oil at all-time high on strong demand; analysts maintain bullish outlook

BUSINESS

Crude palm oil at all-time high on strong demand; analysts maintain bullish outlook

The momentum indicator Relative Strength Index is at 61 which indicates bullish movement in prices.

Crude oil may see rebound in demand: Check outlook, strategy for coming week

BUSINESS

Crude oil may see rebound in demand: Check outlook, strategy for coming week

The market continued to show signs of strength and confidence that global demand can continue to go higher despite a rise in COVID-19 cases in India.

Copper hits all-time high levels on rising demand, forms cup and handle chart pattern

BUSINESS

Copper hits all-time high levels on rising demand, forms cup and handle chart pattern

Copper future has formed a cup and handle chart pattern on the daily chart and the price has remained in quite bullish suggestion for the coming week.

Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish

BUSINESS

Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish

The momentum indicator Relative Strength Index is at 58.73 which indicates positive movement in prices.

Is silver ready to outshine gold, after rising 6% to Rs 71,500/kg this week?

BUSINESS

Is silver ready to outshine gold, after rising 6% to Rs 71,500/kg this week?

The Relative Strength Index sustaining above mid-level of 50 and MACD above zero line indicating strength in price.

MCX natural gas prices fall to Rs 217.30/mmBtu this week; experts back sell-on-rise strategy

BUSINESS

MCX natural gas prices fall to Rs 217.30/mmBtu this week; experts back sell-on-rise strategy

Traders should keep an eye on the sell-on-rise opportunity in MCX natural gas futures from the resistance level of around Rs 208-209.

Copper in unchartered territory as price hits lifetime on LME, COMEX and MCX on surging demand

BUSINESS

Copper in unchartered territory as price hits lifetime on LME, COMEX and MCX on surging demand

A steady decline in the Copper inventories in the LME monitored warehouse further signalled towards a tighter market which further strengthened the prices.

Crude palm oil touches fresh lifetime high on firm demand, strong global cues

BUSINESS

Crude palm oil touches fresh lifetime high on firm demand, strong global cues

The market is trading in a strong uptrend and any dip in prices should be used as a buying opportunity for investors, said Purohit.

Gold rises for 3rd day to Rs 47,484/10 gm, crosses 100-day EMA and SMA; Silver dearer by Rs 1,535

BUSINESS

Gold rises for 3rd day to Rs 47,484/10 gm, crosses 100-day EMA and SMA; Silver dearer by Rs 1,535

Gold prices were boosted by a fall in the dollar index and a decline in US bond yields.

Crude oil futures fall amid rising coronavirus cases; Platts see it at $70/bbl by mid-year

BUSINESS

Crude oil futures fall amid rising coronavirus cases; Platts see it at $70/bbl by mid-year

The oil price has come under pressure after testing the highest level since early March.

Natural gas futures trade in tight range amid lack of fresh triggers

BUSINESS

Natural gas futures trade in tight range amid lack of fresh triggers

On the MCX Natural Gas May resistances remain at Rs 218.40-221.30 whereas supports are at Rs 213.60-211.50 levels.

Silver eases after sharp rally; heading toward $28/oz, says Motilal Oswal

BUSINESS

Silver eases after sharp rally; heading toward $28/oz, says Motilal Oswal

Both the momentum indicators RSI and MACD are also confirming positive moves for the metal.

MCX Aluminium hits lifetime high, LME price nears $2,500/tonne amid supply disruption

BUSINESS

MCX Aluminium hits lifetime high, LME price nears $2,500/tonne amid supply disruption

Mounting supply side stress amid an improved demand outlook for aluminium and other industrial metals might continue to support the prices in the near term.

MCX Copper nears lifetime high, LME surges above $10,000/tonne on resumption in economic activity

BUSINESS

MCX Copper nears lifetime high, LME surges above $10,000/tonne on resumption in economic activity

The reopening of economies and speculative buying was the trigger for the move higher.

Gold prices near Rs 47,000/10 gm as US dollar slides; silver rises Rs 465 a kg

BUSINESS

Gold prices near Rs 47,000/10 gm as US dollar slides; silver rises Rs 465 a kg

As long as prices stay above $1,760 we can expect the positive bias to remain intact but it is required to close above $1800 to continue major rallies, said Hareesh V.

Crude oil turns choppy on surging COVID-19 cases; pares gains

BUSINESS

Crude oil turns choppy on surging COVID-19 cases; pares gains

Crude oil prices are fluctuating between pandemic worries and economic recovery raising demand hopes.

Silver climbs above Rs 70,000/kg on improving industrial demand, dollar weakness

BUSINESS

Silver climbs above Rs 70,000/kg on improving industrial demand, dollar weakness

The trend in US dollar and bond yields may continue to affect gold and silver and the focus will be on economic data from major economies.

Sections