May 07, 2021 09:46 PM IST
A steady decline in the Copper inventories in the LME monitored warehouse further signalled towards a tighter market which further strengthened the prices.
- May 07, 2021 07:27 PM IST
The market is trading in a strong uptrend and any dip in prices should be used as a buying opportunity for investors, said Purohit.
- May 07, 2021 06:46 PM IST
Gold prices were boosted by a fall in the dollar index and a decline in US bond yields.
- May 07, 2021 04:55 PM IST
The oil price has come under pressure after testing the highest level since early March.
- May 07, 2021 04:24 PM IST
On the MCX Natural Gas May resistances remain at Rs 218.40-221.30 whereas supports are at Rs 213.60-211.50 levels.
- May 07, 2021 03:55 PM IST
Both the momentum indicators RSI and MACD are also confirming positive moves for the metal.
- May 07, 2021 10:42 AM IST
The Bank of Canada Commodity Price Index is up by 86 percent over a year ago
- May 07, 2021 09:38 AM IST
On MCX, gold has support at Rs 47,330-47,100 and resistance at Rs 47,800-48,050. For silver, support is at Rs 71,100-70,700 and resistance at Rs 72,400-72,900, say experts.
- May 07, 2021 07:40 AM IST
Brent crude futures for July were at $68.17 a barrel by 0052 GMT, up 8 cents, while U.S. West Texas Intermediate (WTI) crude for June rose 9 cents to $64.80.
- May 06, 2021 10:32 PM IST
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.
- May 06, 2021 07:23 PM IST
The reopening of economies and speculative buying was the trigger for the move higher.
- May 06, 2021 06:15 PM IST
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.
- May 06, 2021 04:52 PM IST
Crude oil prices are fluctuating between pandemic worries and economic recovery raising demand hopes.
- May 06, 2021 03:42 PM IST
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.
- May 06, 2021 03:05 PM IST
The weather-related demand is likely to subside amid forecasts of seasonal weather in the coming days.
- May 06, 2021 10:09 AM IST
At MCX, Gold has support at 46800-46650 and resistance at 47180-47440; silver has support at 69100-68500 and resistance at 69700-71400 levels, suggest experts.
- May 05, 2021 11:38 AM IST
For the time, WTI prices can look to trade in the $60-$65 range until there is a clear sign of resumption in international passenger aviation.
- May 05, 2021 11:29 AM IST
Experts suggest buying in gold at around Rs 46,700 with a stop loss of Rs 46,440 for a target of Rs 47,100.
- May 04, 2021 11:08 AM IST
Experts suggest buying gold at around Rs 47,100 with a stop loss of Rs 46,880 for a target of Rs 47,600 and silver at around Rs 70,400 with a stop loss of Rs 69,800 for a target of Rs 71,600.
- May 04, 2021 09:05 AM IST
According to Malaysia's crude palm oil exports were 20.4% higher on month at 452,205 tn in April, according to data by private cargo surveyor AmSpec Agri.
- May 03, 2021 08:03 PM IST
Copper prices continued upside despite a boost in output from major mine and a rise in Shanghai inventories.
- May 03, 2021 07:35 PM IST
The broader range on COMEX could be between $1758- $1800 and on the domestic front, prices could hover in the range of Rs 46,760- Rs 47,220, said Navneet Damani, Vice President, Motilal Oswal.
- May 03, 2021 04:56 PM IST
Crude prices may reflect volatility in the larger financial market; however, a sharp rise is unlikely until the virus situation is under control.
- May 03, 2021 04:29 PM IST
The spot gold/silver ratio currently stands at 68.07 to 1 indicating that silver has outperformed gold.
- May 03, 2021 03:15 PM IST
The momentum indicator Relative Strength Index (RSI) is at 65.90, which indicates upbeat movement in the prices.