Updates on Bullion, Base Metals and Energy Levels 16th February 18

Updates on Bullion, Base Metals and Energy Levels 16th February 18  Gold futures ended slightly lower on Thursday, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks. Moreover, expectations that the US Federal Reserve will raise interest rates to fight inflation make gold less attractive since it is not interest-yielding. Crude oil prices rallied for second day Thursday, rising...

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Commodity Alert: Zinc, nickel prices leading the metals complex high

Commodity Alert: Zinc, nickel prices leading the metals complex high Metals prices on the London Metal Exchange are up across the board, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday.Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) , with nickel and tin prices up 0.35 and zinc little changed. With the Lunar New Year break under way, volume has been light with 2,122 lots traded. Exchanges remain closed in China for...

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Commodity Alert :Gold edges higher as dollar hits two-week low

Commodity Alert :Gold edges higher as dollar hits two-week low Gold was on track for its fourth straight session of gains as the U.S. dollar slid to its lowest in two weeks on concerns about the impact of high U.S debt levels and tax cuts. The higher rates will come as a product of inflationary pressures from the $1.5 trillion infrastructure rebuilding and the rebuilding of Florida, Texas, California. The greenback has been hit by several setbacks this year, ranging from the possibility Washington might pursue a weak dollar...

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Agro Commodity Update (16th Feb-2018)

Agro Commodity Update (16th Feb-2018)  Fundamental Aspect: Soybean future prices fell yesterday mainly due to profit booking tracking noticed at higher level along with weak physical demand at this rate leads to disparity in meal prices for exports. According to data released by Solvent Extractors' Association of India (SEA), India exported 76,089 tn of oil meal in January, down 51% on year. But the export volume is higher...

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