Commodity News

Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.

Hecla Reports 2.5 Million Ounces of Silver and 72,995 Ounces of Gold Production in Third Quarter 2018

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“Our gold and silver production met our expectations, with gold production increasing due to the addition of two months of production from the Nevada operations and silver production declining due to lower expected grades at Greens Creek,” said Phillips S. Baker, Jr., President and CEO. “We are on track to meet annual production estimates at all operations.

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Gold Prices Kiss Over Three-Month High

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Gold prices have gained more than 6% after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce. “Now we have risen above the 100-day moving average (around $1,224), which is key, so maybe we can see it rise to $1,250, which could be the next target,” said Commerzbank analyst Carsten Fritsch.

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Rupee Moves Sharply Higher Against Dollar

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The rupee moved 42 paise higher against the dollar to hit 73.15 in early trade on Wednesday. Gains in the rupee came a day after crude oil prices registered their biggest single-session fall in three months. Selling of the greenback by exporters amid sharp losses in crude oil prices supported the rupee, say analysts.

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