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.
Gold Silver Reports — Gold Sees Flat Moves After Latest Rebound — Gold futures consolidated a little today as poor speculative demand capped the metal. Prices have witnessed a sharp recovery from lows near $1200 per ounce and currently linger just under $1230 per ounce, almost unchanged on the day. MCX Gold futures are also trading flat around Rs 28500 per 10 grams.
Gold Silver Reports — Copper Speculative Longs Near Five Month Low — Large speculators and traders continued to cut their net positions in the copper futures markets last week for a sixth consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Silver Reports — Indian Crude Oil Basket Stays Under $51 Mark — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.44 per barrel (bbl) on 17.03.2017.
Gold Silver Reports — Crude oil futures witnessed a heavy tumble as rising output from the US remained a threat to efforts by other major producers to re-balance the market.
Gold Silver Reports — A sharp recovery was noted in Gold following the slightly dovish stance of US Fed. COMEX Gold futures soared around a two week high as continued weakness in the dollar following the Federal Reserves cautionary stance on the pace of interest-rate increases this year boosted the sentiments.
Gold Silver Reports — Technically market is under short covering as market has witnessed drop in open interest by 1.39% to settled at 13655 while prices up 311 rupees.
Gold Silver Reports — Technically now Crude oil is getting support at 3150 and below same could see a test of 3182 level, And resistance is now likely to be seen at 3222, a move above could see prices testing 3250.