The next tranche of Sovereign Gold Bond Scheme (SGBs) 2021-22 opens for subscription today. Buying gold in the festive season is considered auspicious in India.
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.
Gold Inflation-Haven Appeal Means ‘Violent’ Run-Up May Be Ahead
One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.
सोने की मांग में इस साल कमी | Neal Bhai Reports
भारत में दिवाली सोना खरीदना शुभ माना जाता है। लेकिन कोरोना संकट के चलते मांग में कमी आई है। विश्व स्वर्ण परिषद (WGC ) ने कहा है कि भारत में जारी कोविड से संबंधित व्यवधानों के बाद इस साल सोने की मांग कम रहने की संभावना है। लेकिन अगले साल मांग में एक बार फिर तेजी दर्ज की जा सकती है।
Bullion Trading at Premium on Inflation Fears | Neal Bhai
Bullion Trading: Gold rose for a second day as the U.S. dollar extended declines, with investors waiting for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy.
WTI stays above $82.00 ahead of EIA Inventories | Neal Bhai
WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
Oil at $100 a Barrel Is ‘Possible’ This Winter, Mercuria Says
It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.
Copper Spread Widens to Most in More Than 25 Years on Supply Squeeze
The copper market is so tight that spot contracts traded at the biggest premium over futures in at least 27 years in London.