West Texas Intermediate oil jumps for June delivery gained $1.16 to $12.73 a barrel at 6:04 p.m. in New York. That stemmed a massive selloff over the past two days that took the May contract below zero.
Commodity News
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MCX Extend Trading Hours for Commodity Segment from April 23, 2020
Multi-Commodity Exchange (MCX) will function from 09:00 hrs to 23:30 hrs for commodities, which is the previous trading hours, the exchange that controls more than 94 per cent of the trading volume, said in a statement.
Swiss Gold Exports to U.S. Rocketed Amid Fears of Shortages
Gold in New York vaults to deliver against futures contracts pushed prices on CME Group’s Comex exchange as much as 4% above spot prices in late March. Swiss exports of gold to the U.S surged to 43.2 tonnes in March, 2020.
Crude Oil spirals below zero in devastating day for global industry
The move was so violent and shocking that many traders struggled to explain it. They grasped wildly at possible causes all day long — had some big firm got caught wrong-footed? Or were inexperienced retail investors flummoxed by a market quirk? — but had no tangible evidence of anything to point to.
Zinc Supply Cuts Outstripped By Demand Destruction from Coronavirus
Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.
U.S. Mint has Sold 56,500 One-Ounce American Eagle Gold Bullion Coins
The U.S. mint has sold 56,500 one-ounce American Eagle Gold Bullion coins in the first two weeks of April. Sales for the month are up 465% compared to all of April 2019.
सोने ने एक हफ्ते में दूसरी बार बनाया ऑलटाइम हाई का रिकॉर्ड
सोने की कीमतों में 1% से ज्यादा की तेजी
मल्टी कमोडिटी एक्सचेंज (एमसीएक्स) में जून के भाव में सोमवार को शुरुआती कारोबार में सोने की कीमतों में 1% से ज्यादा की तेजी दर्ज की गई और यह उछलकर 45,800 रुपए प्रति दस ग्राम पर पहुंच गया।