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 — Pepper Arrivals Rising In Vietnam — The global pepper market showed a mixed response during the last week. In Vietnam, the prices have moved up after continuous decrease, following increased arrival of new material from current harvest. Local price of black pepper in HCMC increased almost daily from VND 98,500 per Kg at the beginning of the week to VND 103,500 per Kg at the week’s close.
Gold Silver Reports — Jeera Extends Losses At Unjha Mandi — Jeera extended their losses in Unjha mandi due to new supplies. The spot prices of jeera decreased by Rs 100 per quintal today to trade at Rs 16200-16800 per quintal at Unjha mandi with total arrivals of 12000 bags against demand of 6500 bags.
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.