Jeera Trand Sideways Intraday level 16200-16600

Jeera Trand Sideways Intraday level 16200-16600Turmeric futures (June) is likely to consolidate in the range of 7900-8000 levels. The price of the turmeric further decreased on Tuesday. Finger turmeric decreased by Rs.600 a quintal and the root variety by Rs.350 a quintal in the Erode Turmeric Merchants Association Sales yard. Also, in the Regulated Market Committee, finger turmeric decreased by Rs.600 aquintal and the root variety by Rs.400 a quintal. In other markets also, both varieties decreased by Rs.600 a quintal. At the Erode Turmeric Merchants Association Sales yard,finger turmeric sold at Rs.7,455 to Rs.8,609 a quintal and root variety at Rs.7,099 to Rs.8,099 a quintal.

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Gold Has Lost About 5.9 Percent in May

Gold (XAU/USD) pulled back from record highs a handful of dollars below $,4,900, following US President Trump’s softer tone at the Davos Forum, but the precious metal remains steady above $4,800, which shows that demand for safe assets remains steady. 

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King Dollar Ruling Gold

King Dollar Ruling Gold

Gold Silver Reports — The dollar is making its impact felt on gold. The metal traded in near-perfect opposition to the currency, with the 30-day historical correlation reaching negative 0.78 on May 20.

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Copper MCX May Trading Levels of 308-316

Copper MCX May Trading Levels of 308-316Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.

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