Copper futures rose above $4.29 per pound on Friday and were poised to gain more than 6% for the week, marking the best weekly performance since May of last year, when copper prices surpassed the $5 mark.
neal bhai
My name is Neal Bhai. I’m a Technical Analyst based in Delhi. I spend a lot of time to market analysis for traders and try to understand global market. We provide you with the latest breaking news, Share Market Tips and Commodity Tips.
MCX Copper futures trade higher on robust Demand
Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
Aluminium futures trade higher on positive international rates
Aluminium futures traded higher on MCX, in conjunction with positive international rates amidst weaker dollar and firm demand from industrial consumers. Besides, narrowed inventory levels and stringent supplies also triggered upward trend.
Spot silver above $30.50, expected target price $32.00——$32.35
Spot silver: If you want to invest in physical silver, you may be wondering how to get the best possible price. Although prices can vary depending on a number of factors, there are some guidelines that can help ensure you get the best possible price when it comes to buying silver.
Shriram Finance shares: Why is the NBFC stock down 80% on few trading apps today?
In a surprise to many investors, shares of Shriram Finance Ltd, which settled at Rs 2,828.95 apiece in the previous trading session on Thursday, opened at Rs 569.95 on Friday, indicating about a 80 per cent fall in its price. However, the non-banking finance player was due for a stock split on Friday, January 10.
Spot Gold Above $2645 Next Target $2700—$2718
Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
AUD/USD drops due to Trump’s tariff rhetoric
The Australian dollar posted losses of over 0.40% against the US Dollar, and the latter remains supported by US President-elect Donald Trump’s tariff threats. At the time of writing, the AUD/USD trades at 0.6204 after bouncing off daily lows of 0.6187.
US tariffs and strong US dollar may drag down industrial metals prices
“The US election has further complicated the outlook for the complex with a threat of tariffs on Chinese goods looming over the market. Industrial metals all fell after Trump on Monday denied a report that his team was planning weaker import tariffs than those announced during his presidential campaign. We believe that potential US tariffs and a stronger dollar could further depress industrial metals prices.”
MMTC share price jumps 13%; what is the future of the stock?
MMTC share price : The BSE 500 stock MMTC soared over 13 per cent in today’s trading session so far. The stock under Rs 100 opened lower at Rs 70.51 and went up as much as 13.83 per cent hitting an intraday high of Rs 80.70 per share on BSE.
What’s ahead for Gold in 2025?
Gold Outlook in 2025: Gold will be up against three major events in the first two months of 2025 and experts point out the likelihood of volatility. First will be Donald Trump taking charge as the US President and we have seen how DXY and bond yields have moved. The other two factors are domestic — one is the Union Budget 2025 and the other is the Reserve Bank of India (RBI) MPC under a new Governor.