commodity
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December 04, 2022 08:48 AM ISTChina's politburo meeting, Russia oil price cap to drive commodities markets this week
Oil is set for some wild swings during the week as OPEC+ members meet on December 4 to discuss production cuts and the European Union’s Russian oil price cap kicks in. Moscow has said it will not accept the price cap
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December 02, 2022 10:05 AM IST Gold Prices Today: Precious metals to remain range-bound as investors eye US employment data
Any correction in precious metals prices could be a good buying opportunity today. Gold has support at Rs 52000 and resistance at Rs 56000, said Nirpendra Yadav of Swastika Investmart.
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December 02, 2022 08:57 AM IST Agri Picks Report: Geojit
According to Geojit , Mixed trend was seen in NCDEX spices complex on Thursday. Jeera futures were up on firm demand.
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December 01, 2022 05:50 PM IST Govt cuts windfall tax on locally produced crude oil and diesel exports
Changes to the windfall tax will be effective from Friday, December 2, the order said.
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December 01, 2022 12:54 PM IST Domestic coal production seen at 900 MT in FY23: Coal Minister Pralhad Joshi
Commercial mining would be important to achieve the goal of energy security, he said.
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December 01, 2022 10:15 AM IST Gold Prices Today: Precious metal prices to stay elevated following Fed Powell's speech, US macro data in focus
The focus will now shift to the US non-farm payrolls print later this week. The near-term outlook remains positive. However, traders will watch for the data prints to take further cues, said Ravindra Rao of Kotak Securities.
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December 01, 2022 09:10 AM IST Agri Picks Report: Geojit
According to Geojit , Spices traded steady to weak on NCDEX on Wednesday. Jeera futures ended rather flat on improved demand, while coriander and turmeric futures were down.
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December 01, 2022 08:05 AM IST Oil edges higher on tight supply, China demand recovery optimism
Brent crude futures rose 5 cents, or 0.06%, to $87.02 per barrel by 0115 GMT while U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2%, to $80.71.
- November 30, 2022 03:11 PM IST
Gold bound for best month in over 2 years; focus on Powell speech
Gold is set for a 7.8% monthly rise, which would be its best since July 2020, and follows a seven-month long losing streak.
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November 30, 2022 02:26 PM IST Dollar heads for biggest monthly loss since 2010 ahead of Powell speech
The euro was one of the better performers, rising by as much as 0.3% ahead of euro zone inflation data that could show the first deceleration since June last year.
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November 30, 2022 11:24 AM IST Nifty at record highs – Time to stay put or take the gains?
India is a fundamentally strong long-term growth story. Therefore, every opportunity should be used to buy on decline and not sell on rally
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November 30, 2022 10:25 AM IST Gold Prices Today: Experts expect precious metals to stay range-bound as investors eye Powell's speech
The current economic scenario and geopolitical tension may support bullion prices. On the technical front, Rs 52500-52400 is a good support zone for gold. We expect prices to trade in a range between Rs 52500 and Rs 53200 levels this week, said Deveya Gaglani of Axis Securities.
- November 30, 2022 09:15 AM IST
Agri Picks Report: Geojit
According to Geojit , Spices rose on NCDEX on Tuesday. Coriander futures rose to one week high on improved demand.
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November 30, 2022 07:40 AM IST Oil up as US crude stocks seen falling, OPEC+ concerns limit gains
Brent crude futures were up 65 cents or 0.8% at $83.68 per barrel by 0132 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 68 cents or 0.9% to $78.88 per barrel.
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November 29, 2022 01:21 PM IST Will China unrest damage commodity outlook?
Protests against further lockdowns in China due to rising COVID cases could see a harsh clampdown, which could hurt economic activity. Here are the scenarios that could play out
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November 29, 2022 10:38 AM IST Gold Prices Today: Yellow metal to remain under pressure following Fed comments, support at Rs 51,500
The focus now shifts to the US consumer confidence data due later today. Weak data may support a bullion rally on the back of a weakening dollar, says Ravindra V Rao of Kotak Securities
- November 29, 2022 09:03 AM IST
Gold edges up on dollar dip; Fed policy cues remain key
Spot gold was up 0.3% to $1,745.22 per ounce as of 0251 GMT. U.S. gold futures rose 0.3% to $1,745.40.
- November 29, 2022 08:52 AM IST
Agri Picks Report: Geojit
According to Geojit , Mixed moves were witnessed in NCDEX spices complex on Monday. Jeera futures bounced back after hitting multiweek low on concerns over supplies, while coriander and turmeric futures ended largely unchanged.
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November 28, 2022 01:18 PM IST Commodities sink as covid’s spread, protests worsen outlook
Crude oil in Shanghai followed international markets lower, plunging as much as 5.6%. Cooking oil futures in Dalian tumbled as much as 3% on concerns over the threat to demand at restaurants and hotels already reeling from lockdowns.
- November 28, 2022 10:18 AM IST
Gold Prices Today: Precious metal prices to remain volatile ahead of the US GDP data, support around Rs 52,920-52,800
Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver to remain volatile this week ahead of the US quarterly GDP data and ADP non-farm employment data and continue to hold their respective support levels.
- November 28, 2022 08:55 AM IST
Agri Picks Report: Geojit
According to Geojit , Spices complex on NCDEX was in red on Friday, with jeera futures hitting is lowest level in five weeks.
- November 28, 2022 06:55 AM IST
Gold prices edge lower on firmer dollar
Spot gold was down 0.2% at $1,752.66 per ounce, as of 0016 GMT. U.S. gold futures fell 0.1% to $1,751.80.
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November 26, 2022 02:16 PM IST Russia drafts decree banning oil sales to price-cap participants
The decree will forbid dealings with both companies and countries that join the price-cap mechanism, the person said, without giving an exact definition of how participation in such a mechanism would be defined.
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November 26, 2022 06:23 AM IST Prospects of less hawkish Fed and China stimulus to cushion commodities amid Covid threat
Overall, commodities may fluctuate as hopes of less hawkish Fed and possibility of RRR (reserve requirement ratio) cut from China may support risk appetite while rising COVID cases amid cold weather in China is adding to fears of a bumpy economic recovery.
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November 25, 2022 10:39 AM IST Gold Prices Today: Precious metals to remain range-bound following FOMC minutes, support around Rs 52,500
Bias in bullion looks positive at the current levels. Technically, the trend in precious metals may remain range-bound to the upside. Gold has support at Rs 52500 and resistance is at Rs 53200. Silver has support at Rs 61500 while resistance is at Rs 62800, said Nirpendra Yadav of Swastika Investmart.
