News

Corn rises on US crop concerns; wheat, soybeans up for 2nd session

Chicago corn futures rose on Monday, recouping some of the previous session’s losses on expectations of lower US yields and tighter global supplies. Soybeans and wheat rose for a second straight session ahead of a US Department of Agriculture (USDA) report on world supplies due later this week. The most-active corn contract on the Chicago […]

Gold Lingers Near $1500 Per Ounce

COMEX Gold futures continued to slip from one week high as US stocks saw an impressive surge in last session. A weak jobs data spurred hopes of a further decline in interest rates, pushing up equities. The DOW jumped 1.4% as a recovery from one month low extended. COMEX Gold is lingering around $ 1500 […]

Gold prices remain almost flat at Rs 39,210

Gold prices on Monday remained almost flat at Rs 39,210 per 10 grams at the bullion market in the national capital, amid weak spot demand. The yellow metal slipped Rs 30 as compared to the previous close of Rs 39,240 on Saturday. Silver also fell by Rs 90 to Rs 46,390 per kilogram as against […]

Copper picks up on US job data; trade talks in focus

Copper prices firmed on Monday after strong US jobs data eased fears of a possible recession in the world’s largest economy and ahead of renewed efforts this week to resolve the US-China trade conflict. The US unemployment rate dropped close to a 50-year low of 3.5 per cent in September, soothing some concerns sparked by […]

Crude oil futures up on spot demand

New Delhi: Crude oil prices rose 0.78 per cent to Rs 3,764 per barrel on Monday as speculators created fresh positions on spot demand. Analysts said raising of bets by participants kept crude prices to trade higher here. On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per […]

Indian Rupee: Opens Lower On Sustained Foreign Fund Outflows

The Indian rupee commenced weaker on Monday, 07 October 2019 as sustained foreign fund outflows weighed on investor community. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 682.93 crore on Friday, as per provisional data. Rising demand for the US dollar vis-a-vis other currencies overseas also weighed on the […]

Gold rises ahead of US-China trade negotiations

Gold prices advanced on Monday as markets braced for US-China trade negotiations during the week with lesser hopes of a breakthrough, following a report that Chinese officials may not be as willing to bend. FUNDAMENTALS Spot gold was up 0.3 per cent to $ 1,508.23 per ounce as of 0101 GMT. Prices had edged 0.5 […]