News

America’s great shale oil boom is nearly over

America’s second shale boom is running out of steam. But don’t panic just yet, a third one may be coming over the horizon. The US Energy Information Administration published its latest short-term energy outlook last week and has cut its forecast of oil production by the end of 2020 for the fourth straight month. It […]

Weekly Gold Review: COMEX Futures Slip Near Three Week Low

Gold continued to slip amid broad selling pressure as worries over Indian demand weighed on the mood. The metal broke under $ 1500 per ounce and tested a three week low near $ 1490 per ounce on improvement in US-China trade climate. The US President Donald Trump announced that the two economic superpowers have reached […]

Festival fails to buoy gold demand; China awaits trade verdict

BENGALURU/MUMBAI: Gold demand in top-consumer China was subdued this week as investors awaited outcome of crucial trade negotiations with the United States, while purchases in India during a key festival were lower-than-usual because of higher prices. India celebrated Dussehra festival on Tuesday, when buying gold is considered auspicious. “Consumers were struggling to adjust (to) the […]

Weekly Copper Review: MCX Futures Break Above Rs 440 Per Kg

MCX Copper edged up amid supportive global cues and extended gains after breaking above Rs 440 per kg level. COMEX Copper futures rose to one and half week high above $ 2.60 per pound though broad economic cues remained weak. WTOs World Trade Report highlighted that services have become the most dynamic component of international […]

Weekly Silver Review: COMEX Futures Hit Two Week Top

COMEX Silver futures saw a rangebound movement after recovering from a six week low as supportive cues from Copper triggered some buying for the metal. Indias Silver demand is firm after recent spurt in prices and could stay buoyant amid coming festive season. Imports Silver soared the 72% from a year earlier to 543.21 tons […]