News

WTI Crude Holds Just Under $53 Per Barrel

WTI Crude oil futures edged up in a decent manner today amid a mostly supportive undertone in global equities. The commodity currently trades at $ 52.83 per barrel, up 0.42% on the day. MCX Crude oil futures are currently trading at Rs 3760 per barrel, down marginally on the day after hitting a high of […]

Soybeans near 3-month top, Chinese buying supports prices

Chicago soybean futures ticked higher on Thursday, trading below a near three-month high hit in the previous session, as expectations of Chinese buying of US supplies supported the market. Wheat edged higher, while corn lost ground for a second straight session in positioning ahead of a US Department of Agriculture (USDA) report on global supplies […]

Copper advances despite mixed US-China trade expectations

Copper prices rose on Thursday following reports that the United States is weighing a currency pact with China and could suspend a tariff hike planned next week. Traders and brokers said despite doubts about the outcome of U.S.-China trade talks set to begin on Thursday, the metals market was taking note of a Bloomberg report […]

COMEX Gold Stays Just Above $1510 Per Ounce

COMEX Gold stayed supported today as a rebound above $ 1500 per ounce extended amid continued worries over the global economic outlook. The yellow metal currently trades at $ 1513 per ounce, up marginally on the day. MCX Gold is currently trading at Rs 38465 per 10 grams, almost unchanged on the day. In a […]

Oil prices rise as OPEC pledges decision on supply

LONDON: Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year. Mohammad Barkindo, leader of the exporter group, did not specify if the move would mean extending a pact to rein in […]

Commodity outlook: Gold prices likely to rise; sell crude oil

Gold prices continue to move sideways in a range as lot of updates on global uncertainties has kept market participants on the edge. US showed intentions of moving ahead with efforts to limit capital flows into China and with inclusion of Chinese firms in blacklist. China later commented that, they are ready for a partial […]