Mcx Commodity Market News : Morning Session - 15.9.2016
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Crude oil in reverse gear
15/09/2016 10:12
Crude oil futures were trading lower in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as data showing large weekly builds in the US petroleum products offset a surprise draw in crude stockpiles. The US Energy Information Administration reported that crude inventories dropped 559,000 barrels during the week ended September 09 while analysts expected a build of 3.8 million barrels. At the MCX, crude oil futures for September 2016 contract is trading at Rs 2,934 per barrel, down by 0.14 per cent, after opening at Rs 2,940, against a previous close of Rs 2,938. It touched the intra-day low of Rs 2,932 (at 10:06 hours).
White metal rises on speculation
15/09/2016 10:02
Silver futures closed higher in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal amid speculation about the pace and timing of future US interest rate hike. Prices for silver futures rise after US Fed Governor Lael Brainard on Monday argued against raising interest rates prematurely. Her comments seemed to contradict hawkish statements from Boston Fed President Eric Rosengren, who last week warned against keeping rates lower for longer, thus rising demand for silver. At the MCX, silver futures for December 2016 contract closed at Rs 45,570 per kg, up by 0.15 per cent, after opening at Rs 45,510, against a previous close of Rs 45,501. It touched the intra-day high of Rs 45,836
Gold in reverse gear ahead of Fed decision on rate hike
15/09/2016 09:51
Gold futures closed lower in the domestic market on Wednesday as investors and speculators await the US Fed's latest decision on interest rates hike at the next week's FOMC meeting. The Fed should avoid removing support for the US economy too quickly, Board Governor Lael Brainard had said on Monday in comments that solidified the view the central bank would leave rates unchanged next week. The comments came after Boston Fed President Eric Rosengren said on Friday that low interest rates are increasing the chance of overheating the U.S. economy. At the MCX, gold futures for October 2016 contract ended at Rs 31,015 per 10 grams, down by 0.21 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,003.
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Crude oil in reverse gear
15/09/2016 10:12
Crude oil futures were trading lower in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as data showing large weekly builds in the US petroleum products offset a surprise draw in crude stockpiles. The US Energy Information Administration reported that crude inventories dropped 559,000 barrels during the week ended September 09 while analysts expected a build of 3.8 million barrels. At the MCX, crude oil futures for September 2016 contract is trading at Rs 2,934 per barrel, down by 0.14 per cent, after opening at Rs 2,940, against a previous close of Rs 2,938. It touched the intra-day low of Rs 2,932 (at 10:06 hours).
White metal rises on speculation
15/09/2016 10:02
Silver futures closed higher in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal amid speculation about the pace and timing of future US interest rate hike. Prices for silver futures rise after US Fed Governor Lael Brainard on Monday argued against raising interest rates prematurely. Her comments seemed to contradict hawkish statements from Boston Fed President Eric Rosengren, who last week warned against keeping rates lower for longer, thus rising demand for silver. At the MCX, silver futures for December 2016 contract closed at Rs 45,570 per kg, up by 0.15 per cent, after opening at Rs 45,510, against a previous close of Rs 45,501. It touched the intra-day high of Rs 45,836
Gold in reverse gear ahead of Fed decision on rate hike
15/09/2016 09:51
Gold futures closed lower in the domestic market on Wednesday as investors and speculators await the US Fed's latest decision on interest rates hike at the next week's FOMC meeting. The Fed should avoid removing support for the US economy too quickly, Board Governor Lael Brainard had said on Monday in comments that solidified the view the central bank would leave rates unchanged next week. The comments came after Boston Fed President Eric Rosengren said on Friday that low interest rates are increasing the chance of overheating the U.S. economy. At the MCX, gold futures for October 2016 contract ended at Rs 31,015 per 10 grams, down by 0.21 per cent, after opening at Rs 31,030, against a previous close of Rs 31,081. It touched the intra-day low of Rs 31,003.
