Mcx Commodity Market News : Morning Session - 2.9.2016
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 rises on expectations of crude production freeze
06/09/2016 08:55
CRUDEOIL: UPTREND
Crude oil futures closed higher in the domestic market on Monday following a report that Saudi Arabia’s energy minister, Khalid A. Al-Falih, was set to make a significant announcement at the G-20 meeting in China. That raised expectations that the Saudis and Russians would say they had agreed on an output cap aimed at lifting energy prices. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 2980 per barrel, up by 0.17 per cent, after opening at Rs. 2984, against the previous closing price of Rs. 2975. It touched the intra-day high of Rs. 3065.
Silver rises on firm global cues
06/09/2016 08:54
SILVER: UPTREND
Silver futures closed higher in the domestic market on Monday as speculators widened their bets amid a strong trend overseas. Market analysts said speculative position built up by participants, driven by firm global trend, mainly attributed to the rise in silver prices at futures trade. At the MCX, Silver futures for September 2016 contract closed at Rs 46,465, per 1 kg, up by 0.98 per cent after opening at Rs 46,110, against the previous closing price of Rs 46,015. It touched the intra-day high of Rs 46,525.
Gold rises on weak US job data
06/09/2016 08:53
GOLD: UPTREND
Gold futures closed higher in the domestic market on Monday with analysts continuing to credit a U.S. jobs report that appeared to lower the chances for an interest-rate increase at the Federal Reserve’s meeting later this month. The prospect of lower rates for longer can weigh on the dollar and boost the appeal of dollar-priced commodities, as they become cheaper for holders of other currencies. It also can help keep some investors from abandoning precious metals in favor of assets that pay interest. At the MCX, Gold futures for October 2016 contract closed at Rs 30,972, per 10 gram, up by 0.17 per cent after opening at Rs 30,930, against the previous closing price of Rs 30,920. It touched the intra-day high of Rs 31,019.
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 rises on expectations of crude production freeze
06/09/2016 08:55
CRUDEOIL: UPTREND
Crude oil futures closed higher in the domestic market on Monday following a report that Saudi Arabia’s energy minister, Khalid A. Al-Falih, was set to make a significant announcement at the G-20 meeting in China. That raised expectations that the Saudis and Russians would say they had agreed on an output cap aimed at lifting energy prices. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 2980 per barrel, up by 0.17 per cent, after opening at Rs. 2984, against the previous closing price of Rs. 2975. It touched the intra-day high of Rs. 3065.
Silver rises on firm global cues
06/09/2016 08:54
SILVER: UPTREND
Silver futures closed higher in the domestic market on Monday as speculators widened their bets amid a strong trend overseas. Market analysts said speculative position built up by participants, driven by firm global trend, mainly attributed to the rise in silver prices at futures trade. At the MCX, Silver futures for September 2016 contract closed at Rs 46,465, per 1 kg, up by 0.98 per cent after opening at Rs 46,110, against the previous closing price of Rs 46,015. It touched the intra-day high of Rs 46,525.
Gold rises on weak US job data
06/09/2016 08:53
GOLD: UPTREND
Gold futures closed higher in the domestic market on Monday with analysts continuing to credit a U.S. jobs report that appeared to lower the chances for an interest-rate increase at the Federal Reserve’s meeting later this month. The prospect of lower rates for longer can weigh on the dollar and boost the appeal of dollar-priced commodities, as they become cheaper for holders of other currencies. It also can help keep some investors from abandoning precious metals in favor of assets that pay interest. At the MCX, Gold futures for October 2016 contract closed at Rs 30,972, per 10 gram, up by 0.17 per cent after opening at Rs 30,930, against the previous closing price of Rs 30,920. It touched the intra-day high of Rs 31,019.