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Chinese data bites copper futures
08/11/2016 16:00
Copper futures were trading lower during the evening trade in the domestic market on Tuesday as participants trimmed their positions in the industrial metal on fall in physical demand for copper in the domestic spot market in the wake of weaker than expected trade data from China and as cautious trade ruled ahead of the US presidential election.
Further, data released on Tuesday, showing China's imports of copper fell 14.7 percent in October to the lowest since February 2015, weighed on the prices as China is the world's top buyer of copper.
At the MCX, copper futures for November 2016 contract is trading at Rs 338.35 per kg, down by 0.82 per cent, after opening at Rs 342, against a previous close of Rs 341.15. It touched the intra-day low of Rs 338.20 (at 15:43 hours).
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Yellow metal inches higher as US election kicks off
08/11/2016 14:03
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal amid raising hopes of the Democrat emerging victorious in the race for the White House.
Financial markets keenly awaited the outcome of the US presidential election.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,141 per 10 grams, up by 0.21 per cent, after opening at Rs 30,100, against a previous close of Rs 30,078. It touched the intra-day high of Rs 30,167 (at 13:56 hours).
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Crude oil futures zoom 1.11% ahead of US polls
08/11/2016 13:51
Crude oil futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the energy commodity amid caution ahead of the outcome of the US presidential elections.
Investors optimistic about Democrat Hillary Clinton would win the US presidential election.
According to Gordon Kwan, head of oil and gas research at Nomura, “Clinton victory on Tuesday could help risk assets such as oil rebound sharply”.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3000 per barrel, up by 1.11 per cent, after opening at Rs 2986, against a previous close of Rs 2967. It touched the intra-day high of Rs 3005 (at 13:41 hours).
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
Chinese data bites copper futures
08/11/2016 16:00
Copper futures were trading lower during the evening trade in the domestic market on Tuesday as participants trimmed their positions in the industrial metal on fall in physical demand for copper in the domestic spot market in the wake of weaker than expected trade data from China and as cautious trade ruled ahead of the US presidential election.
Further, data released on Tuesday, showing China's imports of copper fell 14.7 percent in October to the lowest since February 2015, weighed on the prices as China is the world's top buyer of copper.
At the MCX, copper futures for November 2016 contract is trading at Rs 338.35 per kg, down by 0.82 per cent, after opening at Rs 342, against a previous close of Rs 341.15. It touched the intra-day low of Rs 338.20 (at 15:43 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
08/11/2016 14:03
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal amid raising hopes of the Democrat emerging victorious in the race for the White House.
Financial markets keenly awaited the outcome of the US presidential election.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,141 per 10 grams, up by 0.21 per cent, after opening at Rs 30,100, against a previous close of Rs 30,078. It touched the intra-day high of Rs 30,167 (at 13:56 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
08/11/2016 13:51
Crude oil futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the energy commodity amid caution ahead of the outcome of the US presidential elections.
Investors optimistic about Democrat Hillary Clinton would win the US presidential election.
According to Gordon Kwan, head of oil and gas research at Nomura, “Clinton victory on Tuesday could help risk assets such as oil rebound sharply”.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3000 per barrel, up by 1.11 per cent, after opening at Rs 2986, against a previous close of Rs 2967. It touched the intra-day high of Rs 3005 (at 13:41 hours).
