Mcx Commodity Market News : Morning Session
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Crude oil rises on oil supply worries
08/11/2016 08:41
Crude oil futures closed higher in the domestic market on Monday finding support as an earthquake late Sunday at the Cushing, Okla., storage hub raised worries about oil supplies and expectations for a win by Hillary Clinton fueled bets on a slowdown in U.S. drilling for crude.
There has been no reported impact on the storage tanks or pipelines at Cushing, though some pipelines were shut down temporarily to check integrity.
At the MCX, crude oil futures for November 2016 contract closed at Rs 2966 per barrel, up by 0.88 per cent, after opening at Rs 2952, against a previous close of Rs 2940. It touched the intra-day high of Rs 3009.
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Gold dips after FBI clears Clinton
08/11/2016 08:40
Gold futures closed lower in the domestic market on Monday as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered emails.
A victory for Clinton is generally viewed as more favorable for the stock market as it may represent fewer unknowns and more stability for investors. Gold had been gaining on some expectations that a Trump victory could trigger volatility and put a U.S. interest-rate hike on hold. Rising real interest rates lower the opportunity costs of holding gold as the metal provides no yield.
At the MCX, gold futures for December 2016 contract ended at Rs 30048 per 10 grams, down by 1.67 per cent, after opening at Rs 30,510, against a previous close of Rs 30,557. It touched the intra-day low of Rs 30,005.
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Silver down on weak global cues
08/11/2016 08:40
Silver futures closed lower in the domestic market on Monday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract closed at Rs 42,880 per kg, down by 1.19 per cent, after opening at Rs 43,106, against a previous close of Rs 43,398. It touched the intra-day low of Rs 42,609.
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 oil supply worries
08/11/2016 08:41
Crude oil futures closed higher in the domestic market on Monday finding support as an earthquake late Sunday at the Cushing, Okla., storage hub raised worries about oil supplies and expectations for a win by Hillary Clinton fueled bets on a slowdown in U.S. drilling for crude.
There has been no reported impact on the storage tanks or pipelines at Cushing, though some pipelines were shut down temporarily to check integrity.
At the MCX, crude oil futures for November 2016 contract closed at Rs 2966 per barrel, up by 0.88 per cent, after opening at Rs 2952, against a previous close of Rs 2940. It touched the intra-day high of Rs 3009.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips after FBI clears Clinton
08/11/2016 08:40
Gold futures closed lower in the domestic market on Monday as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered emails.
A victory for Clinton is generally viewed as more favorable for the stock market as it may represent fewer unknowns and more stability for investors. Gold had been gaining on some expectations that a Trump victory could trigger volatility and put a U.S. interest-rate hike on hold. Rising real interest rates lower the opportunity costs of holding gold as the metal provides no yield.
At the MCX, gold futures for December 2016 contract ended at Rs 30048 per 10 grams, down by 1.67 per cent, after opening at Rs 30,510, against a previous close of Rs 30,557. It touched the intra-day low of Rs 30,005.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver down on weak global cues
08/11/2016 08:40
Silver futures closed lower in the domestic market on Monday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract closed at Rs 42,880 per kg, down by 1.19 per cent, after opening at Rs 43,106, against a previous close of Rs 43,398. It touched the intra-day low of Rs 42,609.
