Category: NCDEX Agri update

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Commodity, Equity Outlook: COMEX Gold rises to 3-Month High

COMEX Gold edged up above USD 1230/ounce on sustained safe haven demand. COMEX is the primary futures & options (F&O) market for trading metals including gold, silver, copper and aluminum.
Growing US interest rates, global growth issues are of growing concern, internationally. A rising dispute between the United States and Saudi Arabia over the vanishing of a prominent Saudi journalist also weighed on the general sentiment of markets.

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Commodity tips

Oil prices rise, MCX future decline

Crude Oil prices rose moderately on Friday overturning two days of fall in the last sessions led by steep falls in equity markets and clues that supply concerns have been overblown, but were still on track for a weekly decline. Brent crude futures 0.4% to USD 80.59 per barrel in Early trade Friday.

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mcx base metals

Crude Oil prices steady after Iranian exports fall further

Crude Oil prices kept steady on Tuesday, after Iranian exports fall further and as more evidence came out that crude exports from Iran are falling in the run-up to the re-imposition of US sanctions. Brent crude was down 7 cents at USD 83.84 a barrel in early trade Tuesday.

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