Crude oil futures settled higher on Thursday with minimal gains for the shortened week, as traders weighed near-term crude supply and demand prospects. At the back of US-sanctions, the production of Crude-oil in Venezuela has fallen extensively. A report showed that Read more
Crude oil prices have started to move again. NYMEX crude is also above $ 68. Gold is trying to recover, But the prices are still below $ 1190. silver is recovered 0.25 percent today. In Base Metals Copper is weak on London Metal Exchange.
Expert Commodity Advice
SELL GOLD OCT, BUY NICKEL , BUY CRUDE OIL
Nifty touched a new high of 11,620.7, while the Sensex reached new upper levels of 38,487.63. Buying has been seeing in midcap and smallcap stocks. BSE Midcap index gained 0.2% while a slight gain of 0.1% is seen in the Nifty midcap index.
The details of the last meeting of the Federal Reserve are a clear indication that interest rates are rising in the US next month and since then only light recovery has been noticed in the dollar. The impact has seen on the price of gold and silver in the global market