Category Archives: Daily Commodity Market Strategy
Gold: Gold prices were ending the U.S. day session moderately up Thursday, supported by a lower U.S. dollar index and U.S. stock indexes on this day. The technical charts for gold remain in the bullish camps, as both markets are in near-term price uptrends. April Comex gold was last up $8.50 an ounce at $1,241.50.
Monetary Policy Aluminium: Aluminium futures rose during morning trade in the domestic market on Thursday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. Further, a rise in physical demand for aluminium at the domestic spot market was led by
Lead Lead futures were flat during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced
Gold futures were little changed during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal as demand for safe-haven emerged on weak US dollar on uncertainty over US policy after the Trump introduced immigration curbs that sparked criticism globally. Trump’s move to ban entry of
Gold pared losses on Friday after softer than forecast US growth data pulled the dollar off earlier highs, but the metal remained on track for its first weekly loss of the year as traders cashed in on this week’s rally to two-month highs. The dollar was 0.1 per cent up against a basket of currencies
Gold February future has advanced 0.5 percent at 1,207 per Ounce. Gold ended higher on Friday, buoyed by the weaker dollar as the inauguration of Donald Trump as U.S. president fueled uncertainty about the direction of fiscal and economic policy. Gold for February delivery settled up 0.67% at $1,209.5 on the Comex division of the