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Thursday, 15 September 2016

MCX Commodity Market Tips with Outlook

Market Round up

Gold remained under pressure ahead of a closely-watched U.S. retail sales report.

Silver prices seen supported as the market waited for clues on the timing of interest rate rises in the United States.

Crude oil prices dropped after data showing large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.

Energy Copper climbed as strong economic data from China fueled speculation of strengthening demand.

Zinc prices gained as recent economic indicators in China pointed to brighter demand prospects.

Nickel dropped after the Philippines deferred releasing the results of a mining audit until next week.

Natural gas dropped on concerns that hot weather in the next two weeks will be insufficient to shrink growing stockpiles.

Ref soyoil prices ended with gains on short covering after prices dropped on oversupply woes.

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Mentha oil prices gained amid pickup in demand from consuming industries at the spot market.

Soyabean prices gained on improved demand after United States Department of Agriculture reported higher exports for August month.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric prices ended with gains on short covering after prices dropped due to reports of higher sowing and Currency comfortable stocks.

Jeera prices ended with gains due to dwindling supplies and tight stocks.

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1 comment:

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