MCX Gold Feb 2017
Gold fall after the dollar rebounded on the back of a conclusion
by the ECB to extend monthly asset buys until next December. Gold trading range
for the day is 27644-27990.
Investors gave the extension more weight than the ECB's unpredicted
result to cut its asset buying to 60 billion euros a month from next April. SPDR
gold trust holdings fall by 0.34% i.e. 2.96 tones to 860.71 tons from 863.67 tones.
MCX Silver Mar 2017
Silver dropped weighed down by a stronger U.S. dollar and
expectations the U.S. Federal Reserve will hike rates next week. Silver trading
range for the day is 41077-42087.
The number of Americans filing for unemployment benefits
fell from a five-month high a week ago. Holdings at ishares silver trust
dropped by 0.90% i.e. 97.34 tones to 10664.32 tons from 10761.66 tones.
MCX Crudeoil Dec 2016
Crude oil increased on growing optimism that non-OPEC
producers might agree to cut output following a cartel agreement to limit
production. Crude oil trading range for the day is 3321-3487.
Crude oil inventories in US dropped 2.4 million barrels, contrasted
with desires for a draw of 1 million barrels. Stocks at the Cushing, Oklahoma,
increased by a hefty 3.8 million barrels a week ago, the most since 2009, as
per information.
MCX Copper Feb 2017
Copper edged lower as the dollar bounced back after ECB’s choice
to cut its month to month asset buys but extend the program until the end of
2017. Copper trading range for the day is 386.2-401.6.
China's copper imports surged 31 percent in November from
the earlier month to 380,000 tones, the maximum since June, customs data appeared.
China's imports developed at the fastest pace in more than two years in
November, while exports also rose unpredictably.
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