Pace Research India : Commodity Market Update

Gold prices dropped on expectations of further U.S. interest rate increases this year and receding political uncertainty in Europe. Fed concluded its two-day policy meeting giving a positive assessment of the U.S. economy while keeping rates unchanged, as was widely expected. Expectations that centrist Emmanuel Macron will win the French presidential election on Sunday were reinforced in a TV debate with the far-rights Marine Le Pen.

Silver prices dropped after the Federal Reserve left the door open to raising interest rates in June. The U.S. central banks policy making committee downplayed weak first-quarter economic growth while emphasizing the strength of the labor market.Elsewhere, mixed U.S. economic data failed to stem the slide in gold prices, after initial jobless claims fell more than expected while factory orders eased in March.

Crude oil ended with losses on supply glut concerns as official data showed U.S. crude stocks fell less than expected. Crude oil ended with losses on supply glut concerns as official data showed U.S. crude stocks fell less than expected. Rising U.S. production and stubbornly high inventories remain key drivers of the oil price.Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said.
Get More Commodity Market Tips for click here : www.paceresearchindia.com/services.php and call : 8817774774