Pace Research Commodity Update

अमेरिका में आज जुलाई का नॉन फार्म पेरोल डाटा जारी होगा और इन आंकड़ों से इग्लोबल मार्केट में सोना सात हफ्ते के ऊपरी स्तर के पास बेहद छोटे दायरे में कारोबार कर रहा है। सोने का भाव 1268 डॉलर के पास है। वहीं चांदी में भी सुस्ती है और इसका दाम 16.6 डॉलर के आसपास है।
लेकिन इससे पहले इस बीच कच्चे तेल में दबाव कायम है। ब्रेंट का दाम 52 डॉलर के नीचे है जबकि नायमैक्स पर डब्ल्यटीआई क्रूड 49 डॉलर के भी नीचे फिसल गया है। दरअसल जुलाई में ओपेक की सप्लाई करीब 3.7 लाख बैरल बढ़ गई है जिसमें अकेले नाइजीरिया से 2.6 लाख बैरल की सप्लाई हुई है। वहीं अमेरिका में कच्चे तेल का उत्पादन पिछले 2 साल की ऊंचाई पर चला गया है और पिछले 1 साल के दौरान उत्पादन में करीब 12 फीसदी की बढ़त हुई है। ऐसे में कच्चे तेल की कीमतों पर दबाव बढ़ गया है। आज डॉलर के मुकाबले रुपये में हल्की मजबूती है और रुपया 2 साल की ऊंचाई पर बना हुआ है।
फिलहाल एमसीएक्स पर सोना 0.15 फीसदी की मामूली गिरावट के साथ 28540 रुपये पर कारोबार कर रहा है। चांदी सपाट होकर 38035 रुपये पर कारोबार कर रही है। हालांकि कच्चा तेल 0.7 फीसदी की तेज गिरावट के साथ 3120 रुपये पर कारोबार कर रहा है। नैचुरल गैस 0.7 फीसदी गिरकर 178.2 रुपये पर कारोबार कर रहा है।

बेस मेटल्स में मिलाजुला कारोबार देखने को मिल रहा है। फिलहाल एमसीएक्स पर एल्युमीनियम 0.1 फीसदी गिरकर 121.4 रुपये पर कारोबार कर रहा है। कॉपर सपाट होकर 406 रुपये के नीचे कारोबार कर रहा है। निकेल 0.4 फीसदी की गिरावट के साथ 658.3 रुपये पर कारोबार कर रहा है। लेड की चाल सपाट है, जबकि जिंक करीब 0.5 फीसदी उछलकर 178.5 रुपये पर पहुंच गया है।

वहीं, एग्री कमोडिटी में एनसीडीईएक्स पर सोयाबीन 0.4 फीसदी की गिरावट के साथ 2950 रुपये पर कारोबार कर रहा है। एनसीडीईएक्स पर कैस्टर सीड 0.8 फीसदी की जोरदार उछाल के साथ 4410 रुपये पर पहुंच गया है। अधिक जानकारी के लिए आप हमारी वेबसाइट : www.paceresearchindia.com और संपर्क : 8817774774 करें।

Gold Steady Near Highest In Over Two Weeks On Weaker Dollar

Gold prices held steady on Wednesday after hitting their highest in over two weeks in the previous session, buoyed as the dollar hovered near ten-month lows. Spot gold was up about 0.1 percent at $1,242.86 per ounce at 0047 GMT. In the previous session, it hit its highest since June 30 at $1,244.56. US gold futures for August delivery were nearly unchanged at $1,242.30 per ounce. 

The dollar hit its lowest against the euro and Swiss franc in more than a year on Tuesday, with the broader dollar index touching a more than 10-month low, on reduced confidence in U.S. President Donald Trump’s agenda and jitters over hawkish central banks abroad. For More Information About Commodity Market Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research India : Commodity News Update

Gold prices edged further away from a 4-month low on Wednesday, as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes.

Oil prices rise on falling US fuel inventories

Oil prices on Wednesday extended gains from the previous day as the US government cut its crude production outlook for next year and as fuel inventories plunged. Brent crude futures rose 65 cents, or 1.4 percent to $48.17 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude futures were at $45.77 per barrel, up 73 cents, or 1.6 percent.Both settled about 1.4 percent higher on Tuesday. For More Information About Commodity Market Visit : www.paceresearchindia.com and Call : 8817774774

Gold Inches Lower As Market Awaits Rate Hike Cues

Gold edged lower early Tuesday on a firmer dollar after touching near four-month lows in the previous session as the market waits for cues from the central bank on the path of U.S. interest rate hikes.

Spot gold fell 0.2 percent to $1,212.01 per ounce at 0043 GMT. It hit a low of $1,204.45 in the previous session, its lowest since March 15.

U.S. gold futures for August delivery rose 0.3 percent to $1,212.80 per ounce.

Traders were looking ahead to Wednesday and Thursday, when U.S. Federal Reserve Chair Janet Yellen will address Congress.

The U.S. dollar climbed to a two-month high against the yen on Monday and global equity markets rallied, lifted by robust economic data from Germany and renewed interest in U.S. technology stocks spurred by an Amazon online sale event. For More Information About Commodity Market Visit : www.paceresearchindia.com and Call : 8817774774

Sensex, Nifty Consolidate With Negative Bias But Midcap Outperforms

Equity benchmarks continued to consolidate with negative bias but the broader markets outperformed in late morning trade.

The 30-share BSE Sensex was down 48.94 points at 31,320.40 and the 50-share NSE Nifty fell 19.40 points to 9,655.15.
The BSE Midcap index gained 0.1 percent and Smallcap was up 0.3 percent on positive breadth. About 1,251 shares advanced against 1,070 declining shares on the exchange. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold, Silver Trade Down Ahead Of US Data

Gold and silver were trading in red in morning trade on Friday as investors waiting for key US non-farm payrolls data later in the day. Meanwhile, subdued demand of precious metals from jewellers, industries and retailers also kept prices under pressure. 
MCX Gold was down 0.33 per cent, or Rs 94, at Rs 28,022 per 10 gram, while MCX Silver was down 0.75 per cent, or Rs 281, at Rs 37,171 per 1 kg. For More Information About Commodity Trading Please Visit : www.paceresearchindia.com and Call : 8817774774

Oil Prices Slump Over 1% On Rise In US Output

Oil prices fell by more than 1 percent early on Friday, with U.S. crude futures dipping below $45 per barrel as news of a rise in U.S. production added to earlier reports that OPEC output was also on the rise. Brent crude futures, the international benchmark for oil prices, were trading down 59 cents, or 1.2 percent, at $47.52 per barrel by 0226 GMT.  U.S. West Texas Intermediate (WTI) crude futures were at $44.94 per barrel, down 58 cents, or 1.3 percent.
News of the production rise outweighed positive sentiment from falling crude and gasoline inventories in the United States. Oil prices were initially stronger of the back of the better than expected drawdown in inventories. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Oil Prices Fall Ahead Of US Holiday After 8 Days Of Gains

Oil prices retreated in early Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a relentless rise in U.S. crude production is running out of steam. Brent crude futures fell 27 cents, or 0.5 percent, to $49.41 per barrel by 0354 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading down 24 cents, or 0.5 percent, at $46.83 a barrel. The falls came after both benchmarks recovered around 12 percent from their recent lows on June 21.
Many traders closed positions ahead of the U.S. Independence Day holiday on July 4, while Brent also faced technical resistance as it approached $50 per barrel, traders said. Despite this, market sentiment has shifted somewhat. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Commodity Update : कच्चे तेल में कमजोरी, सोने में मामूली बढ़त

अमेरिका में भंडार में थोड़ी कमी की उम्मीद के चलते क्रूड में अच्छी तेजी देखने को मिली है। हालांकि, अब ऊपरी स्तरों पर दबाव नजर आ रहा है। फिलहाल नायमैक्स पर डब्ल्यूटीआई क्रूड 0.5 फीसदी फिसलकर 46.8 डॉलर पर कारोबार कर रहा है। ब्रेंट क्रूड का भाव भी 0.5 फीसदी गिरकर 49.4 डॉलर पर आ गया है।

डॉलर में मजबूती के चलते सोना 7 हफ्ते के निचले स्तर पर लुढ़क गया है। फिलहाल कॉमैक्स पर सोना 0.1 फीसदी की मामूली बढ़त के साथ 1220.7 डॉलर पर कारोबार कर रहा है। चांदी 0.3 फीसदी लुढ़ककर 16 डॉलर पर कारोबार कर रही है। अधिक जानकारी के लिए आप हमारी वेबसाइट : www.paceresearchindia.com और संपर्क : 8817774774 करें।

Gold Steady, Dollar Hovers At Near Nine-Month Lows

Gold held steady early Monday, ahead of the U.S. Independence day holiday, as the dollar hovered at near nine-month lows hit last week on signs of monetary tightening by global central banks. Spot gold was nearly flat at $1,241.04 per ounce at 0043 GMT. It fell over 2 percent in the month of June, its first monthly decline this year. US gold futures for August delivery fell 0.1 percent to $1,240.80 per ounce.

The dollar edged off a nine-month low against a basket of currencies early on Monday, but it remained shaky as expectations of central banks in Europe moving away from accommodative monetary policies supported peers like the euro and sterling. Holdings at the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.14 percent to 852.50 tonnes on Friday from 853.68 tonnes on Thursday. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and call : 8817774774

Crude Oil Prices Firm, Set For Biggest Weekly Gain Since Mid-May

Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output. U.S. crude futures have added 5.1 percent this week, while benchmark Brent has gained 4.7 percent, marking the biggest rise for both markets since the week ending May 19. U.S. crude was trading up 0.7 percent, or 29 cents, at $45.22 a barrel at 0223 GMT on Friday, with Brent climbing 0.6 percent, or 28 cents, to $47.70 a barrel.

Oil prices received momentum from Wednesday's U.S. data and the market rejected the lows that we saw. There are two key drivers. One is U.S supply side response to low oil prices. We could see more gains if there is a further drop in oil output, and the other factor is a weaker U.S. dollar. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Gains On Safe Haven Demand; Eyes Near-Term Range At Rs 28,400-28,700

Gold and silver prices were trending higher in early trade on Thursday amid safe haven demand and a drop in the greenback. US GDP data, due later in the day, is likely to give further direction to gold prices. 

MCX Gold was up 0.07 per cent, or Rs 20, at Rs 28,587 per 10 gm around 10.35 am (IST), while MCX Silver was up 0.33 per cent, or Rs 127, at Rs 38,831 per 1 kg around the same time.For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Crude Oil Futures Extend Gains For Fourth Straight Session

Crude oil futures extend the gaining streak and ended higher for the fourth straight session on Tuesday. Though, traders remained concerned about OPEC’s ability to co-ordinate effectively its supply quota plan. Nigeria and Libya, which are exempt from the OPEC-led cuts, have also raised production. Brent was supported by a forecast for weather related weekly decline in US crude supplies despite ongoing expectation of rise in US crude output. Meanwhile, the American Petroleum Institute was due to release stockpile data for the latest week later in the session.

Benchmark crude oil futures for July delivery ended up by $0.86 or 2 percent to $44.24 on the New York Mercantile Exchange. In London, Brent crude for July delivery ended up by 1.8 percent to $46.65 on the ICE. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research India Commodity Market Update

Gold Steady, Heads For Third Weekly Fall 

Gold held steady on Friday 
above a five-week low touched earlier this week, supported by technical's, but the metal was still on track for a third weekly fall.

Crude Futures Snap Three Days Losing Streak

Crude oil futures got some relief and snapped their three days losing streak on Thursday. Though, the crude managed to pare some of the losses of last couple of sessions but sentiment remained bearish as investors continue to fret about rising global stockpiles. OPEC members are in talks about making further cuts in oil production, according to Iran's oil minister. In May, Opec and non-Opec members agreed to extend production cuts for a period of nine months until March, but stuck to production cuts of 1.8 million bpd agreed in November last year.

Benchmark crude oil futures for July delivery ended up by $0.21 or 0.5 percent to $42.74 on the New York Mercantile Exchange. In London, Brent crude for July delivery ended up by 1.03 percent to $45.27 on the ICE. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Iran Says OPEC Considering Deeper Output Cuts, Delegates Sceptical

OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear, Iran said on Wednesday, hinting at possible further OPEC action after oil sank to a seven-month low. OPEC and allied outside producers agreed on May 25 to extend an existing supply cut into 2018, but oil has declined sharply since on rising production from the United States and Nigeria and Libya, two OPEC members exempt from cutting output.


We are in discussions with OPEC members to prepare ourselves for a new decision, Iranian oil minister Bijan Zanganeh said after a cabinet meeting, according to the website for the Islamic Republic of Iran Broadcasting (IRIB). But making decisions in this organisation is very difficult because any decision will mean production cuts for the members. For More Information About Commodity Market Please Visit  : www.paceresearchindia.com and Call : 8817774774

Gold Inches Higher After Five-Week Low As Dollar Gains On Rate Hike Views

Gold edged higher on Tuesday after hitting near five-week lows in the previous session when the dollar rose as an influential Federal Reserve official reaffirmed the central bank's hawkish stance.

FUNDAMENTALS

Spot gold rose 0.1 percent to $1,243.90 per ounce, as of 0044 GMT, after it hit a fresh near five-week low of $1,242.61 during the session.

U.S. gold futures for August delivery fell 0.1 percent to $1,245.10 per ounce.

New York Federal Reserve President William Dudley reinforced expectations that the U.S. central bank will continue on its path of tightening monetary policy.

World stock markets climbed on Monday as technology and retail stocks rebounded from recent weakness and U.S. Treasury yields rose in the wake of hawkish comments from a Federal Reserve official.

Sibanye Gold's Cooke mine in South Africa will remain shut until at least Thursday as the company goes through an appeals process for workers fired for taking part in a wildcat strike, it said on Monday. For More Information About Commodity Market Please Visit  : www.paceresearchindia.com and Call : 8817774774

Gold At Three-Week Low On Firmer Dollar, U.S. Jobs Data

Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market. The losses in gold were limited, however, with bullion underpinned by myriad global uncertainties, including a report that U.S. President Donald Trump was under investigation. 

Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in beforehand. The U.S. Federal Reserve raised interest rates by a notch as expected on Wednesday and indicated further tightening before the end of the year. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Gains As Stocks Fall After Report Of Trump Probe

Gold edged up early on Thursday from a near three-week low hit in the previous session, as Asian stocks fell on a report that U.S. President Donald Trump is being investigated for possible obstruction of justice.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC's ability to implement production cuts.

Brent crude futures were down 7 cents or 0.2 percent at $46.93 per barrel at 0053 GMT, after slumping nearly 4 percent in the previous session.

U.S. West Texas Intermediate (WTI) crude futures were down 12 cents or 0.3 percent at $44.61 per barrel.

Crude futures benchmarks are sitting near their lowest levels since late November last year when production cuts led by the Petroleum Exporting Countries (OPEC) were first announced. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774

थोक महंगाई दर में जोरदार गिरावट, मई में घटकर 2.17%

रिटेल महंगाई के बाद थोक महंगाई के मोर्चे पर बड़ी राहत मिली है। मई में थोक महंगाई दर में करीब 1.5 फीसदी से ज्यादा की कमी आई है। मई में डब्ल्यूपीआई यानि थोक महंगाई दर घटकर 2.17 फीसदी रही है। वहीं अप्रैल में थोक महंगाई दर 3.85 फीसदी रही थी।

मई महीने में थोक महंगाई दर दिसंबर 2016 के बाद अपने सबसे निचले स्तर पर रही है। वहीं खाने-पीने की चीजों की थोक महंगाई दर अगस्त 2015 के बाद पहली बार निगेटिव रही है। महीने दर महीने आधार पर मई में कोर डब्ल्यूपीआई 2 फीसदी के मुकाबले 2.1 फीसदी रही है। अधिक जानकारी के लिए आप हमारी वेबसाइट : www.paceresearchindia.com और संपर्क : 8817774774 करें।

Oil Prices Fall On OPEC Output Increase, Rising U.S. Crude Stocks

Oil prices fell by one percent early on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back.
Brent crude futures LCOc1 were at $48.25 per barrel at 0039 GMT, down 47 cents, or 1 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $45.94 per barrel, down 52 cents, or 1.1 percent.
The price falls came on the back of an ongoing supply glut that has pulled down crude prices by more than 10 percent since late May despite a move led by the Petroleum Exporting Countries (OPEC) to cut production by almost 1.8 million barrels per day (bpd) until the end of the first quarter of 2018. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774