Gold Steady After 2 Sessions Of Fall; Strong Dollar Weighs On Market

Gold prices steadied on Tuesday after two straight sessions of fall, but a strong dollar continued to weigh on the market amid renewed hopes of a U.S.- North Korean summit. Gold prices eased from the $1,307.80 level hit on Friday as the dollar strengthened and U.S. President Donald Trump revived hopes of a summit with North Korean leader Kim Jong-un, after pulling out of the meeting last week. Monday, Trump and Japanese Prime Minister Shinzo Abe discussed North Korea by phone and confirmed they would meet before an expected U.S.-North Korea summit. Korean President Moon Jae-in said there could be more impromptu talks and summits with North Korea's Kim Jong Un. Italy's president set the country on a path to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and passing the next budget. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Prices Edges Higher as U.S. Dollar Pulls Back

Gold prices edged higher on Monday, as the U.S. dollar pulled back despite mounting hopes that a major U.S. tax reform can be passed before the end of the year.
Comex gold futures were up $2.10 or about 0.16% at $1,259.70 a troy ounce, just off Friday's one-and-a-half week high of $1,264.50 hit.
The greenback was initially lifted after Republicans on Friday put the finishing touches on a sweeping tax overhaul bill.
They are confident Congress will now pass the tax bill this week, with a Senate vote planned as early as Tuesday.
The precious metal had strengthened last week after the Fed raised interest rates by 0.25 basis points to 1.50% but did not change its projections for 2018. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Prices Gain In Asia Despite Fed Hike, Inflation Picture Uncertain

Gold prices gained in Asia on a perceived dovish tilt to a Fed rate hike overnight and as economists grapple with inflation outlook with the US reaching nearly full employment by conventional measures.
China reported industrial production for November came in at a gain of 6.1%, compared with a 6.2% rise seen followed by retail sales which rose 10.2%, compared to a 10.3% rise expected and fixed asset investment came in up 7.2% as seen.
The Federal Reserve approved its third rate hike of 2017, and forecasts further rate hikes despite growing concerns over the slow pace of inflation.
Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Holds Near 5-Month Lows as Traders Gear Up for Fed Rate Hike

Gold prices inched higher in early dealings on Wednesday, but stayed near their lowest level in five months as investors awaited the conclusion of the Federal Reserve's meeting, at which it is widely expected to raise interest rates by a quarter point.
The Federal Reserve is widely expected to raise the fed funds target range by a quarter point at the conclusion of its two-day policy meeting at on Wednesday, which would put it in a range between 1.25%-1.50%. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Commodity Update : Oil Recovers On Big US Crude Stock Drawdown

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected draw down in U.S. crude stockpiles.
Brent crude was up 50 cents, or 0.8 percent, at $63.84 a barrel by 0152 GMT. It had settled down $1.35, or 2.1 percent, at $63.34 on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.
U.S. West Texas Intermediate crude was up 36 cents, or 0.6 percent, at $57.50 a barrel, having earlier settled down 85 cents at $57.14. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774

Sensex Falls Over 100 pts, Nifty Below 10,300; HPCL, BPCL, IOC Dip

The Sensex is down 112.54 points or 0.34% at 33343.25, and the Nifty down 46.10 points.
Oil marketing and aviation companies' share prices fell 2-3 percent on Tuesday following sharp rise in crude oil prices in international market.
HPCL, BPCL and IOC declined 2-3 percent while Jet Airways, SpiceJet and Inter Globe Aviation (IndiGo) were down 2 percent each.
Oil retailers are allowed to make changes in petrol and diesel prices on daily basis, tracking international crude oil prices but it won't possible for them to increase it sharply when oil prices, like today, are trading at highest level since 2015. For More Information Visit : www.paceresearchindia.com and Call Now : 8817774774

Gold Inches Up After Slumping To Over 4-Month Low

Gold edged up in early Asian trade on Friday, after dropping below its recent trading range to hit a more than four-month low overnight. 
Spot gold was up nearly 0.2 per cent at $1,248.29 an ounce by 0102 GMT, after hitting its lowest since July 26 at $1,243.71 on Thursday. 
The dollar inched higher on Friday, on track for a weekly gain against a basket of currencies, as the passage of a bill to temporarily extend US government funding raised investors' optimism that a tax reform bill would also pass. For more information commodity market tips please visit : www.paceresearchindia.com and call : 8817774774

Gold Edges Down In Asia With Market Awaiting Fed Next Week

Gold prices eased slightly in Asia on Thursday with the market awaiting comment from the Fed at next week’s review of policy and any language on what looks like a US tax cut package passed before the end of the year. 
Pace Research is a team of highly experienced research analysts who delivers their best recommendations in Stock market & Commodity market. Our products range from intraday stock advisor services in both BSE/NSE & MCX/NCDEX. We provide services in stock cash, stock futures, nifty futures, options call & put in all commodities. The services cover both type of intraday trading & positional trading along with proper investment recommendations. We help traders & investors to take advantage of the market volatility & maximize their returns with a balanced risk-return ratio. Pace Research is always committed to clients benefit which leads us to client satisfaction. For More Information Please Visit Now : www.paceresearchindia.com and Call : 8817774774 

Cardamom, Crude Palm Oil Down On Sluggish Demand

Cardamom prices fell 2.81 per cent to Rs 1,009 per kg in futures trade today as speculators reduced positions amid low demand.
Besides, sufficient stocks on higher arrivals from the major cardamom producing regions weighed on the prices.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 29.20, or 2.81 per cent, to Rs 1,009 per kg, in a business turnover of 36 lots.

Similarly, the spice for delivery in January edged down by Rs 21.80, or 2.03 per cent, to Rs 1,050 per kg, with a trading volume of 7 lots.

Crude palm oil :

Crude palm oil prices fell 0.74 per cent to Rs 587.70 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.
Besides, sufficient stocks position following increased supplies from the producing regions, fulled the downtrend. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Metal Stocks Plunge On Slump In Global Metal Prices

Metal stocks plunged in morning trade on Wednesday, triggered by a slump in global metal prices, after official data revealed a decline in China's industrial output in October. 
The Nifty Metal index was trading 2.03 per cent down at 3,696, with shares of Jindal Steel & Power (down 3.79 per cent), VedantaBSE -2.65 % (down 2.90 per cent), Hindalco IndustriesBSE -2.95 % (down 2.85 per cent), Hindustan CopperBSE -3.50 % (down 2.73 per cent), NMDCBSE -2.19 % (down 2.47 per cent) and Hindustan ZincBSE -2.21 % (down 2.45 per cent) as the top losers. 
Shares of MOILBSE 2.80 % (up 3.65 per cent) and APL Apollo TubesBSE 0.26 % (up 0.21 per cent) were trading up in the Nifty Metal index around that time. 
Benchmark NSE Nifty50 index was 20 points down at 10,166, while the BSE Sensex was 54 points down at 32,888. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Futures Decline On Profit-Booking, Global Cues; Silver Weakens

Gold prices fell by Rs 77 to Rs 29,534 per 10 grams in futures trade today as participants went for profit-booking at prevailing levels amid a weak trend overseas. In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 77, or 0.26 per cent, at Rs 29,534 per 10 grams in a business turnover of 221 lots. Similarly, metal for delivery in far-month February 2018 eased Rs 57, or 0.19 per cent, to Rs 29,686 per 10 grams in a modest volume of just 2 lots.
For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Dips In Asia, But Well Supported On Middle East Tensions

Gold dipped in Asia on Friday, but remained well supported on Middle East tensions between Iran and Saudi Arabia and await a summit in Vietnam among Asia-Pacific nations.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.11% to $1,286.13 a troy ounce.
Overnight, gold prices rose to three-week highs on Thursday amid a slump in the dollar on fears that the Senate would delay corporate tax cuts until 2019.
Gold prices added to gains from Wednesday’s session after the dollar fell on reports that Senate Republicans on Thursday will propose delaying a cut in the corporate tax rate from 35% to 20% until 2019. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Advances Rs 52 On Positive Global Cues, Silver Surges Rs 97

Gold prices were up by Rs 52 to Rs 29,140 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in December was trading Higher by Rs 52, or 0.18 per cent, to Rs 29,140 per 10 grams in a business turnover of 149 lots. The yellow metal for delivery in February next year gained Rs 34, or 0.12 per cent, to Rs 29,225 per 10 gm in 2 lots. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Gold Comes Off Highs After U.S. House Republicans Propose Tax Cuts

Gold prices pared gains after touching a two-week high on Thursday, after Republicans in the U.S. House of Representatives unveiled legislation to overhaul the U.S. tax system.
Investors also focused their attention on the nomination of a new U.S. Federal Reserve chair, who could influence the pace of future interest rate increases.

The dollar fell and U.S. 10-year Treasury yields slid to two-week lows after House Republicans proposed to slash the corporate tax rate to 20 percent from 35 percent and reduce the number of tax brackets for individuals. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774 

Pace Research India Commodity Market Update

Gold Prices Up; Focus On Pick For U.S. Fed Chair :

Gold prices held onto gains early on Thursday after the U.S. Federal Reserve left interest rates unchanged on Wednesday, and as investors awaited an announcement on a new chair for the central bank later in the day.

Oil Up As U.S. Crude Inventories Fall Despite Rising Production : 

Oil prices edged up on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.64 per barrel at 0219 GMT, up 15 cents or 0.3 percent from their last close. Brent has risen more than 35 percent since its 2017-lows last June. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774 

Crude Oil Prices Continue To Climb On OPEC Compliance Boost

Crude oil prices continued to climb on Wednesday, boosted by signs of improving compliance with the Organization of the Petroleum Exporting Countries's supply cut deal.
The U.S. West Texas Intermediate crude December contract was up42 cents or about 0.77% at $54.80 a barrel, the highest since January.
The reports came after OPEC’s Secretary General Mohammad Barkindo noted last week comments from both Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin that suggested they were in favor of a nine-month extension for the current deal to cut production by 1.8 million barrels a day. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Commodity Update : Gold Dips As Dollar Gains Ahead Of Fed Statement

Gold edged lower early Wednesday as the dollar firmed with investors awaiting hints on a U.S rate hike following the Federal Reserve's two-day policy meeting.
The dollar index , which tracks the greenback against a basket of six major rivals, was up 0.1 percent.
U.S. consumer confidence jumped to a near 17-year high in October, with households upbeat about the labour market and business conditions, which could underpin consumer spending and boost the economy in the final three months of the year. For More Information Please Visit Our Website : www.paceresearchindia.com and Call : 8817774774

Gold Edges Up As Dollar Eases Ahead Of ECB Meeting

Gold prices inched up on Thursday, after marking a 2-1/2 week low in the previous session, with the dollar easing ahead of a key European Central Bank meeting later in the day.
fundamentals
Spot gold was up 0.1 per cent at $1,278.61 an ounce by 0042 GMT. It hit its lowest since Oct. 6 at $1272 an ounce in the previous session.
US gold futures for December delivery rose 0.1 per cent to $1,280.20 an ounce.
The dollar index, which measures the greenback against a basket of major currencies, was down 0.1 per cent at 93.622. For More Information About Commodity Trading Please Visit : www.paceresearchindia.com and Call : 8817774774

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