Nickel Carry Call – BUY Mcx Nickel at CMP 877.0 for Target 886 – 892 with SL below price 867. High Risk taker trade 2 lotsAFTER POST CONTENT Read More
Lead Commodity Tips – Lead Mcx Sell call 37d given activated at 156.90. CMP 156.30. Low risk taker book 0.60 x 2 lot = 1.20 Points / Rs 600037d : Mcx Lead Call – SELL Lead if price 156.90 (CMP 157.25) for Small Target 156 – 155.50 with SL Above price 158.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - After Monday’s rally, gold prices still have more upside and could soon be testing $1,360 an ounce, TD Securities said in a report.“Flat curve, waning yields and equity angst suggest upside remains for gold,” the bank’s head of commodity strategy Bart Melek wrote on Monday.Gold prices saw a significant jump on Monday amid a major equities’ selloff, risi...Read More
According to the Oxford dictionary, a trade war is “a situation in which countries try to damage each other's trade, typically by the imposition of tariffs or quota restrictions.”The tariffs imposed by President Trump on steel and aluminum imports and the response by the Chinese government of tariffs to be levied on U.S. goods is an exact match to the definition of a trade war. Whateve...Read More
NEW YORK (Reuters) - Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements.“Bitcoin closed at the low of the year last week, SPX (Standard & Poor’s 500 Index) is now at the low of the year this w...Read More
NEW YORK (Reuters) - Amber Baldet, a blockchain program lead at JPMorgan Chase & Co (JPM.N), is leaving the bank to launch her own venture, JPMorgan said on Monday.Baldet, one of the best-known executives focused on blockchain at a major lender, led JPMorgan’s Blockchain Center of Excellence and helped the bank set its strategy for the nascent technology.Baldet will be replaced by Christ...Read More
Mcx Lead Call – SELL Lead if price 156.90 (CMP 157.25) for Small Target 156 – 155.50 with SL Above price 158.10. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
(Kitco News) - Gold is likely to be bolstered by a falling U.S. dollar, which is under pressure despite rising bond yields, according to a U.K.-based research firm.Gold rallied Monday in part because of a weakened U.S. dollar. June gold futures settled the day at $1,346.9, up 1.5% on the day.In a recent report, analysts at CrossBorder Capital said that a growing U.S. government deficit is likely t...Read More
WASHINGTON (Reuters) - The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefitin...Read More
Editor's Note: The article was updated to reflect higher gold prices in delayed reaction to the data.(Kitco News) -In delayed reaction, the gold market is pushing to session highs, after sentiment in the manufacturing sector fell in March, according to the last data from the Institute for Supply Management (ISM).Monday, the ISM said its manufacturing index showed a reading of reading 59.3% for Ma...Read More
Central banks were net buyers of gold in February and are likely to remain so, says Standard Chartered. “Appetite to sell was limited, sensitivity to price volatility was muted, and purchases were dominated by a small number of consistent buyers of size who view gold as a key asset,” Standard says. Russia added 22.8 tonnes of gold to its official reserves, following purchases of 18.9 t...Read More
(Kitco News) - Gold opened the new quarter on renewed buying interest. Gold held our $1,322 level going into the long weekend and aggressive buying emerged at the Asian open overnight. The Chinese have shot back and leveled tariffs on 128 U.S. products, which reignited the possibility of a trade war between the world's two largest economies. The U.S. equity market continues to struggle and t...Read More
Gold has been consolidating for months. In fact, the entire first quarter was traded in a big range. Gold never broke out to the upside or broke out to the downside. There have been many false starts in both directions, but each time, gold came to that key moment it reversed and went the other way. There is no end in sight for this wide consolidation pattern, but it will break out one way or the o...Read More
Billet prices in the global markets except India continued to fall during the work week from Monday March 26 to Friday March 30 due to negative sentiment caused by the uncertainty over the United States' Section 232 tariffs.Demand was sluggish in major markets such as Turkey, the Commonwealth of Independent States, the Middle East and North Africa, and Southeast Asia over the past week, and no sig...Read More
Billet prices in the global markets except India continued to fall during the work week from Monday March 26 to Friday March 30 due to negative sentiment caused by the uncertainty over the United States' Section 232 tariffs.Demand was sluggish in major markets such as Turkey, the Commonwealth of Independent States, the Middle East and North Africa, and Southeast Asia over the past week, and no sig...Read More
Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading on Monday April 2, but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results.The most-traded copper contract on the SHFE was at 50,210 yuan ($7,994) per tonne as of 10.56am Shanghai time, up by 30 yuan per tonne from Frid...Read More
The Chinese silicon export market weakened further this past week, with exporters again lowering their quotations to attract business amid continued sluggish demand.The Chinese grade 553 silicon export price slipped to $1,940-1,980 per tonne on Friday March 30, from $1,960-2,000 per tonne a week earlier. The majority of quotations that buyers received from Chinese suppliers were around $1,950 per...Read More
European antimony prices weakened further last week after material continued to flow into warehouses in Rotterdam while demand remained muted. The Chinese market followed suit with domestic prices there also coming under pressure from feeble demand.Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,500-8,660 per tonne on Wednesday March 28, down by 0.1%...Read More
China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More
China's ferrous futures decreased during morning trading on Monday April 2, losing the gains made during last Friday night's trading session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,366 ($536) per tonne, down 61 yuan per tonne May hot-rolled coil: 3,707 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange May iron ore: 445 yuan per tonne, down...Read More