Gold prices-Gold inched up on Monday, bolstered by a jump in oil prices and safe-haven bids from rising geopolitical tensions in the Middle East. Higher oil prices support bullion, as gold is often seen as a hedge against oil-led inflation. In a reflection of bearish investor sentiment, assets of SPDR Gold Trust GLD , the top gold-backed exchange-traded fund, fell 0.18 percent to 642.37 tonnes on Thursday, close to a seven-year low.
MCX Copper Tips-Attention is turning to a series of December’s economic figures on January 4, including manufacturing PMI from each country and US non-farm payrolls. And US Fed will release December policy meeting minutes this week. SHFE base metals outperformed LME metals at that time and this was mainly due to expectation for pro-growth measures and output cut news from China. Chinese enterprises’ production and operating activities are expected to hit a recent year-low of 44.6, though sub-indexes of December’s official manufacturing PMI all reported growth, including new order, new export order, production, purchase and import.
Crude oil prices-Oil prices jumped over 2 percent in the first trading hours of 2016 as relations between Middle Eastern rivals Saudi Arabia and Iran deteriorated following Riyadh's execution of a prominent Shi'ite Muslim cleric. Saudi Arabia cut diplomatic ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the two major oil producers over Riyadh's execution of cleric Nimr al-Nimr.
Read more : MCX Crude oil tips , MCX natural gas Tips, MCX Commodity Tips, Crude oilTrading Tips, MCX Free Tips
Epic Research is one of the leading advisory firms in India, Our Researchers provides good accuracy trading tips in Commodity.
ReplyDelete