Friday, 28 September 2018

Crude Oil Futures Up On Positive Global Cues

Crude oil rose by Rs 18 to Rs 5,257 per barrel in futures market Friday as speculators indulged in creating speculative positions, taking positive cues from Asian markets. At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 18, or 0.34 per cent, to Rs 5,257 per barrel, in a business turnover of 393 lots. The oil for delivery in November was also trading higher by Rs 17i, or 0.32 per cent, to Rs 5,264 in 11 lots. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Holds Near Six Week Lows As Dollar Firms On Robust US Data

Gold prices held close early Friday to near six-week lows hit in the previous session, as the dollar firmed after upbeat US economic data supported the Federal Reserve's resolve for steady interest rate hikes over the next year. 
Spot gold was up 0.1 per cent to $1,183.58 as of 0103 GMT. On Thursday, the metal fell about 1 per cent and touched its lowest since Aug. 17 at $1,181.61 an ounce. 
Spot gold is down about 1.3 per cent for the week, on track for its fourth weekly decline in five. US gold futures were flat at $1,187.30 an ounce. The dollar stood tall against its peers on Friday, and hovered near a nine-month high versus the yen. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 27 September 2018

Mentha Oil Prices Take On More Weight

Mentha oil gained some weight in futures market on Thursday after market participants built up their bets amid pick-up in demand from consuming industries at the spot market. 
The commodity on MCX went up 0.71 per cent to Rs 1,624. Crude Palm Oil (CPO) was down 0.07 per cent at Rs 595 at around the same time. For more information please Visit : www.dollaradvisory.com and Call : +91 9111179961

Gold, Silver Up In Morning Deals

Gold and silver prices were trading higher in morning deals on Thursday following some demand of the precious metal from retailers, industries, investors and jewelers. 
MCX Gold was trading 0.15 per cent up at Rs 30,639 per 10 gram at, while MCX Silver was up 0.38 per cent at Rs 38,010 per 1 kg at around the same time.  
Today investors will focus on the outcome of US GDP and initial jobless claim data later today. Gold can take support near Rs 30,500 and can face resistance near Rs 30,700 in MCX. While Silver can take support near Rs 37,500 and it has resistance near Rs 38,200. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 26 September 2018

Nikkei Extends Rally To 8th Session As US Rate Hike Hopes Lift Large Caps

Japan's Nikkei rose for an eighth session in choppy trade on Wednesday as hopes for a US rate hike lifted futures and large-cap stocks such as Fast Retailing and SoftBank, offsetting weakness in high-yielders like automakers trading ex-dividend. 
The Nikkei share average gained 0.4 per cent to 24,033.79, extending its rally to an eighth session and the highest closing level since Jan. 23. The next milestone is the 24,129.34 level hit on Jan. 23, a break of which would put the index at its highest since November 1991. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Price Up 3.5% As Rupee Weakens

The slump in the rupee has pushed up the domestic price of gold by 3.5 per cent in the past one month, leading to a slowdown in festive season demand as consumers postpone buying decisions. On Tuesday, the domestic price of gold was hovering around Rs 31,850 per 10 gm. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 25 September 2018

India's Crude Oil Demand To Hit 500 Million Tonnes By 2040

India's crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increase in oil prices might act as a dampener for the rate of growth, Partha Ghosh, an executive director at Indian Oil Corp said on Tuesday.
India's growth of 5.9 million bpd will make up about 24 percent of the overall gain. India's refining capacity would increase to about 439 million tonnes per year by the financial year of 2030 as new and existing refineries continue enhancing their infrastructure, while domestic demand is forecast to increase to 356 million tonnes per year over the same period.India's economy is very sensitive to oil prices. It's said that a $10 per barrel increase reduces India's GDP by 0.2 to 0.3 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 24 September 2018

Gold Trades Flat In Early Deals, Silver Down

Gold prices were trading almost flat in early trade on Monday after the US dollar remained steady on reports that China has cancelled trade talks with the United States. The market is also eyeing US Federal Reserve meeting for guidance on future rate hikes later this week. 
MCX Gold futures were trading 0.09 per cent up at Rs 30,610 per 10 gram, while MCX Silver futures were down 0.48 per cent at Rs 37,408 per 1 kg at around the same time. For more information please Visit : www.dollaradvisory.com and Call : +91 9111179961

Friday, 21 September 2018

Gold Rises On Weaker Dollar, Heads For 1st Weekly Gain In Four

Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-US trade war, with the yellow metal heading for its first weekly gain in four. The dollar index was hovering near a ten-week low against a basket of major currencies. The dollar fell as a resurgence in global risk appetite curbed safe-haven demand for the greenback. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Wednesday, 19 September 2018

Gold's Run - Up May Hit A Bump At Rs 30,900

Prices of precious metals, including gold and silver, inched up on Wednesday after the dollar pulled back. The pullback in the dollar came even as the US and China fought a pitched battle on the tariff front. MCX Gold rose a
marginal 0.02 per cent at Rs 30,800 per 10 grams at around 10.35 am while MCX Silver was up 0.13 per cent at Rs 37,495 per kg. Gold is eyeing comfort near Rs 30,550, but Rs 30,900 may be a resistance line on MCX. Silver can take support near Rs 37,250 with resistance near Rs 37,650. 
Copper's hurdle is coming up near Rs 448, with a support line near Rs 435. Zinc's equivalent figures are Rs 172 and Rs 165. Zinc beat other metals, rising 0.8 per cent to $2,338 a tonne in London and climbing 1.3 per cent to 20,810 yuan in Shanghai 
Crude oil can be comfortable near Rs 5,010, but upside may be capped near Rs 5,080 on MCX. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Oil Prices Fall Amid Surprise Growth In US Crude Stocks

Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in US crude stockpiles. Brent crude futures had dropped 22 cents, or 0.28 per cent, to $78.81 per barre, chipping away at Tuesday's 1.26 per cent gain. 
US crude inventories rose by 1.2 million barrels to 397.1 million in the week to Sept. 14, according to data released on Tuesday by the American Petroleum Institute (API). That compared with analyst expectations for a decrease of 2.7 million barrels. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Tuesday, 18 September 2018

Gold Slips As New US Tariffs On China Lifts Dollar

Gold prices inched lower early on Tuesday, after rising 0.6 per cent in the previous session, as the dollar rose after the United States imposed a new round of tariffs on Chinese imports, aggravating global trade worries.The dollar index, which measures the greenback against a basket of currencies, was up 0.1 per cent at 94.582. China's yuan was 0.25 per cent lower at 6.8862 per dollar in offshore trade. Gold prices have declined over 12 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Monday, 17 September 2018

Oil Prices Ease As Trade Row Clouds Demand Outlook

Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures dipped 16 cents, or 0.2 per cent to $77.93 a barrel. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Gold Treads water On Reports New China Tariffs Imminent

Gold prices were little changed early Monday, after falling 0.6 per cent in the previous session, as investors remained cautious on reports that the United States is set impose a new round of tariffs on Chinese imports. 
The dollar index was firm at 94.951, having bounced from over six-week lows of 94.359 hit last week. Gold prices have declined about 12.6 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Wednesday, 12 September 2018

Gold Prices Slip On US-Sino Trade war Fears

Gold prices inched down on Wednesday after touching two-week lows in the previous session, with investors staying away from bullion on fears the US-China trade war could escalate. The trade conflict has prompted investors to buy the US dollar in the belief that the United States has less to lose from the dispute, making dollar-priced gold more expensive for non-US buyers. 
Spot gold was down 0.1 per cent at $1,196.21 an ounce at 0102 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Tuesday, 11 September 2018

Gold, Silver Trade Lower In Morning Trade

Gold prices were trading in red in morning trade on Tuesday as the dollar remained firm on hopes that the US interest rate will rise this month and worries that the Sino-US trade war could escalate. 
MCX Gold futures were down 0.52 per cent to 30,554 per 10 gram, while MCX Silver futures were down 0.47 per cent to 37,319 per 1 kg at around the same time. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Monday, 10 September 2018

Oil Prices Climb As US Drilling Stalls, Iran Sanctions Loom

Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. US West Texas Intermediate (WTI) crude futures were at $67.96 per barrel at 0150 GMT, up 21 cents, or 0.3 per cent, from their last settlement. 
Brent crude futures climbed 30 cents, or 0.4 per cent, to $77.13 a barrel. US energy companies cut two oil rigs last week, bringing the total count to 860, energy services firm Baker Hughes said on Friday. The US rig count has stagnated since May, after staging a recovery since 2016, which followed a steep slump the previous year amid plummeting crude prices. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Gold Inches Down On Rate Hike Views, Trade Worries

Gold held on to a small loss from the previous session on Monday, amid expectations of a US Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China. Spot gold was down 0.1 per cent at $1,194.01 at 0030 GMT, having fallen 0.4 per cent in the previous session. 
US gold futures fell 0.1 per cent to $1,199.80 an ounce. US jobs growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration's escalating trade war with China. 
The Federal Reserve should keep raising US interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday.For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Thursday, 6 September 2018

Gold Rises For Second Day On USD Weakness And Rising Demand From India

Gold is flashing green in Asia and is attempting a break above the psychological hurdle, possibly on the back of the losses in the US dollar.The US dollar exchange rate, as represented by the dollar index (DXY), fell to a low of 94.90 earlier today, having dropped 0.64 percent yesterday. The metal may remain well bid during the day ahead, although if the DXY picks up a bid on haven demand, then gold could trim gains. It is worth noting that in the recent past, the US dollar has strengthened during the bouts of risk aversion. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Wednesday, 5 September 2018

HPCL, BPCL Hit 52-Week Lows On Crude Oil Price Surge, IOC Falls 1%

Shares of oil marketing companies fell over a percent, with HPCL and BPCL hitting fresh 52-week lows, as crude oil prices move upwards. The Brent crude is hovering close to USD 80 per barrel and this has impacted sentiment among investors. The likes of HPCL, BPCL and IOC were all down 1 percent. Hindustan Petroleum Corporation was quoting at Rs 248.30, down Rs 1.75, or 0.70 percent, on the BSE. It touched a 52-week low of Rs 246.30.
Bharat Petroleum Corporation was quoting at Rs 348.95, down Rs 2.25, or 0.64 percent, on the BSE. The stock, too, touched a 52-week low of Rs 347.00. Indian Oil Corporation, on the other hand, was quoting at Rs 151.55, down Rs 1.00, or 0.66 percent, on the BSE. It touched an intraday high of Rs 153.00 and an intraday low of Rs 151.00. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961

Tuesday, 4 September 2018

Gold Edges Lower As Trade Tensions Weigh

Gold prices eased slightly on Monday as the dollar held near a one-week high on worries over an escalation in trade conflicts between the United States and other countries. A firmer US currency makes dollar-priced gold more expensive for holders of other currencies, potentially sapping consumption. Safe-haven demand for gold has this year been overshadowed by the metal's relationship with the greenback.Gold prices are down about 8 percent this year against a backdrop of rising US interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961

Monday, 3 September 2018

Gold, Silver Down In Morning Deals


Gold and silver were trading lower in morning trade on Monday on account of muted demand from jewelers, industries and retailers. The precious metal gold was weighed down following broad strength in the dollar but losses remained restricted on back of worries about escalating global trade tensions.
MCX Gold futures were down 0.12 per cent at Rs 30,092 per 10 gram. MCX Gold futures were down 0.12 per cent at Rs 30,092 per 10 gram, while MCS Silver was trading 0.42 per cent down at Rs 36,548 per 1 kg at around the same time. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961