Wednesday, 31 October 2018

Gold Hits Over 2-Week Low; Set To End 6-Month Losing Streak

Gold prices fell to a more than two-week low on Wednesday as Asian stocks gained and the dollar touched multi-month highs on upbeat US economic data.  The yellow metal, however, remained on track to end a six-month losing streak, the longest since a period that finished in early 1997. Spot gold was 0.4 percent lower at $1,217.26 an ounce at 0419 GMT, having touched its lowest since Oct. 12 at $1,215.35 earlier in the session. It has risen about 2.4 percent so far in October, the biggest monthly gain since January. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Oil Prices Rise For First Time In Three Days, But Trade War Drags

Oil NSE -0.79 % prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the US-China trade war kept pressure on the market. Brent crude futures had gained 47 cents, or 0.6 percent, to $76.38 a barrel by 0441 GMT. They fell 1.8 percent on Tuesday, at one point touching their lowest since Aug. 24 at$75.09 a barrel. 
Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October, and are on track to post their worst monthly performance since July 2016. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 30 October 2018

Nikkei Rises The Most In 2-1/2 Months On China Bounce

Japan's Nikkei rose on Tuesday as investors bought beaten-down cyclical stocks and firms which are raising profit forecasts, tempering fresh worries about US-China trade frictions. 
The Nikkei share average ended 1.5 per cent higher at 21,457.29 points, posting the biggest daily gain since mid-August. It had opened lower following overnight weakness on Wall Street where big technology and internet shares declined sharply. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Brent Crude Prices Fall On Rising Supply, Global Market Woes

Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. Front-month Brent crude oil futures were at $77 a barrel at 0246 GMT, down 34 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $67.08 a barrel, little changed from their last settlement. Oil has been caught up by broad financial market slumps this month, with stocks falling again on Monday after reports the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world’s two largest economies. Oil was also being weighed down by signs of rising supply from top producers. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 29 October 2018

Gold Looks At A Support Base Near Rs 31,800

Gold and Silver: Gold rose Rs 37 to Rs 31,974 per 10 grams while silver was at Rs 38,781 per kg, up by Rs 69. Gold is expected to take support near Rs 31,800 and face resistance near Rs 32,100 on MCX. Silver can take support near Rs 38,500 and hit a barrier near Rs 39,000, said SMC Global Securities in a report. 

Base Metals: Base metals prices may remain soft today. Copper can face resistance near Rs 449, but can take comfort near Rs 441. Zinc's equivalent figures are Rs 200 and Rs 196. 

Energy: Oil prices turned stable today, supported by a bounce in Asian stocks. However, sentiment remained cautious as a plunge in financial markets last week triggered worries that global growth may be slowing. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Prices Nudge Down As Asian Stocks Gain

Gold prices inched down early on Monday to drift away from a more than three-month high hit in the previous session, pressured as the dollar firmed and Asian stocks edged up after setbacks last week. 
Spot gold was down 0.1 per cent at $1,232.54 an ounce at 0055 GMT. On Friday, it touched its highest since July 17 at $1,243.32. It climbed 0.6 per cent last week in its fourth straight weekly gain, its longest such streak since January. US gold futures were down 0.1 per cent at $1,234.70 an ounce. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 24 October 2018

Oil Extends Declines As Saudi Arabia Commits To Meet Demand

Oil NSE 0.00 % prices on Tuesday extended falls from the previous day, when crude slumped as much as 5 per cent, after Saudi Arabia said it would make up for supply disruptions from US sanctions targeting Iran's petroleum exports from next month. US West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, 12 cents below their last settlement. The dips came after Brent closed down 4.3 per cent and WTI 4 per cent in the previous session. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 23 October 2018

Aluminium, Lead Rise On Spot Demand

Aluminium prices were marginally higher by 0.34 per cent to Rs 148.30 per kg in futures trade Tuesday as speculators created fresh positions amid improved demand in the spot market amid positive global cues.  
At the Multi Commodity Exchange, aluminium for delivery in current month inched up by 50 paise, or 0.34 per cent to Rs 148.30 per kg in business turnover of 124 lots. 
At the Multi Commodity Exchange, lead for delivery in the current month was up 25 paise, or 0.17 per cent, at Rs 146.95 per kg, in a business turnover of 343 lots. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Nudges Up As Asian Shares Edge Lower

Gold prices inched up early Tuesday as Asian stocks faltered, weighed down by political tensions between Saudi Arabia and Western powers, uncertainties around Br-exit and Italy's budgetary woes. 
US gold futures edged up 0.1 percent to $1,225.30 an ounce. Asian shares were listless on Tuesday, a day after a strong rally led by stimulus hope in China, with MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.5 per cent.  For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 22 October 2018

Gold Inches Higher As Asian Stocks Slip

Gold prices edged higher early Monday, moving closer to a 2-1/2-month peak hit last week, as Asian shares fell amid rising political tensions and worries over slowing global economic growth. US gold futures were up 0.2 per cent at $1,230.60 an ounce. 
Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and centre. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 19 October 2018

Gold, Silver Down In Morning Deals

Gold and silver prices were trading lower in morning trade on Friday on account of lackluster demand for precious metals from jewelers, industries, investors and retailers. 
MCX Gold futures were trading 0.08 per cent down at Rs 32,047 per 10 gram, while MCX Silver futures were trading 0.16 per cent down at Rs 38,795 per 1 kg. Gold can take support near Rs 31,800 and can face resistance near Rs 32,200 in MCX, while Silver can take support near Rs 38,500 and it has resistance near Rs 39,110. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 17 October 2018

Gold Prices Hold Steady As Investors Wait For Fed Minutes

Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes from the US Federal Reserve's latest policy meeting for any fresh clues on the pace of interest rate hikes. 
Spot gold was up 0.1 per cent at $1,224.70 an ounce at 0100 GMT. On Monday, it touched its highest since July 26 at $1,233.26 an ounce. US gold futures were down 0.2 per cent at $1,228.30 an ounce. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 16 October 2018

Gold Hovers Near 2-1/2 Month High As Investors Seek Safe Haven Refuge

Gold prices inched higher early on Tuesday, hovering near a 2-1/2 month high hit in the previous session, as risk averse investors sought a safe haven amid rising political tensions and economic uncertainty. 
Spot gold was up 0.1 per cent at $1,227.76 an ounce at 0114 GMT. On Monday, it touched a peak of $1,233.26, the highest since July 26. US gold futures were up 0.1 per cent at $1,231.20 an ounce. 
Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 15 October 2018

Oil Prices Climb Amid Saudi Tensions

Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices. Brent crude had risen $1.01, or 1.26 percent, to 81.44 a barrel, on track for its biggest daily gain since Oct. 9. U.S. crude futures climbed 80 cents, or 1.12 percent, to $72.14 a barrel, extending gains they racked up on Friday after hefty losses on Wednesday and Thursday. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 12 October 2018

Oil Prices Hold Ground, But Set For 4% Weekly Fall

Oil NSE 0.23 % prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 per cent for the week. Brent crude futures edged up 13 cents to $80.39 a barrel. The contract fell 3.4 per cent on Thursday, after hitting a low of $79.80, its weakest since Sept. 24. US West Texas Intermediate (WTI) crude futures were up 11 cents at $71.08 a barrel, after falling 3 per cent in the previous session to the lowest since Sept. 21. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 11 October 2018

Shares Of Oil Companies Gain As Crude Oil Prices Fall

Shares of oil and gas companies rise marginally despite a sharp sell-off in the market. HPCL was up 2.4%, Indian Oil, ONGC and GAIL India gained about 1% each. Oil prices fell to two-week lows as they extended big losses from the previous session amid a rout in global stock markets, with oil also taking a hit from an industry report showing U.S. crude inventories rose more than expected. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 10 October 2018

Dollar Advisory Commodity Update : Gold Has Rs 31,100-31,520 In Sight

Gold: For the day, gold on MCX is expected to quote in the range of Rs 31,100-31,520. 

Silver: Intraday support for MCX Silver is at Rs 38,430-38,355 whereas strong resistance remains at Rs 38,815-38,850 levels. For the session, buying above resistance is advised targeting Rs 39,100-39,300. 

Crude oil: MCX Crude oil will be consolidating for the session. Support is at Rs 5,525-5,500 whereas resistance is seen at Rs 5,625. 

Natural Gas: Recent high around Rs 251 will act as strong resistance for MCX Natural Gas whereas supports are placed at Rs 238-235. Upside will extend only if price breaks above the resistance line. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Inches Up As Retreat Of Bond Yields Weigh On Dollar

Gold prices crawled higher on Wednesday, as long-dated US Treasury yields retreated from multi-year highs. US gold futures rose 0.3 per cent to $1,194.50 an ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 per cent. US long-dated Treasury yields fell on Tuesday in choppy trading, as investors took a respite from selling bonds that took rates to multi-year highs following recent economic data and on interest rate prospects over the next year and a half. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 9 October 2018

Gold Inches Higher On Safe-Haven Demand Amid China Worries

Gold prices edged higher on Tuesday, drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China's economic growth. Asian shares hit 17-month lows on Tuesday as investors fretted about everything from the Chinese economy, to trade wars, higher US bond yields and political dysfunction in Europe. 
The dollar NSE 3.75 % was flat against a basket of six major currencies. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 8 October 2018

Oil On Weak Footing On Iran Sanction Waiver

Precious metals, including gold and silver, were in the red early Monday as the dollar firmed up after China’s central bank eased its domestic policy to support the economy. Gold can take support near Rs 31,500 as it braces for resistance near Rs 31,850 on MCX. Silver can take support near Rs 38,800 with a likely barrier near Rs 39,600. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold, Silver Down In Morning Trade

Gold prices were trading lower in morning deals on Monday as the dollar held firm after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. 
MCX Gold futures were down 0.67 per cent at Rs 31,432 per 10 gram, White metal silver was also trading in red. MCX Silver futures were down 1.15 per cent at Rs 38,824 per 1 kg at around the same time. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 4 October 2018

Oil Falls As Saudi And Russia Quietly Agree Output Rise, US Stocks Swell

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were trading at $85.85 per barrel, down 44 cents, or 0.5 percent, from their last close. Brent on Wednesday hit a four-year high of $86.74 a barrel. U.S. crude oil stocks rose by nearly 8 million barrels last week to about 404 million barrels, the biggest increase since March 2017, Energy Information Administration data showed on Wednesday. U.S. weekly Midwest refinery utilization rates dropped to 78.9 percent, their lowest since October 2015, according to the data. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Gold Hovers In Narrow Range As Dollar Rises On Upbeat US Data

Gold prices moved in a narrow range on Thursday after losses in the previous session, with robust US economic data and hawkish comments from Federal Reserve policymakers boosting the dollar. US gold futures were down 0.1 per cent at $1,202.1 an ounce. 
The dollar index against a basket of six major currencies was up 0.3 per cent, after climbing to a six-week peak of 96.116 overnight. US services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter. The upbeat reports on wednesday likely keep the Federal Reserve on track to raise interest rates again in December. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 3 October 2018

Dollar Advisory Commodity Update : Oil Firm On Iran Sanctions

Oil prices were firm on expectations of tighter markets once US sanctions target Iran's petroleum industry from next month, although a strong dollar and rising US crude supply curbed gains. Brent crude oil futures were at $84.86 per barrel, up 6 cents from their last close. US West Texas Intermediate (WTI) crude futures were up just 1 cent at $75.24 a barrel. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 1 October 2018

Gold, Silver Trade Higher In Morning Deals

Gold and silver were trading higher in morning trade on Monday following robust demand for precious metals from jewellers, industries and retailers. MCX Gold futures were trading 0.61 per cent higher at Rs 30510 per 10 gram, while MCX Silver futures were up 2.66 per cent up at Rs 38,600 per 1 kg at around teh same time. Gold (Dec) can take support near Rs 30,600 and can face resistance near Rs 30,950 in MCX, while Silver (Dec) can take support near Rs 38,200 and it has resistance near Rs 38,800. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Brent Oil Rises To Four-Year High Ahead Of Iran Sanctions

Brent crude oil prices hit their highest level since November 2014 on Monday ahead of US sanctions against Iran that kick in next month. Brent crude oil futures were trading at $83.24 per barrel at 0228 GMT, up 51 cents, or 0.3 percent, their highest level since November 2014.US West Texas Intermediate (WTI) crude futures were up 37 cents, or 0.5 percent, at $73.62 a barrel. WTI prices were supported by a stagnant rig count, which points to a slowdown in US crude production. Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from November 4. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961