Friday, 30 November 2018

Gold Prices Flat Ahead Of Donald Trump-Xi Jinping Meet At G20 Summit In Buenos Aires

Gold prices were flat early on Friday as the dollar steadied ahead of the G20 meet in Argentina this weekend, where U.S. and Chinese leaders are scheduled to discuss trade matters after months of tensions.
Spot gold was flat at $1,223.77 per ounce at 0126 GMT. Prices had hit a one-week high of $1,228.96 per ounce on Thursday. U.S. gold futures were down 0.2 percent at $1,221.6 per ounce. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 29 November 2018

Wall Street Surges On Hints Of Fewer Rate Hikes, Dollar Falls

The Dow Jones Industrial Average rose 617.7 points, or 2.5 percent, to 25,366.43, the S&P 500 gained 61.61 points, or 2.30 percent, to 2,743.78 and the Nasdaq Composite added 208.89 points, or 2.95 percent, to 7,291.59. Comments by Federal Reserve Chair Jerome Powell that benchmark US interest rates were "just below" neutral sparked a sharp rally on Wall Street on Wednesday, easing investor worries about the pace of rate hikes by the US central bank next year. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 27 November 2018

Crude Oil Weighed Down By Record Saudi Output; Markets Eye G20, OPEC Meetings

Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week’s OPEC meeting in Austria. 
International Brent crude oil futures briefly dipped below $60 per barrel before edging back to $60.10 per barrel at 0147 GMT, still down 38 cents, or 0.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.21 per barrel, down 42 cents, or 0.8 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 22 November 2018

Gold Rises On Eeasing Dollar, Uncertain US Rate Hike Path

Gold prices rose to a two-week high on Wednesday as the dollar slipped, with uncertainty on the pace of interest rate hikes by the US Federal Reserve also supporting the metal.
Spot gold rose 0.5 percent to $1,226.61 having hit its highest since November 7 at $1,230.07 in light trading ahead of the Thanksgiving holiday.
US gold futures settled up $6.80, or 0.6 percent, at $1,228. The dollar has been under pressure this week as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of rate hikes. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 21 November 2018

Nikkei Ends Lower As Resource Shares Drag; Topix Nears Bear Market Territory

Japan's Nikkei visited three-week lows and ended weaker on Wednesday after Wall Street's tumble hit sentiment, while falling oil prices dragged down resource and trading-house shares. 
The Nikkei share average closed 0.4 per cent lower at 21,507.54 after touching 21,243.38 in early trade, the lowest since Oct. 30. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

India's Crude Oil Imports Rise To Highest Level In At Least 7 Years

India's crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday.
Crude imports in October climbed 10.5 percent from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 20 November 2018

Crude Oil Treads Water Amid Expected OPEC Cuts, Gloomy Economic Outlook

Oil prices were held in check on Tuesday as expectations of an OPEC-led supply cut supported the market but were countered by a deteriorating economic outlook, as well as a surge in U.S. production. U.S. West Texas Intermediate (WTI) crude futures, were at $57.14 per barrel at 0250 GMT, 6 cents below their last settlement. Front-month Brent crude oil futures were at $66.75 a barrel, down 4 cents from their last close. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 19 November 2018

Gold Rates Steady, Oil Prices Gain 1%

Global gold prices were steady, with the dollar subdued following comments from U.S. Federal Reserve officials that were cautious on global economic growth. Spot gold was up about 0.1% at $1,222.14 per ounce, while U.S. gold futures were flat at $1,222.8 per ounce. 
Oil prices rose around 1% as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end. Front-month Brent crude oil futures were at $67.29 per barrel, up 53 cents, or 0.8%, from their last close. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 16 November 2018

Crude Oil Prices Stable On Expected OPEC Cuts, But Surging US Supply Drags

Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.5/ per barrel at 0132 GMT, up 12 cents from their last settlement. Brent crude oil futures were up 7 cents at $66.69 a barrel. Prices were mainly supported by expectations the Organization of the Petroleum Exporting Countries (OPEC) would start withholding supply soon, fearing a renewed rout such as in 2014 when prices crashed under the weight of oversupply. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 14 November 2018

Gold Rate Today: Gold Futures Weaken By Rs 86/ 10 Grams

Gold prices were down by Rs 86 to Rs 30,960 per 10 grams in futures trade Wednesday as speculators reduced exposure despite a firm trend in the precious metal overseas. At the Multi Commodity Exchange, gold for delivery in far-month February traded lower by Rs 86, or 0.28 per cent, to Rs 30,960 per 10 grams in a business turnover of 11 lots. The gold for delivery in December, too, fell by Rs 84, or 0.27 per cent to Rs 30,685 per 10 grams in 172 lots. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 13 November 2018

Gold Prices Inch Up After Hitting 1-Month Low

Gold prices edged higher on Tuesday, as investors looked for bargains after the metal fell to a more than one-month low on a stronger US dollar. Spot gold was up 0.2 per cent at $1,202.99 per ounce at 0125 GMT, having touched their lowest since Oct. 11 at $1,199.72 earlier in the session. 
Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid political risks in Europe and acrimonious Sino-US trade relations. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 12 November 2018

Oil Prices Climb After 10 Days Of Losses

Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year. While futures in New York climbed as much as 1.3 percent on Monday, they are still down about 20 percent from a 2014-high reached early last month. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Dollar Advisory Commodity Outlook : Oil Can Bank On Rs 4,330 For Support

Gold and silver prices took on more luster on Monday, making the most of the demand for precious metals from jewelers, industries, and retailers. 

Bullion: Gold can take support near Rs 30,850 and face resistance near Rs 31,150 on MCX. Silver's corresponding figures are Rs 36,600 and Rs 37,100. 

Base Metals: Base metals prices may witness lower level buying. Copper is staring at a wall near Rs 436, but has comfort near Rs 426. Zinc can face headwinds near Rs 187, with likely support near Rs 183. Lead can find support near Rs 140, but upside can be limited near Rs 145. 

Energy: Crude oil can take support near Rs 4,330, with a likely resistance near Rs 4,420 on MCX. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 2 November 2018

HPCL, BPCL, IOC Share Price Rises As Crude Hits 7-Month Low

The shares of state-run oil market companies (OMCs) namely HPCL, BPCL and IOC surged up to 6 percent, majorly supported by fall in crude prices in the global oil market. The HPCL shares surged by more than 4 percent to hit intraday high of Rs 239. Similarly, the IOC shares soared as much as 4.65 percent to intraday high of Rs 148.45 and the BPCL shares surged by more than 5.75 to touch the day’s high at Rs 299.85. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Dollar Advisory Commodity Update : Oil Prices Down, Gold Rates Steady

Oil: Oil prices fell as record crude output by the world’s three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran’s petroleum exports. Front-month Brent crude futures were at $72.50 per barrel, down 39 cents, or 0.5%, from their last close. U.S. WTI crude futures were down 37 cents, or 0.6%, at $63.32 a barrel.

Gold: Global gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day. Spot gold was steady at $1,232.72 per ounce. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday after falling for three days in a row. U.S. gold futures were down 0.4% at $1,233.8 per ounce.

Metals: Shanghai copper prices rose by more than 1% in early trade on Friday, snapping a four-day losing streak after the presidents of the US and China both expressed optimism about resolving a trade row between the two countries. The most-traded December copper contract on the SFE rose as much as 1.2% to 49,450 yuan. Shanghai aluminium rose for the first session in seven in a broad base metals rally, while nickel climbed as much as 1.9% in Shanghai. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 1 November 2018

Gold Prices Recover From 3-Week Low On Softer US Dollar

Gold prices inched higher in early Asian trade on Thursday, recovering from a three-week low hit in the previous session as the US dollar eased. Spot gold was up 0.2 per cent at $1,216.23 an ounce, as of 0123 GMT, after three sessions of falls in a row. Prices fell to their lowest since Oct. 11 at $1,211.52 an ounce on Wednesday. 
US gold futures rose 0.2 per cent to $1,217.8 an ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.2 per cent. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961