Tuesday 14 January 2020

Silver Trading Range For The Day Is 46112-46984

Silver trading range for the day is 46112-46984.

Silver prices ended with losses as stocks traded higher ahead of the U.S.-China phase one trade deal signing.

Beijing will increase imports from the U.S. in exchange for the suspension of the December tariffs on Chinese imports to the U.S.

The report said non-farm payroll employment climbed by 145,000 jobs in December after spiking by a revised 256,000 in November.

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Gold Trading Range For The Day Is 39345-39901

Gold trading range for the day is 39345-39901.

Gold prices fell as Asian stocks touched 19-month highs ahead of the planned signing of an interim trade deal between Washington and Beijing.

Further easing concerns, Washington and Beijing have agreed to semi-annual talks aimed at pushing for reforms in both countries and resolving disputes.

Holdings of SPDR Gold Trust, fell 0.9% to 874.52 tonnes on Friday, their lowest since Sept. 16.

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Friday 10 January 2020

Natural Gas Trading Range For The Day Is 148.2-158

Natural gas trading range for the day is 148.2-158.

Natural gas gained on forecasts calling for a little colder weather in late January despite a government report showing a smaller-than-expected storage draw.

EIA said utilities pulled 44 billion cubic feet of gas from storage during the week ended Jan. 3, lower than the 53 bcf draw forecasted.

Meteorologists projected the weather in the Lower 48 states will turn to colder-than-usual from Jan. 16-18 before returning to normal.

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Crude Oil Trading Range For The Day Is 4115-4363

Crude oil trading range for the day is 4115-4363.

Crude oil dropped as higher U.S. crude inventories and easing worries about U.S.-Iran standoff pushed down prices for a second straight session.

But gains were muted as Washington and Tehran looked to defuse a crisis in the crude-producing region.

U.S. crude oil stockpiles rose unexpectedly last week and gasoline inventories surged by their most in a week in four years.

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Thursday 9 January 2020

Turmeric Trading Range For The Day Is 6294-6670

Turmeric trading range for the day is 6294-6670.

Turmeric prices gained in anticipation of the declaration of minimum support price for the spice by Andhra Pradesh.

Prices have increased at a time when the spice industry is waiting for a fresh harvest in February-March.

The next crop is expected to be a good one as sowing has increased in Telangana, Andhra Pradesh and Maharashtra because of good rains.

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Gold Prices Drifted Lower As Profit Taking And An Increase In Risk

Gold trading range for the day is 39071-41813.

Gold prices drifted lower as profit taking and an increase in risk appetite amid hopes the ongoing tensions in the Middle East may not escalate into a full-fledged military conflict

Data released by payroll processor ADP showed private sector employment jumped by more than anticipated in the month of December.

The Perth Mint's gold product sales in December rose 45% from the previous month and to their highest in more than three years.

India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high.

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Wednesday 8 January 2020

Zinc Trading Range For The Day Is 179.6-185.4

Zinc trading range for the day is 179.6-185.4.

Zinc prices gained as support seen on continued decline in social inventories ahead of the Chinese New Year holiday and firmer spot premiums in Shanghai boosted morale.

An unexpected decrease in social inventories and firmer spot premiums contributed to gains in zinc, but upside potential will be hampered by faltering consumption.

Shanghai primarily contributed to the decline in overall stocks over the weekend, due to limited arrivals.
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Silver Trading Range For The Day Is 46112-46984

Silver trading range for the day is 46112-46984. Silver prices ended with losses as stocks traded higher ahead of the U.S.-China phase o...