Turmeric Prices Gained Amid Fears Of Loss To Standing Crop

Turmeric trading range for the day is 6134-6370.

Turmeric prices gained amid fears of loss to standing crop due to excessive rains in some parts of the country.

As per Andhra Pradesh Govt, Turmeric sowing reported 10,345 hectares as compared to 17,640 hectares in the corresponding period last year.

The total area sown under turmeric in Telangana was at 48,315 hectare in the current 2019-20 season, slightly up from 47,790 hectare.

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Natural Gas Fell Following The Release Of A Report Showing A Bigger

Natural gas trading range for the day is 165.7-186.7.

Natural gas fell following the release of a report showing a bigger-than-expected storage build.

EIA said utilities added 102 billion cubic feet of gas to storage during the week ended Sept. 20.

The increase boosted stockpiles to 3.205 trillion cubic feet, 1.4% below the five-year average of 3.252 tcf for this time of year.

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Gold Prices Gained After The U.S. Market Turned Subdued

Gold trading range for the day is 37301-38095.

Gold prices gained after the U.S. market turned subdued, weighed down by the impeachment inquiry into President Donald Trump

Political worries also eased as investors largely shrugged off the Democrats' decision to begin an impeachment inquiry into Trump.

China's net gold imports via Hong Kong in August soared 60.8% from the previous month, Hong Kong Census and Statistics Department data showed.

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Jeera Gained On Short Covering After Prices Dropped Amid Hopes

Jeera trading range for the day is 16350-17370.

Jeera gained on short covering after prices dropped amid hopes of higher sowing in coming season and comfortable stocks. 

Further upside seen limited due to anticipation of a rise in arrivals in coming weeks before the start of new season in October.

As per data arrivals of jeera in Gujarat is about 22,200 tn compared to 12,000 tn last year same period.

In Unjha, a key spot market in Gujarat, jeera edged down by -1.65 Rupees to end at 17021.45 Rupees per 100 kg.

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Silver Slid As Political Uncertainties In The United States Stemming

Silver trading range for the day is 45359-49033.

Silver slid as political uncertainties in the United States stemming from an impeachment inquiry into President Donald Trump drove investors to the safety of the dollar, limiting bullion's appeal.

The hard-line stance of the U.S. President weighed on investor sentiment and prompted them to seek safe haven assets.

In Germany, business morale rose in September for the first time in six months but Europe's largest economy is still likely slipping into recession.

Hedge funds and money managers trimmed bullish bets on silver contracts, the U.S. Commodity Futures Trading Commission said.

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Gold Prices Declined Sharply As The Dollar Gained Against Major Currencies

Gold trading range for the day is 37051-38469.

Gold prices declined sharply as the dollar gained against major currencies and equities recovered after a weak start.

U.S. political uncertainty added to worries about economies strained by the Sino-U.S. trade row.

Trump's rhetoric on China turned harsh once again as he delivered a stinging rebuke to Beijing's trade practices, saying he would not accept a "bad deal" in U.S.-China trade negotiations.

According to a report released by the Conference Board, U.S. consumer confidence deteriorated by much more than anticipated in the month of September.

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Crude Oil Prices Eased As Weak Manufacturing Data From Europe And Japan

Crude oil trading range for the day is 4012-4194.

Crude oil prices eased as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand.

Saudi Arabia has restored more than 75% of crude output lost after the attacks on its facilities and will return to full volumes by early next week.

Saudi oil production from its Khurais plant is now at more than 1.3 million barrels per day, while current production from its Abqaiq plant is at about 3 mbpd.

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Silver Prices Fell But Trimmed Its Earlier Losses, As The US Dollar

Silver trading range for the day is 46879-48785.

Silver prices fell but trimmed its earlier losses, as the US dollar fell due to concerns about Trump and the trade talks with China.

Uncertainty about the U.S. and China agreeing on a trade deal anytime soon, and worries about tensions in the Middle East limited the downside.

St. Louis Federal Reserve President James Bullard was one of three voting members of the Federal Open Market Committee that voted against the Fed's quarter-point rate cut.

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Gold Prices Gained On Safe-Haven Appeal After Equities Reeled Under Pressure

Gold trading range for the day is 37603-38443.

Gold prices gained on safe-haven appeal after equities reeled under pressure on weak economic data and geopolitical worries

U.S. Treasury Secretary Steven Mnuchin told that discussions with China were scheduled in two weeks, propping up the dollar.

Meanwhile, tensions in the Middle East have escalated since an attack on Saudi Arabia's oil facilities earlier this month, with Britain, Germany and France backing the US.

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Nickel Dropped On Profit Booking After Prices Gained In Recent Session

Nickel trading range for the day is 1140.1-1320.7.

Nickel dropped on profit booking after prices gained in recent sessions as stainless steel producers bought supplies ahead of a Chinese holiday.

Top supplier Indonesia's plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020.

The premium of LME cash nickel over the three-month contract climbed to $150 a tonne, near the recent decade high of $163

Warehouse stock for Nickel at LME was at 156954mt that is up by 2388mt.

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Zinc Settled Flat As Pressure Continued Due To Higher Shanghai Inventories

Zinc trading range for the day is 181.2-185.2.

Zinc settled flat as pressure continued due to higher Shanghai inventories of refined zinc.

The global zinc market swung into a 4,200 tonne deficit in July from a revised surplus of 13,800 tonnes in June, data from the ILZSG showed.

China's refined zinc and zinc alloy output grew by 1.4% in August from the previous month, as a recovery in smelter operating rates offset seasonal summer maintenance.

Warehouse stock for Zinc at LME was at 62150mt that is down by -775mt.

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Copper Trading Range For The Day Is 436.8-448.8

Copper trading range for the day is 436.8-448.8.

Copper prices remained under pressure as weak demand prospects were reinforced by the latest round of U.S.-China talks.

US and Chinese deputy trade negotiators met in Washington during September 19-20 in an effort to lay the groundwork for high-level discussions in early October.

The global world refined copper market showed a 21,000 tonnes deficit in June, compared with a 70,000 tonnes deficit in May, ICSG said.

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Crude Oil Gained After On Fresh Tensions In The Middle East

Crude oil trading range for the day is 4113-4259.

Crude oil gained after on fresh tensions in the Middle East after a key Saudi Arabian supply hub was knocked out in an attack last weekend.

Saudi Arabia's production dropped by almost half after an attack crippled a major oil processing facility.

In the United States, meanwhile, torrential rain from Tropical Storm Imelda has forced a major refinery to cut production and shut a key oil pipeline.

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Silver Prices Remained Under Pressure Following The Conclusion Of The U.S.

Silver trading range for the day is 45898-46972.

Silver prices remained under pressure following the conclusion of the U.S. Federal Reserve's latest policy meeting.

The Fed cut rates for the second time this year, again by a quarter point. The federal funds rate is now 1.75% to 2%.

The central bank has two more policy meetings for the year, in October and December, but there is no certainty it will cut rates further.

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Gold Recovered Amid An Escalation In Geopolitical Tensions And Uncertainty

Gold trading range for the day is 37316-37940.

Gold recovered amid an escalation in geopolitical tensions and uncertainty about the U.S. and China agreeing on a trade deal anytime soon

U.S. and Chinese deputy trade negotiators resumed face-to-face talks for the first time in nearly two months.

The Fed cut interest rates for the second time this year to help sustain economic expansion but gave mixed signals on future rate cuts.

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Mustard Seed Dropped Due To Expectation Of Rise In Mustard Seed

Rmseed trading range for the day is 3911-3971.

Mustard seed dropped due to expectation of rise in mustard seed acreage in upcoming sowing season.

Mills in India crushed 575,000 tn of mustard seed in August, up by 15% higher compared to previous month

USDA has scaled down its estimate for global oilseed production in 2019-20 to 586.0 mln tn from 597.7 mln tn

In Alwar spot market in Rajasthan the prices dropped -6.45 Rupees to end at 4121.55 Rupees per 100 kg.

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Silver Settled Flat After Fed Delivered A Widely Expected Interest Rate

Silver trading range for the day is 45508-47390.

Silver settled flat after Fed delivered a widely expected interest rate cut but left traders uncertain on the outlook for further monetary easing.

Fed’s Powell “did not explicitly commit himself to further rate cuts” and indicated the Fed would make its decisions from meeting to meeting

The report from the Commerce Department also showed permits for future home construction rose to levels last seen in 2007.

Housing starts jumped 12.3% to a seasonally adjusted annual rate of 1.364 million units last month, the highest level since June 2007.

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Gold Trading Range For The Day Is 37413-37923

Gold trading range for the day is 37413-37923.

Gold prices remained under pressure after the U.S. Federal Reserve cut interest rates but gave mixed signals on any future easing.

But prices recovered some of its losses as the focus returned to global growth risks and Middle East tensions.

The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions

Central banks around the world face increasing pressure to dole out monetary support as the U.S.-China trade war hurts global growth.

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Zinc Prices Dropped After Top Consumer China Released A Slew Of Weak Economic Data

Zinc trading range for the day is 183.2-187.4.

Zinc prices dropped after top consumer China released a slew of weak economic data that raised concerns about demand from the world's second-largest economy.

China's zinc output rose by 18.9% year-on-year to 528,000 tonnes in August, data released by the National Bureau of Statistics showed.

Meanwhile, on-warrant LME inventories fell to the lowest since at least 1998, at 33,450 tonnes.

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Silver Prices Ended With Gains As Investors Await Key Central Bank Meetings

Silver trading range for the day is 46422-47938.

Silver prices ended with gains as investors await key central bank meetings in the U.S. and Japan.

While the Federal Reserve is expected to cut interest rates by a quarter point in response to slowing global economic growth and muted inflation.

U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.

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Gold Prices Seen Some Under Pressure As Investors Adopted

Gold trading range for the day is 37701-38337.

Gold prices seen some under pressure as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve's two-day monetary policy meeting.

Further downside seen supported after a weekend attack on oil facilities in Saudi Arabia inflamed worries over stability in the Middle East.

Geopolitical developments and U.S.-China trade talks also remained on investors' radar.

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Natural Gas Gained As Gas Followed The Oil Market Higher After Crude Jumped 15%

Natural gas trading range for the day is 184-197.

Natural gas gained as gas followed the oil market higher after crude jumped 15% following a weekend attack on Saudi Arabian oil facilities halved the kingdom's production.

Prices were also higher on forecasts for more cooling demand and liquefied natural gas exports this week than previously expected.

Projected demand in the lower 48 U.S. states would reach 85.4 billion cubic feet per day this week, up from its forecast of 84.9 bcfd.

Gas speculators cut their net short positions on the NYMEX and ICE by a record 84,427 contracts to 89,116 in the week to Sept. 10, their lowest since early June.

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Silver Gained After A Strike Against Two Saudi Arabian Oil Facilities

Silver trading range for the day is 45654-48110.

Silver gained after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted safe-haven demand.

Chinese industrial output growth unexpectedly weakened to 4.4 percent in August from the same period a year earlier, the slowest pace since February 2002.

Looking ahead, critical policy decisions from central banks this week, including the Federal Reserve, are expected to dictate movement of the metal.

Large precious metals speculators slightly trimmed their bullish net positions in the Silver Futures markets, according to the latest COT data.

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Gold Rose After An Attack On Key Oil Facilities In Saudi Arabia Inflamed

Gold trading range for the day is 37615-38497.

Gold rose after an attack on key oil facilities in Saudi Arabia inflamed worries over the stability of the Middle East.

U.S. President Donald Trump said the United States was "locked and loaded" for a potential response to the attack

Hedge funds and money managers reduced their bullish positions in COMEX gold in the week to Sept. 10, the U.S. CFTC said.

Investors are looking forward to the outcome of the U.S. Federal Reserve and Bank of Japan's policy meetings on Wednesday, for signals on their future policy path.

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Turmeric Prices Dropped Due To Sufficient Stocks Arriving In The Market

Turmeric trading range for the day is 6254-6666.

Turmeric prices dropped due to sufficient stocks arriving in the market coupled with expectation of good production

However, downside seen limited due to lower sowing area in Tamil Nadu due to deficient rainfall.

Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India.

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Zinc Prices Ended With Gains As Investors Cheered Signs Of Progress In Resolving The U.S.

Zinc trading range for the day is 183.8-190.2.

Zinc prices ended with gains as investors cheered signs of progress in resolving the U.S.- China trade conflict.

China's refined zinc and zinc alloy output grew by 1.4% in August from the previous month, as a recovery in smelter operating rates offset seasonal summer maintenance.

The country churned out 436,000 tonnes of zinc last month, which was also up 23.7% year-on-year

Warehouse stock for Zinc at LME was at 62550mt that is down by -400mt.

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Copper Trading Range For The Day Is 450.1-465.3

Copper trading range for the day is 450.1-465.3.

Copper prices gained as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.

Indonesia’s energy ministry has approved a new recommendation for a unit of Freeport McMoran Inc to raise copper concentrate exports to 700,000 tonnes until March 2020.

The new recommendation is much higher than the initial approval for shipments of 198,282 tonnes of copper concentrates.

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Silver Prices Dropped As Optimism Over The U.S.-China Trade Talk Fanned Risk

Silver trading range for the day is 46256-48518.

Silver prices dropped as optimism over the U.S.-China trade talk fanned risk sentiment despite the ECB cut deposit interest rates and relaunched quantitative easing

The European Central Bank cut eurozone interest rates and delivered a batch of measures intended to boost the region’s sluggish economy.

The ECB cut its deposit rate further into negative territory, decreasing it by 10 basis points to negative 0.5%, while also announcing it would restart its monthly bond-buying program.

President Donald Trump said late Wednesday that the U.S. would delay implementing fresh tariffs until Oct. 15 on $250 billion in China goods.

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Gold Prices Dropped On An Uptick In Financial Markets Driven By Hopes

Gold trading range for the day is 37314-38446.

Gold prices dropped on an uptick in financial markets driven by hopes of a thaw in U.S.-China trade tensions.

The United States agreed to delay increasing tariffs on $250 billion worth of Chinese imports until Oct. 15, from Oct. 1 "as a gesture of goodwill".

The number of Americans filing applications for unemployment benefits fell to a five-month low last week, suggesting the labor market remains strong despite slowing job growth

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, have fallen nearly 2% so far this month.

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Crude Oil Prices Dropped With Traders Taking Some Profits After Recent Strong Gains

Crude oil trading range for the day is 4061-4273.

Crude oil prices dropped with traders taking some profits after recent strong gains and looking ahead to weekly inventory reports.

Early on in the session gained on the hopes that OPEC and its allies may agree to extend an agreement to curb output in order to support prices.

OPEC oil output rose in August, gaining for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by Saudi Arabia.

S&P Global Platts said it would launch new price assessments for U.S. crude for Asian buyers from Oct. 1, as the United States exports more oil to the East.

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Copper Prices Gained As Some Buying Witnessed After Prices Dropped On Expectations

Copper trading range for the day is 449-457.2.

Copper prices gained as some buying witnessed after prices dropped on expectations of weak demand in top consumer China

China's central bank cut banks' reserve requirements for a seventh time since early 2018 to free up more funds for lending.

The world’s 20 major copper miners produced a total of 6.55 million mt of copper in the first half of this year, down 1.2%.

Warehouse stock for Copper at LME was at 310450mt that is up by 100mt.

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Silver Remained Supported As Weak Economic Data From The U.S. And China

Silver trading range for the day is 46862-48486.

Silver remained supported as weak economic data from the U.S. and China raised hopes of further stimulus from global central banks.

Fed Chair Jerome Powell reiterated his soft-repeated pledge that the Federal Reserve will "act as appropriate" to sustain the U.S. economic expansion.

Data showed weaker than expected U.S. jobs growth in the month of August, while data from China showed that the country's exports unexpectedly fell.

German industrial output unexpectedly fell in July, adding to signs that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.

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Gold Trading Range For The Day Is 38028-38608

Gold trading range for the day is 38028-38608.

Gold prices inched lower as the dollar stayed firm and risk appetite remained intact after Germany announced a stimulus plan to support its growth.

Risk sentiment was also supported by comments from Fed’s Powell that the U.S. central bank would continue to act "as appropriate" to sustain the economic expansion.

U.S. non-farm payrolls numbers underscores the economic fragility in the world's largest economy.

Hedge funds and money managers hiked their bullish positions in COMEX gold and silver contracts in the week to Sept. 3, the U.S. CFTC said.

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CPO Trading Range For The Day Is 550.3-561.3

CPO trading range for the day is 550.3-561.3.

Crude palm oil dropped on short covering after prices gained due to higher tariff value and reports of possible increase in import duty.

According to SEA, palm oil exports up by 47.7% on year in July at 8.13 lt in July while overall palm oil imports are up by 13% on year.

Indonesia's palm oil production and exports in July are likely to shrink from a month earlier.

Crude palm oil prices in the spot market gained by 2.30 rupees and settled at 557.50 rupees.

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Nickel Prices Gained Supported By Stable Demand From Stainless Steel

Nickel trading range for the day is 1206.1-1294.9.

Nickel prices gained supported by stable demand from stainless steel and supply shortages after Indonesia bans ore exports.

China’s nickel ore market will flip to a deficit in 2020 as major supplier Indonesia brought forward the ban on mineral exports to December 31, from the previously scheduled 2022.

Nickel ore inventories across all Chinese ports fell 280,000 wmt from a week ago to 13.25 million wmt as of Friday September 6

Warehouse stock for Nickel at LME was at 154956mt that is up by 1134mt.

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Zinc Prices Dropped After The United States And China Agreed To Hold Further Trade

Zinc trading range for the day is 181.4-189.8.

Zinc prices dropped after the United States and China agreed to hold further trade talks to resolve a dispute that has weakened global growth.

Data showed that social inventories of refined zinc across Shanghai, Tianjin and Guangdong dropped 5,800 mt.

The net speculative long position on the LME reached 43% of open interest, the highest since September 2017 when it peaked at 47%.

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Jeera Gained On Short Covering After Prices Dropped Due To Sufficient Availability

Jeera trading range for the day is 16895-17235.

Jeera gained on short covering after prices dropped due to sufficient availability in the physical market despite steady export demand.

Further, upside seen limited because of high moisture content in the spice, due to rainfall in the key producing areas of Gujarat. Arrivals of jeera in Gujarat is about 22,200 tn during 1-25 Aug compared to 12,000 tn last year same period.

In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 Rupees to end at 17330 Rupees per 100 kg.

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Nickel Prices Dropped As Investors Worried About Slowing Demand Growth

Nickel trading range for the day is 1193.4-1292.8.

Nickel prices dropped as investors worried about slowing demand growth at China.

The premium of LME nickel cash over the three-month contract fell further to a threeweek low of $15 a tonne, indicating a supply crunch has eased.

Manufacturing activities across nickel downstream sectors barely improved from a month ago in August, remaining in contraction for the fifth consecutive month

Warehouse stock for Nickel at LME was at 153822mt that is up by 300mt.

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Zinc Prices Gained As Support Seen After Confirmation Of Talks Between U.S. And China

Zinc trading range for the day is 183.7-191.7.

Zinc prices gained as support seen after confirmation of talks between U.S. and China also aided sentiment.

Prices also rose as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit.

The US trade deficit narrowed less than expected in July as the US-China trade war drags on.

Warehouse stock for Zinc at LME was at 66600mt that is up by 425mt.

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Nickel Prices Gained As A Rally Fuelled By Supply Shortage Worries Lost Steam

Nickel trading range for the day is 1256.1-1304.7.

Nickel prices gained as a rally fuelled by supply shortage worries lost steam.

The premiums of LME cash nickel to the three-month contract eased to $38 a tonne, indicating nearby supply was not as tight as last week.

LME's on-warrant nickel stocks, or those available for delivery, dropped to 83,352 tonnes, their lowest since 2011.

Warehouse stock for Nickel at LME was at 153522mt that is up by 510mt.

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Aluminium Gained Fuelled By Hopes Of Stable Demand As Anti Pollution Curbs Ahead

Aluminium trading range for the day is 139.2-142.

Aluminium gained fuelled by hopes of stable demand as anti-pollution curbs ahead of the National Day holiday were more lenient than expected.

China hoped that the two sides would seek common ground while setting aside differences, Vice-Premier Liu He said.

Social inventories of primary aluminium in China continued to fall over the weekend, with all major warehouses, except for that in Gongyi of Henan, saw losses.

Warehouse stock for Aluminium at LME was at 922375mt that is up by 8450mt.

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Copper Prices Gained Helped By A Weaker Dollar And Rising Global Stock Markets

Copper trading range for the day is 438.4-455.4.

Copper prices gained helped by a weaker dollar and rising global stock markets.

LME copper cancelled warrants, which often indicates physical demand, surged to their highest since September 2018 at 117,900 tonnes.

Yangshan copper premiums, paid on top of LME copper prices to import metal into China, were at $77 a tonne, their highest since November 2018.

Warehouse stock for Copper at LME was at 323550mt that is down by -6500mt.

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Mustard Seed Prices Dropped Due To Expectation Of Better Crop Next Year

Rmseed trading range for the day is 3957-4017.

Mustard seed prices dropped due to expectation of better crop next year due to good rains. Rapemeal exports have been steady against higher stocks.

Mustard output last year is pegged at 93.4 lakh tonnes in 4th Advance estimate by Government, up from 87.8 lt in 3rd estimate.

Nafed has commenced the sale of PSS Mustard seed rabi 2019-20 in Madhya Pradesh from through NEML and MSTC portal.

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Soyabean Prices Dropped As Pressure Seen On Expectation Soybean Yield

Soyabean trading range for the day is 3521-3655.

Soyabean prices dropped as pressure seen on expectation soybean yield is likely to increase in Madhya Pradesh.

Soybean acreage is reported at 112.51 lakh hectares as compared to 111.49 lakh hectares last year same period.

As per the Fourth advance crop estimates 2018-19, Soybean production is estimated at 137.86 lakh tonnes as against 109.33 lakh tonnes in 2017-18.

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Natural Gas Rose On Forecasts For Warmer Weather And Cooling Demand

Natural gas trading range for the day is 163.8-175.4.

Natural gas rose on forecasts for warmer weather and cooling demand next week that was higher than previously expected.

A large low pressure system located over the west-central Gulf of Mexico, has 80% chance of becoming a cyclone in the next 48 hours

The amount of gas in inventory has remained below the five-year average since September 2017.

Gas production in the Lower 48 states, meanwhile, edged up to 92.8 bcfd on Monday from a near three-week low of 91.4 bcfd last week.

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Crude Oil Dropped Amid Ongoing U.S.-China Trade War

Crude oil trading range for the day is 3744-4048.

Crude oil dropped amid ongoing U.S.-China trade war, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.

Output from the OPEC rose in August for the first month this year as higher supply from Iraq and Nigeria outweighed.

OPEC, Russia and other non-members, known as OPEC+, agreed in December to reduce supply by 1.2 million bpd from Jan. 1 this year.

Hedge funds and other money managers cut their net long U.S. crude futures and options positions in the week to Aug. 27, the U.S. CFTC said.

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Zinc Prices Remained Supported After Caixin Survey Showed

Zinc trading range for the day is 182.3-186.5.

Zinc prices remained supported after Caixin survey showed that China’s factory activity unexpectedly expanded in August.

However, the price gains were capped by lingering worries about a global economic downturn and a robust US dollar.

Stocks of refined zinc across Shanghai-bonded areas fell for a third straight week, decreasing by 2,000 mt from a week ago to 88,500 mt.

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Crude Oil Settled Flat On Worries About A Slowdown In Economic Growth

Crude oil trading range for the day is 3886-4020.

Crude oil settled flat on worries about a slowdown in economic growth and the impact on oil demand due to the trade war between the world's two biggest oil consumers.

Russia's Novak says Russia's august oil cuts will be slightly below those agreed with OPEC+

Russia's Novak says OPEC and NON-OPEC countries to discuss the deal and market situation at monitoring committee meeting on sept. 12

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Silver Trading Range For The Day Is 47909-49039

Silver trading range for the day is 47909-49039.

Silver prices ended with gains supported by largely to the U.S. and China escalating their tariff war.

A modest boost from U.S. inflation data failed to revive a rally driven by last week's escalations of the U.S.-China trade war.

U.S. President Donald Trump told the U.S. and China are scheduled to hold talks at a "different level," although he did not clarify what that means.

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Gold Gained Buoyed By Safe Haven Demand, As The United States And China

Gold trading range for the day is 38744-39290.

Gold gained buoyed by safe-haven demand, as the United States and China launching tit-for-tat tariffs on each other’s goods escalated a prolonged trade war

Washington began imposing 15% tariffs on a variety of Chinese goods, as Beijing began imposing new duties on U.S. crude.

The inversion of the U.S. yield curve, where short-dated yields are running above long-dated ones, has also unsettled investors as it often precedes a recession.

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