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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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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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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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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Copper Prices Inched Upwards As Copper Output Slumped

Copper trading range for the day is 444.6-451.8.

Copper prices inched upwards as Copper output slumped at Chile's state miner Codelco and BHP's sprawling Escondida mine in November.

Copper stocks in London Metal Exchange-monitored warehouses have slumped by 57.5% since late August, and are currently at 142,900 tonnes.

A Chinese trade delegation is planning to travel to Washington on Jan. 13 for the signing of the U.S.-China Phase 1 trade deal between the two countries.

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Ref.Soya Oil Trading Range For The Day Is 889-947

Ref.Soya oil trading range for the day is 889-947.

Ref soyoil ended with losses on profit booking amid sufficient stocks in domestic market and weak demand in physical.

India’s November edible oil stocks at ports and pipelines fell 14.97 percent m-o-m to 15.11 lakh tons

U.S. November soybean crush fell by 7.56 percent m-o-m to 164.909 million bushels from 178.397 million bushels in Ocotber 2019, NOPA said.

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Crude Palm Oil Dropped On Profit Booking After Prices Gained

CPO trading range for the day is 767.2-827.8.

Crude palm oil dropped on profit booking after prices gained on expectations of higher imports from India following a tax cut.

India reduced its import taxes on crude and refined palm oil from Southeast Asian countries, a move that is expected to lead to higher imports

The duty on crude palm oil was lowered to 37.5% from 40%, while a tax on the refined variety was cut to 45% from 50%.

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Gold Trading Range For The Day Is 39275-40561

Gold trading range for the day is 39275-40561.

Gold rose as investors flocked to the safe-haven metal after a senior Iranian military official was killed in an air strike authorised by the United States.

Tensions flared in the Middle East after Iranian Major-General Qassem Soleimani, and top Iraqi militia commander Abu Mahdi al-Muhandis were killed in the air strike

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, on Thursday rose 0.2% to their highest since Nov. 29.

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.

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Silver Prices Rallied After A U.S. Airstrike Killed One Of Iran’s Most Powerful Generals

Silver trading range for the day is 46825-48275.

Silver prices rallied after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East.

The U.S. Department of Defense said in a statement that it had killed the head of the Islamic Revolutionary Guard's elite Quds Forces in an airstrike.

The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labor market amid recent signs that new claims may be trending slightly higher

A report released by the Conference Board showed U.S. consumer confidence dipped from an upwardly revised level in the month of December.

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Jeera Ended With Losses On Expectations Of Higher Acreage Due To Favorable Rains

Jeera trading range for the day is 15860-16200.

Jeera ended with losses on expectations of higher acreage due to favorable rains in key growing regions.

However, due to incessant rains in the production belts of Jeera, sowings have been delayed by 20- 30 days in the ongoing Rabi sowing season.

India exported 1.39 Lakh tonnes in 2019-20 an increase of 15% from the same period of last year.

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Turmeric Trading Range For The Day Is 6502-6926

Turmeric trading range for the day is 6502-6926.

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

Tamil Nadu government to procure turmeric at decent prices to help the farmers as prices have fallen to one-third of the prices a few years ago.

The reason being is that the yield in the current 2019-20 is seen higher due to favourable rains in the key producing states.

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Aluminium Trading Range For The Day Is 136.7-137.9

Aluminium trading range for the day is 136.7-137.9.

Aluminium dropped after data showed that social inventories of primary aluminium ingots in China increased 2,000 mt over the weekend.

Norsk Hydro said it had resumed bauxite production in Brazil and was ramping up alumina output, while tin hit a more than two-week low.

Premiums for aluminium shipments to Japan for the first quarter of 2020 were set at $83 per tonne, down 14% from the previous quarter.

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Nickel Settled Flat Amid Positive Factory Data In Top Metals Consumer China

Nickel trading range for the day is 1021.1-1039.1.

Nickel settled flat amid positive factory data in top metals consumer China, as investors looked to collect profits on the last day of the year.

Inventories of refined nickel in the Shanghai bonded areas edged higher this week, showed data, lifted by arrivals under long-term contracts.

China's monthly nickel ore imports from top miner Indonesia rose to a near 6-year high in November although its overall intake fell.

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Zinc Dropped As Investors Locked In Gains Made Since The United States

Zinc trading range for the day is 177.5-181.1.

Zinc dropped as investors locked in gains made since the United States and China reached a preliminary trade deal earlier this month.

Treatment charges for zinc concentrate in China rose to $310 a tonne this month, the highest since June 2008, incentivising smelters to raise output.

The global zinc market moved to a surplus of 7,300 tonnes in October from a revised deficit of 21,100 tonnes in September.

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Copper Trading Range For The Day Is 438.7-445.5

Copper trading range for the day is 438.7-445.5.

Copper dropped as Chinese top copper smelters failed to reach an agreement for production cuts as expected.

But the decline was capped as promising US industrial data and US-China trade hopes removed some worries about the global economy’s health.

Chinese Vice Premier Liu He will visit Washington this week to sign a Phase 1 trade deal with the United States

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