Holi sweets to taste even sweeter as atta, maida, sooji rates soften 10-14%
Not just prices of wheat, but that of all its byproducts — atta (wheat flour), maida, sooji and rawa (semolina) — fell in the last month by 10-14 per cent, data from officials and trade sources showed. Wheat prices have slumped from their record high of about Rs 3,200 per quintal […]
Onion prices will stay depressed in markets till mid-March, say experts
Onion prices will stay depressed till the arrival of the long shelf life rabi or winter crop in the markets in mid-March, experts said on Tuesday. There is a supply glut in the market which has led to events like farmers getting a pittance of their input costs […]
‘Commodities are unique among asset class, provide hedge against inflation’
Commodities are effective diversifiers and unique compared with other asset classes as they provide a hedge against inflation, says Credit Suisse Research Institute’s Global Investments Year Book 2023.“Historically, commodities have had a low correlation with equities and a negative correlation with bonds, making them effective diversifiers… However, their inflation-hedging properties also mean that, in extended […]
Crude oil declines awaiting minutes of US Fed Reserve meeting
A strong US dollar and the expectations of an aggressive increase in interest rates in the US-led crude oil futures to trade lower on Tuesday morning. At 9.57 am on Tuesday, April Brent oil futures were at $83.18, down by 1.06 per cent, and April crude oil futures on WTI were at $76.65, down by […]
XAU/USD languishes near YTD low amid Fed rate hike jitters
Share: Gold price drops to its lowest level since January amid sustained US Dollar buying. Bets for additional rate hikes by the Federal Reserve continue to underpin the buck. The fundamental/technical setup supports prospects a slide below the $1,800 mark. Gold price comes under some renewed selling pressure on Friday and drops to […]
Gold Futures: Rebound looks limited
Share: Open interest in gold futures markets dropped for the fourth session in a row on Tuesday, this time by just 785 contracts according to preliminary readings from CME Group. Volume, instead, resumed the uptrend and went up by around 16.2K contracts. Gold remains supported around $1860 Gold prices edged higher and extended […]
Jostles with 50-DMA to convince Oil buyers
Share: WTI grinds higher after crossing one-week-old resistance line. Unimpressive oscillators, 50-DMA challenges Oil bulls ahead of the key 100-DMA hurdle. Pullback remains elusive below $75.60 support confluence, $73.00-72.50 region appears a tough nut to crack for bears. WTI crude oil struggles to extend the previous day’s stellar run-up around the weekly top, […]
Recovery remains elusive below $75.40
WTI picks up bids to snap three-day downtrend at monthly low. Bearish MACD signals, previous support line challenge buyers. Upside appears doubtful below 100-DMA, descending trend line from August also challenges the Oil buyers. Seven-week-old horizontal support limits immediate downside ahead of 2023 bottom. WTI crude oil licks its wounds near the one-month low, picking […]
Silver Prices Are Outpacing Gold. That’s a Good Sign for the Global Economy.
Silver has sharply outpaced gold’s gains in the past three months, and its classification as both an industrial and precious metal may lead it on a path to even higher prices. From Oct. 31 to Jan. 31, Comex silver futures climbed nearly 25%, outpacing gold’s almost 19% climb, a “statistically unusual amount that shows the […]
XAU/USD stays defensive above $1,920 support as US Dollar steadies ahead of Fed, NFP
Gold price bounces off intraday low but stays directionless after closely missing the bear’s entry in the week. China’s return boosts Asia-Pacific shares, S&P 500 Futures bear the burden of firmer yields. XAU/USD bulls appear running out of steam even as Fed’s dovish hike, downbeat expectations from US NFP probe bears. Gold price (XAU/USD) aptly […]