Commodity market outlook
- By Reuters |
- Nov 10, 2016
- Last Updated at 12:41 IST
Gold
Gold price shines on global cues.
Gold futures were trading higher during the evening trade in the domestic market on Wednesday as safe haven assets become more attractive for investors as Donald Trump stunned the financial markets by winning the US presidential election.
Moreover the crackdown of Rs.500 and Rs. 1000 denomination notes has led to a sudden surge in demand for gold. People having stash of unaccounted cash are trying to convert their wealth into gold as they fear scrutiny by the tax department if the cash is deposited in banks.
Crude
Oil edges higher after shock Trump victory for US presidency.
Oil Prices moved higher on Wednesday as stocks and the dollar bounced back from a huge early slide following Donald Trump’s surprise victory in the US presidential election.
Crude oil prices tumbled as much as 4 percent to near $43 a barrel, a near two-month low, late Tuesday night as it become clear US votes picked Trump as their next president. That sell-off was a part of a broad-based market reaction where investors Tuesday night fled risky assets such as stocks and the dollar which have since recovered in value.
But now, as Trump has won the election, the market has now started to recover from their overnight lows.
RELATED NEWS
Posted at 19:40 PM
Posted at 13:14 PM
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
The Big Stories
Modi faces calls for resignation over Rafale jet deal... Read More
China cancels trade talks with U.S. as tariff threats escalate: WSJ... Read More
Corrected: India's IL&FS unable to meet interest payment obligations... Read More
Asia Gold: India discount widest in three months; China activity nudges up... Read More
S&P, Dow hit record highs at the open... Read More
SEBI relaxes foreign fund rules for non-residents... Read More
LIVE ADVISORY
TESTIMONIALS
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advis... Read More
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations. Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG... Read More
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It... Read More
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL... Read More
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM
OPINION POLL
Will Nifty touch 12000 in September Series?
- Yes
- No
- Can't Say
