Commodity market outlook
- By Advisorymandi |
- Dec 08, 2016
- Last Updated at 12:04 IST
Gold
Gold up on weaker dollar ahead of ECB meetings.
Gold prices edged up on Thursday buoyed as a fall in the dollar along with long-dated US Treasury bond yields ahead of a European Central bank meeting prompted safe-haven buying of the precious metal.
A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies.
Spot gold had risen 0.3 percent to $177.06 an ounce by 0255 GMT. US gold futures were up 0.1 percent at $1179 an ounce.
The ECB will extend its already generous assets buys on Thursday aiming to boost stubbornly weak prices growth, but with much of its firepower exhausted it may also debate sending a token signal about the eventual end of such purchase.
Some analyst have an opinion that even if the precious metal responds positively to the ECB’s expected easing, any advances could be short-lived as they have a fed meeting in just over a week.
Crude
Crude oil prices rise on US crude stock decline, weaker dollar.
Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in US crude stocks.
International Brent crude futures were trading up 4 cents $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents.
RELATED NEWS
Posted on 10- Oct- 2018
Posted on 07- Jun- 2018
Posted on 13- Apr- 2018
Posted on 01- Jan- 2018
Posted on 18- Dec- 2017
Posted on 12- Dec- 2017
Posted on 12- Dec- 2017
Posted on 12- Dec- 2017
Posted on 11- Dec- 2017
Posted on 08- Dec- 2017
The Big Stories
Libya's National Oil against paying 'ransom' to reopen El Sharara field... Read More
Wall Street drops at open on growth fears... Read More
U.S Stock Futures Open Lower Ahead of Economic Data... Read More
India's November trade deficit narrows to $16.67 billion... Read More
Global Markets: Weak economic data send world stocks tumbling... Read More
Gold wilts on dollar strength; set for weekly decline... 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 rupee recover to $68 by year end?
- Yes
- No
- Can't Say
