Page 28 - Commodities Research News Today

Gold Rates Today: Domestic spot gold closed at Rs 49,296 per 10 grams Gold Price in India: Domestic gold futures registered a volatile trading session on Tuesday, December 15, as the yellow metal soared amid a strong global trend. Multi Commodity Exchange (MCX) gold futures, due for a February 5 delivery, were last seen trading higher by 0.93 per cent - at Rs 49, 396, having swung between Rs 49,035 and Rs 49,589 during the session compared to their previous close of Rs 48,939. Silver fut...

Crude can hit $50; pullback a buying opportunity: Navneet Damani Crude oil has been on a roll as prices rose to a nine-month high, rising for the fifth straight week with support from an OPEC+ deal and hopes of another US stimulus. Investors piled into oil after OPEC+ managed a production hike without disturbing the bull sentiment. The oil market seems to be taking heart from OPEC’s discipline with production in times like this—agreeing to a 1.5 million barrels per day (mbpd) hike instead o...

Head of Currencies, Commodities and Emerging Markets Research, J.P. Morgan Luis Oganes is the head of currencies, commodities, and emerging markets research at J.P. Morgan, where he joined in 1997 in New York. He manages the teams of researchers that analyze fundamental and technical drivers for global currencies and commodities, as well as the economists and strategists that analyze macro dynamics of emerging market economies to identify investment opportunities in fixed income and currency ma...

The fact that Asian countries are recovering from coronavirus has been one bright spot. The trend is likely to continue and be the biggest single driver for demand, at least in the short term.