TODAY COMMODITY MARKET STRATEGY OUTLOOK 10 JULY 2017 | CAPITAL WAYS FINANCIAL SERVICES.



Opens on negative Note Gold - 27730-27725 Silver - 36180-36220

Energy - Opens on positive Note Crude Oil - 2875-2880 Natural Gas -186.80-187.10

Base Metals - Opens on mixed Note Copper -382.70-383 Nickel -582-581 Lead -147.80-148 Zinc - 179.80-180.10 Aluminium -124.30-124.35.



COMMODITY FUNDAMENTAL NEWS

Precious metals prices fell to the lowest in nearly four months on Friday after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose. 

SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 835.35 down 5.32 tonnes, from previous business day.

Industrial metals are trading mix on International bourses today. We expect prices to trade range bound for the day, after a solid U.S. jobs report buoyed hopes that an economic recovery is taking root in the world's top economy, which spurred appetite for risk assets

0 comments:

Subscribe to: Post Comments (Atom)