Page 198 - Commodity News

Cotton, yarn prices fall as coronavirus brings exports to China to a halt

Indian exporters aren't pursuing the Chinese market either, as travel to that country to address quality or quantity issues post shipment will be difficult

Gold prices little changed as strong equities counter coronavirus fears

There are signs the epidemic has begun to weigh on business sentiment in the United States

Bullion, base metals, crude oil jump on US Fed's surprise interest rate cut

Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk

Gold extends gains as coronavirus prompts Fed to trim rates by 50 bps

The Fed trimmed interest rates by 50 basis points on Tuesday in an emergency move to safeguard the world's largest economy from the impact of the epidemic

Gold prices surge 2% in domestic markets to new high on global cues

Standard gold in Mumbai's Zaveri bazaar rose to Rs 42,400 per 10gm in spot trade

Coronavirus scare: Sharp jump in gold price; silver nearly 50,000/kg

Funds rush to hedge in safe haven

Is it a good time to buy gold as a safe-haven bet amid coronavirus fears?

Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.

Gold gains as coronavirus raises policy-easing chances for central banks

Lower interest rates reduce the opportunity cost of holding non-yielding bullion and also weigh on US yields and the dollar

India's diamond exports may fall 20% as China battles Coronavirus

China purchases nearly 40 per cent of India's cut and polished diamonds directly and indirectly through Hong Kong.

Rebound short-lived? Recovery in commodity prices likely to be a blip

Experts see the real recovery may prove evasive if virus continues to spread

Commodity Picks: 02 March, 2020

Mustard seed prices in Jaipur market are expected to correct from Rs 4,250 per quintal to Rs 4,175-Rs 4,200 per quintal

India's crude steel production drops 3.2% to 9.28 MT in Jan: Report

The country had produced 9.591 MT of crude steel during the corresponding month last year

Gold, silver may continue to slide in short term, 2-3% decline likely

Gold extended its downturn in the physical markets in Mumbai on Saturday

Coronavirus epidemic: Groundnut exports to China come to standstill

Traders attribute the price upsurge to unavailability of stock with farmers and stockists

Coronavirus in Iran takes a toll on basmati exports, domestic prices fall

The negative market dynamics are resulting in a downward basmati price trend on the bourses

Zinc, aluminium at multi-year lows as coronavirus devastates commodities

Decline in silver over 3%, gold holds fort with a marginal loss

Commodity view by Bhavik Patel of Tradebulls Securities: Buy Gold, Copper

Gold is positive but overbought in short term, so, do not to take a fresh long position from here but let it come around to Rs 42,550 for fresh long positions

Coronavirus outbreak: Goldman Sachs Group sees gold hitting $1,800

The bank raised its 12-month projection by $200, and said "in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis."

Coronavirus rumours lead to 50% drop in chicken sales, 70% fall in prices

Yadav also mentioned that the government has issued advisories that coronavirus does not spread from chicken and asked state governments to take action against rumour mongers

Onion jumps 30% to hit a two-week high as export curbs are lifted

Exporters resume business immediately after Paswan's Wednesday tweet announcing the decision