Page 2349 - Commodity News
Gold holds above $1,580 on EU summit uncertainty
Cyprus turned to Brussels for emergency funding on Monday
Copper up marginally on global cues
Globally, three-month copper advanced by 0.8% to $7,392.50 a tonne on London Metal Exchange
Nickel gains 0.33% as demand picks up
Higher offtake from alloy makers adds to positive sentiment
Lead up 0.39% on spot demand, global cues
Fresh positions by speculators driven by a firm spot demand, firm trend on LME influenced futures prices
Zinc up 0.3% on strong demand
Analysts said firming trend in base metals on LME, pick-up in spot markets pushed up futures prices
Crude oil marginally up on overseas cues
July, August contracts gain about 0.7% on firmer trend in Asia after a tropical storm spared production facilities in the Gulf of Mexico
Mustardseed up 1.6% on increase buying
Restricted supply, pick up in demand at physical markets drive futures prices
Mentha oil extends losses, down 2% on profit-booking
Fresh arrivals from major producing regions keep futures prices in negative zone
Silver futures down on global cues, sluggish spot demand
July, September contracts shed 0.2%
Cardamom extends gains, up 1.2% on spot demand
Lower supplies from producing regions, export demand also influence futures prices
Gold futures marginally up on short-covering
August, October contracts both gain 0.18% as speculators cover up positions, but weak trends overseas cap gains
Palm oil weakens on profit-booking
June, July contracts shed 0.08% and 0.19% as speculators exit at higher levels
Gold traders hesitant to buy, scrap flow slows
Gold has gained more than 5% since March mainly helped by record depreciation in rupee
Chana remains firm on higher demand
July and August contracts gain 0.4% each on fresh positions by speculators, lower arrivals
Potato weakens 2% on subdued demand
Persistent arrivals from producing regions amid lower demand leads to fall in prices
Almond falls on profit-booking
June contract sheds 0.3% as speculators exit at higher levels
11 reasons why gold prices can rise
Nomura believes the worst is behind us as far as gold prices are concerned
Castor prices halve in a year of record production
Industry expects production to rise 35-40% from the previous year