Page 367 - Commodity News
Crude oil up 1.5% on Asian cues
Oil for delivery in far-month August gained Rs 49 or 1.44%
 "Crude oil up 1.5% on Asian cues")
Oil, metals to fall if Brexit occurs
UK falling into recession, sharp depreciation of pound are other risk factors
 "Oil, metals to fall if Brexit occurs")
Onion acreage may shrink 5% on delayed rain
Farmers stay away from seed purchase, await actual rainfall before investing in onion seeds
 "Onion acreage may shrink 5% on delayed rain")
Tight movements in steel price in thin trade
Reasons include absence of worthwile activity from construction units amid tight fund positions
 "Tight movements in steel price in thin trade")
Gold slips as expectations grow Britain will remain in EU
According to an analyst, pressure on gold will continue unless the UK vote tightens
 "Gold slips as expectations grow Britain will remain in EU")
Cardamom up 0.6% on strong demand
Spice for delivery in July traded higher by Rs 4.10 or 0.46% to Rs 896 per kg in 38 lots
 "Cardamom up 0.6% on strong demand")
Refined soya oil down 0.2% on weak spot demand
Oil for delivery in August weakened by 45 paise or 0.07%
 "Refined soya oil down 0.2% on weak spot demand")
Silver futures fall by 0.2% on weak overseas cues
Speculators trimmed their exposure amid a weak trend in global markets
 "Silver futures fall by 0.2% on weak overseas cues")
Wheat up 0.4% as participants widen position
Commodity for delivery in July contracts traded higher by Rs 6, or 0.34%
 "Wheat up 0.4% as participants widen position")
NCDEX volumes slide as Sebi puts a stop to new contracts
Daily volumes fell 38% from a year ago to Rs 3,243 cr in December 2015, ahead castor seed suspension; with chana taken off last week, they've fallen further
 "NCDEX volumes slide as Sebi puts a stop to new contracts")
Odisha's kalinganagar plant enriches Tata Steel's flat products profile
Rehabilitation and resettlement (R&R) of the affected families at Kalinganagar continues to test the group's patience
Oil price increases above $50 per barrel
August Brent crude futures were up 85 cents at $50.02 a barrel by 10:55 GMT, set for a gain of six per cent in two trading days
 "Oil price increases above $50 per barrel")
Gold returns to haunt equity managers
Standard gold price in Mumbai market is up 11.7% at Rs 29,910, against Rs 26,780 a year ago
 "Gold returns to haunt equity managers")
Gold prices hit a soft patch on global headwinds, muted demand
Metal sheds Rs 150 to Rs 29,650 per 10 grams in NCR on Monday; Silver loses Rs 160 to Rs 41,200 per kg
 "Gold prices hit a soft patch on global headwinds, muted demand")
European investors buy heavily into gold ahead of Brexit poll
SPDR, the largest exchange-traded fund for gold, has seen its holdings rise 40% since January, and 9.4% since April
Gold rises on weaker dollar, set for 3rd straight weekly gain
According to an analyst, gold will push higher until the uncertainty over Brexit lifts
Gold slips to Rs 29,650, silver dives by Rs 950/kg
Sentiment dampens amid weak trend overseas where gold retreated from almost two-year highs over Brexit concerns
 "Gold slips to Rs 29,650, silver dives by Rs 950/kg")
Oil extends rebound on weak dollar, easing Brexit fears
The US dollar fell for the fourth day in a row today, trading lower against most major currencies
 "Oil extends rebound on weak dollar, easing Brexit fears")
Gold falls more than 1 per cent as Brexit campaign seen losing steam
A vote by Britain to leave the 28-member EU could boost the safe haven appeal of bullion
Lead up 0.8% on global cues, spot demand
Metal for delivery in July edged up by 85 paise or 0.85%
 "Lead up 0.8% on global cues, spot demand")