Page 429 - Commodity News

Don't rush to buy gold just yet

While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future

Oil up for first time in eight sessions on US draw, China trade data

US West Texas Intermediate crude was up 98 cents at $31.42 a barrel, recovering from Tuesday's dip below $30

Oil rises for first time in 8 sessions on China, U.S. stocks draw

Brent crude was up 63 cents and U.S. West Texas Intermediate crude (WTI) was up 69 cents

Gold declines by 0.5% in futures trade on global cues

Slackened demand from jewellers also affected prices

Nickel up over 1% on global cues

Pick up in demand from consuming industries also influenced prices

Zinc rises by 0.6% on global cues

Speculators created positions amid a rising trend in base metals overseas and better domestic demand

Oil prices rebound after falling below $30

However, analysts have warned of further pressure on the commodity

Tumbling oil trades below $30 a barrel for first time in 12 years

The fall extended a selloff that has sliced almost 20% off prices this year amid concerns about Chinese demand and the absence of output restraint

Steel imports fall for second month in Dec

Paper producers raise prices ahead of peak season

Crude oil slips towards $30, traders bet on more declines

Analysts scramble to cut oil price forecasts

Yuan depreciation to hurt spinning industry

If yuan depreciation continues, it would threaten Indian apparel exporters, as both India and China have access to common markets - the US and Europe, say experts

Investors on gold ETF buying spree amid global stock rout

Assets rebounded from the lowest in almost seven years on January 6

Raw jute purchase by JCI to fuel price hike

Prices have already touched an unprecedented high of Rs 54,000 a tonne, twice the level of Rs 27000 a year ago

Oil prices tumble 3% to just over $30; traders bet on more falls

Traders and analysts said ballooning oversupply and China's slowing economy were the main reasons for the oil price rout

Lead gains by 0.6% on spot demand

However, the metal's weakness overseas restricted the gains

Cardamom up by 0.6% on rising spot demand

Speculators enlarged their positions supported by good buying in the spot markets

Silver futures fall by 0.2% on global cues

Speculators trimmed their exposure, tracking a weak trend overseas

Mentha oil falls by 0.8% on subdued demand

Besides, adequate stocks position on increased supplies from producing belts also put pressure on prices

Zinc up by 0.6% on spot demand

However, slide in base metals pack at the London Metal Exchange (LME), limited gains