Oil prices edge up on firm Asian, U.S. demand
Published on Monday, May 25, 2015 10:07 AM
By Henning Gloystein ...
SINGAPORE - Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season.
Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. U.S. crude prices were up 14 cents at $59.86 a barrel.
"Global oil demand continues to surpr
Gold struggles near $1,200 on Yellen comments, robust dollar
Published on Monday, May 25, 2015 10:08 AM
By A. Ananthalakshmi ...
SINGAPORE - Gold was trading close to its lowest level in over a week on Monday after Federal Reserve Chair Janet Yellen indicated the U.S. central bank was likely to raise interest rates this year and as the dollar strengthened to its highest in a month.
Spot gold had slipped 0.1 percent to $1,204.55 an ounce by 0335 GM
Fall-off in Indian weddings bodes ill for jewellers, gold
Published on Monday, May 25, 2015 10:06 AM
By Rajendra Jadhav ...
MUMBAI - Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.
Gold is an essential part of the bride's d
Gold set for biggest weekly drop in four despite dollar stall
Published on Saturday, May 23, 2015 10:25 AM
By Clara Denina ...
LONDON - Gold rose on Friday as the dollar's rally stalled ahead of U.S. inflation data, but the precious metal was still on course for its biggest weekly decline in four weeks.
Spot gold rose 0.5 percent to $1,211.98 an ounce by 1001 GMT. It was down 0.8 percent for the week, however, heading for its biggest
Oil down 2 percent ahead of long U.S. Memorial Day weekend
Published on Saturday, May 23, 2015 10:23 AM
By Barani Krishnan ...
NEW YORK - Oil fell about 2 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices.
Heating oil , a proxy play for diesel, also fell almost lost 2 percent while gasoline lost more than 1 percent on concerns of outsized U.S. supply
LME Inventories Data: May 22, 2015
Published on Friday, May 22, 2015 6:13 PM
Copper stocks --1400 MT to 330825, Aluminum Stocks -6050 MT to 3769250 MT, Nickel Stocks +8922 MT to 455790 MT, Zinc Stocks -1975 MT to 455790 MT, Lead Stocks -25 MT to 161475 MT.
Pickup in physical demand, China data lifts Zinc
Published on Friday, May 22, 2015 4:45 PM
Zinc futures were trading higher in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, a leading index for China signaled a pickup in growth in the world’s second biggest economy, lifting the demand outlook for zinc.
The China leading index c ...
Castorseed gains on industrial demand
Published on Friday, May 22, 2015 4:40 PM
Castorseed prices rose by 0.43 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings.
At the NCDEX, castor seed futures for June 2015 contract were trading at Rs. 3,926 per qui ...
Coriander surges on diminishing stocks
Published on Friday, May 22, 2015 4:37 PM
Coriander prices rose by 2.07 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for June 2015 contract was trading at Rs. 12,175 per quintal, up by 2.07 per cent after opening at Rs. 11,928 against the previous closing price o ...