Increase in demand lifts Mentha Oil future
Published on Monday, September 1, 2014 12:34 PM
Mentha oil prices rose by 0.38 per cent on Monday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
At MCX, Mentha oil fut ...
Slowing China factory expansion dampens copper futures
Published on Monday, September 1, 2014 12:28 PM
Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal amid speculation that a deepening slowdown in the world’s second biggest economy may crimp the demand for copper, given that China is the world’s biggest metals consumer.
Manufacturing activity in China expanded at a weaker pace in August as the of ...
Zinc futures tad lower on weak physical demand; China data
Published on Monday, September 1, 2014 12:27 PM
Zinc futures were trading with slim losses in the domestic market on Monday as investors and speculators stayed cautious over booking fresh positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further, a slowdown in Chinese manufacturing last month signaled bleak demand prospects for the industrial metal.
The official China factory gaug ...
Gold futures lose sheen amid improving US economic outlook
Published on Monday, September 1, 2014 12:12 PM
Gold futures continued the downward journey in the domestic market on Monday as investors and speculators exited positions in the precious metal as a pickup in the world’s biggest economy raised speculation of a quicker than expected rise in US interest rates, dimming the appeal of the bullion as a store of value.
The US economy expanded at an annualized pace of 4.2 per cent ...
Crude oil futures dip amid weak China outlook
Published on Monday, September 1, 2014 11:30 AM
Crude oil futures fell in the domestic market on Monday as investors and speculators exited positions in the energy commodity amid weak cues from the overseas market after manufacturing in China expanded at a slower clip in August, dimming the demand outlook for the fuel.
The official China factory gauge fell to 51.1 last month from 51.7 in July, with a reading above 50 signaling ...
Palladium rises to fresh 13-1/2 year high; gold eases
Published on Saturday, August 30, 2014 10:31 AM
By Frank Tang and Jan Harvey ...
NEW YORK/LONDON - Palladium rose to a fresh 13-1/2-year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.
Tensions rose after Ukraine called for full membership in NATO, its stron
Gold steadies as stocks turn lower, heads for monthly gain
Published on Saturday, August 30, 2014 10:21 AM
By Jan Harvey ...
LONDON - Gold prices steadied on Friday, paring earlier losses as stock markets slipped lower on both sides of the Atlantic, and remained on track to end the month with a small gain.
Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country. Ho
Gold steady, heads for monthly gain on Ukraine tension
Published on Friday, August 29, 2014 2:42 PM
By Lewa Pardomuan ...
SINGAPORE - Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal.
And while purchases from jewellery makers have helped gold bounce from a two-month low hit last week, the bullion still lacked strength
Monsoon forecast to be better for crops next week
Published on Friday, August 29, 2014 11:12 AM
By Ratnajyoti Dutta ...
NEW DELHI - India's monsoon is expected to provide more rain next week that will aid growth of crops sown in northwest and central areas, weather officials said on Thursday.
Once crops such as rice, corn, sugarcane, soybean and cotton are planted, they need rain at regular intervals for growth.