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Gold down, silver hits four-year low on strong dollar, equities
Published on Saturday, September 20, 2014 10:25 AM

By Frank Tang and Clara Denina

NEW YORK/LONDON  - Gold fell on Friday to its lowest price since January, and silver slumped to a four-year low as the dollar soared to its highest against the euro in four years on bets that U.S. interest rates will rise sooner than expected.

The dollar rose against a basket of currencies, on track for it ...

Gold down, silver hits four-year low on strong dollar, equities
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Lead rises by 0.16% on declining stockpiles.
Published on Friday, September 19, 2014 4:40 PM

Lead prices rose by 0.16 per cent on Friday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 200 metric tonnes to 225275 metric tonnes as on September 19, 2014. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 126 per kg, up by 0.16 per cen ...

Lead rises    by 0.16% on declining stockpiles.
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High demand prospects lift Copper futures
Published on Friday, September 19, 2014 4:36 PM

Copper prices rose by 0.18 per cent on Friday at the domestic markets due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 400 metric tonnes to 154375 metric tonnes as on September 19, 2014. At the MCX, copper futures for November 2014 contract were trading at Rs.421.30 per 1 kg, up by 0.18 ...

High demand prospects lift Copper futures
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Zinc rises by 0.32% on upbeat US data
Published on Friday, September 19, 2014 4:33 PM

Zinc prices rose by 0.32 per cent on Friday at the domestic markets after the number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July, fuelling optimism over the strength of the labor market which raised the demand outlook for the metal. U.S. Department of Labor said the number of individuals filing for initial jobless benefits in ...

Zinc rises by 0.32% on upbeat US data
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Lower arrivals, high demand lifts Mentha oil futures
Published on Friday, September 19, 2014 3:26 PM

Mentha oil prices rose by 0.65 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for September 2014 contract, at MCX, were trading at Rs. 677.40 per kg, up by 0.65 per cent after opening at Rs. 676 against the previous closing price of Rs. 673. It touched the ...

Lower arrivals, high demand lifts Mentha oil futures
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Castorseed falls on downbeat demand
Published on Friday, September 19, 2014 12:51 PM

Castorseed prices fell by 1.07 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for September 2014 contract was trading at Rs. 4,240 per quintal tonnes, down by 1.07 per cent, after opening at Rs. 4,242 against the ...

Castorseed falls on downbeat demand
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Yellow metal loses sheen on stronger dollar
Published on Friday, September 19, 2014 11:55 AM

Gold futures fell in the domestic market on Friday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market as the prospect of a steeper hike in US borrowing costs next year dampened the appeal of the bullion as a store of value. A stronger dollar curbed the demand for the bullion as an alternative asset. Stronger dollar makes the preci ...

Yellow metal loses sheen on stronger dollar
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Copper rebounds on US jobless claims data
Published on Friday, September 19, 2014 11:53 AM

Copper futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as a dip in the number of Americans filing for jobless claims signaled a pickup in the US labour market recovery, lifting the demand outlook for industrial metals. US jobless claims fell by 36,000 to 280,000 last week.

At the MCX, copper futures for Nove ...

Copper rebounds on US jobless claims data
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Oil continues downward journey
Published on Friday, September 19, 2014 11:53 AM

Crude oil futures fell in the domestic market on Friday as investors and speculators remained bearish over the demand prospects of the energy commodity amid the prospect of a steeper hike in US borrowing costs next year coupled with a deepening slowdown in China and uncertainty in the European economy. The US Federal Reserve this week raised the estimate for interest rates by the end of 2015 ...

Oil continues downward journey
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