IIFL Wealth Management Ltd
Published on 17/10/2017 12:33:29 PM

Copper  : Copper prices have skyrocketed above US$7,000 Mark, Prompted By Growing Optimism on Chinese Economy. in This regard, PBOC governor stated that the economy could grow 7% during second half of this year, challenging the consensus of a broad-based slowdown. the governor is garnering courage from resilient household cconsumption.

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IIFL Wealth Management Ltd
Published on 17/10/2017 12:32:59 PM

Gold : Gold Prices Surrendered most of the gains with values retreating toward US$1,290/oz mark. strenth in US Dollar and expectations of a hawkish new fed chair is weighing on the precious pack. it is widely reported that US president trump is interested in replacing janet yellen with stanford economist john Taylor, who is deemed to be a bit aggressive on policy normalisation, meanwhile, gold failed to derive any cues from north korean situation, where pyongyang is showing no interest in talks with washington and in fact threatening to strike US East Coast Once Its Missle Is Technically ready.

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IIFL Wealth Management Ltd
Published on 17/10/2017 12:12:46 PM

Oil : Oil futures firm, underpinned by developmants in Iraq's Kurdistan region. Iraqi forces have ventured into the oil city of Kirkuk,however, the invasion has not seen much protests from Kurdish leaders.Meanwhile, Kurdish President and top Kurdish officials have rejected Iraqi government's demand for repealing the outcome of the recent referendum as a premise for negotiations. It remains to be seen hoe the situation pans out for energy markets given that the region accounts for some 600,000bpd of oil.

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IIFL Wealth Management Ltd
Published on 16/10/2017 12:10:26 PM

Gold : Gold Prices reclaimed US$1300/oz Mark Amid Reports That US PresidentTrump May Conditionally review The Iranian Nuclear Deal. this Has Stoked Geopolitical Concerns, With A fierce Response expected From Iran. However Several Officials From Trump Administration Have Stated That US Wants To Remain Part Of The Nuclear Accord With Iran, notwithstanding trump`s threat to pull out or decertify.

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IIFL Wealth Management Ltd
Published on 16/10/2017 11:15:45 AM

Oil  : Oil future strengthened, helped by prevalent strife in the Iraqi Kurdish region, coupled with strong Chinese oil imports.China imported 9mbpd of oil in September, well above the recent four-month average.

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IIFL Wealth Management Ltd
Published on 13/10/2017 12:13:56 PM

Base Metals :  In The Base Metals Pack, LME`s Commitment Of Traders Report Reveals That Funds Are Continuing To Ramp Up Their Speculative Long Positions Across The Board. meanWhile Chinese Ferrous Markets Are Also Deriving Strength From The Buoyancy in The Non-Ferrous Space.

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IIFL Wealth Management Ltd
Published on 13/10/2017 12:12:55 PM

Gold : Gold Prices Hovered Around two Week High Helped By relative Softness In US Dollar. The Fact That That various Fed Are Concerned About Subdued Inflation Trajectory Is Exihibiting Dovish Signals. Neverrtheless Credit Markets Are Still Factoring In A Strong Possibility Of rate Move In December. Markets Will Also  Keen On US CPI Inflation Reading For September, With Expectations Calling For 2.35 Rise, When Compared With 1.9% During The Prior Month.

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IIFL Wealth Management Ltd
Published on 12/10/2017 12:03:13 PM

Non-ferrous metal : In non-ferrous News, ILZSG Reported That Gloabl zinc Markets Witnessed A Deficit Of 287,000 tons during first eight months of this year when compared with a shortfall of 221,000 tons in the same period last year gloabl lead markets registered a dificit of 119,000 tons in the same period this year. meanwhile china metals research agency antaike reports that chinese zinc production during the first nine months of this year is down by 2.5% On yoy basis.

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IIFL Wealth Management Ltd
Published on 12/10/2017 12:01:25 PM

Gold : Gold Prices Derived Some Strenth From Minutes Of US FOMC september Policy Meeting Where Various Fed Officials Expressed Concern Over Sluggish Inflation. However, Such Discussions Has Not Dented The Expectations Of rare hike. Interest Rate Futures (CME) Still Convey 88% Probability Of A Rate Move In December.

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IIFL Wealth Management Ltd
Published on 12/10/2017 11:23:55 AM

Oil  : Oil futures moved hogher as OPEC alludes to improvement in demand and mitigating supply glut. Higher global economic growth forecasts is also underpinning the energy complex. Meanwhile, there are renewed supply concerns as US President Trump may not ratify the Iran nuclear accord, which was signed by his predecessor Barack Obama. Trump administration terms the deal with Teheran as uncongenial to US interests. A decertification of the deal will put the ball in the court of congressional leaders who have to decide within next two months whether to re-impose sanctions on Iran, including the country's oil exports.

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