Mcx Commodity Market New : 08.09.2016
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Gold prices dropped losing momentum due to profit-taking after gaining on economic data that weakened the case for an imminent U.S. rate hike.
Silver dropped on profit booking as investors pared expectations for how aggressively the Federal Reserve would move to increase interest rates.
Crude oil prices gained as Iran signaled it was prepared to work with Saudi Arabia and Russia to prop up oil prices.
Natural gas declined as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.
Ref soyoil prices dropped on profit booking taking clues from spot demand and international markets. Cereals
Mentha oil prices gained amid increase in physical demand from major consuming industries in the domestic spot Oil and Oilseeds & Others market.
Soyabean prices dropped on hope of higher yeild in global market and on weak soymeal demand in domestic market.
Energy Copper gained as disappointing U.S. economic data pushed the dollar lower, spurring demand for commodities.
Zinc prices continued its firm trend on expectations of a supply shortage after mine closures from Australia to Ireland.
Nickel gains after a string of softening economic reports pushed back U.S. rate hike expectations and undermined Spices the dollar.
Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses
Turmeric prices dropped on account of fall in physical demand at the spot market. Currency
Jeera prices ended with losses due to subdued demand at the spot market.
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Gold prices dropped losing momentum due to profit-taking after gaining on economic data that weakened the case for an imminent U.S. rate hike.
Silver dropped on profit booking as investors pared expectations for how aggressively the Federal Reserve would move to increase interest rates.
Crude oil prices gained as Iran signaled it was prepared to work with Saudi Arabia and Russia to prop up oil prices.
Natural gas declined as market players looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel.
Ref soyoil prices dropped on profit booking taking clues from spot demand and international markets. Cereals
Mentha oil prices gained amid increase in physical demand from major consuming industries in the domestic spot Oil and Oilseeds & Others market.
Soyabean prices dropped on hope of higher yeild in global market and on weak soymeal demand in domestic market.
Energy Copper gained as disappointing U.S. economic data pushed the dollar lower, spurring demand for commodities.
Zinc prices continued its firm trend on expectations of a supply shortage after mine closures from Australia to Ireland.
Nickel gains after a string of softening economic reports pushed back U.S. rate hike expectations and undermined Spices the dollar.
Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses
Turmeric prices dropped on account of fall in physical demand at the spot market. Currency
Jeera prices ended with losses due to subdued demand at the spot market.
