Friday, 22 April 2016

Best Commodity Tips and News Provided by Marketmagnify

Gold inched down as the ECB held interest rates steady at a highly-anticipated meeting, while hinting that rates could be cut again in the short-term future.

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Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains.

Crude oil prices fell as Russia and major producers in the Organization of the Petroleum Exporting Countries indicated they will raise output.

Copper gained boosted by rising expectations of improving demand growth from China after a string of stronger economic data from the top consumer.

Zinc prices ended with losses due to profit booking amid a strengthening dollar Pulses.

Nickel prices dropped tracking LME prices due to profit booking after gaining earlier due to improving technical Spices outlook.

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