Wednesday, 13 July 2016

Today Commodity Market News ; Gold, Silver, CrudeOil Mcx Updates

Both US ‪Corn‬ September and US ‪Soybeans‬ August series have gained over 0.5 percent each at $ 354.75 and $ 1,107.88, respectively. Gold has been the biggest outperformer among all asset classes this year, up 26 per cent, yet in each of the six months this year, gold funds in India have seen outflows. Get ‪‎Gold‬ Price Forecast, Analysis & Prediction for more Daily Live ‪Commodity‬ Market, Gold/Silver Mcx, Crude News Updates Just Visit Us at www.marketmagnify.com/freetrial.php or Get Free Trials Just Give Missed Call @78-79-88-11-22.

"Gold funds (including ETFs) have delivered around 15 per cent return till June end 2016. Gold ETFs have been witnessing outflows every month since June 2013, totalling Rs 4,789 crore. In 2016 so far, the outflow stands at Rs 476 crore,"

Crude futures fell on Wednesday as investors locked in gains after oil prices surged nearly 5 percent in the previous session, partly on forecasts from the U.S. government and OPEC that demand would increase next year. Oil prices were also under pressure from industry data that showed a surprise build in U.S. crude stocks, price gains in other commodities including gold and a stronger U.S. dollar which gained against a basket of currencies,

BULLION
Gold August and Silver September futures are up 0.2-0.3 percent each at $ 1,338 and $ 20.373, respectively.
Platinum October contract has declined 0.5 percent at $ 1,092.55.

ENERGY
Brent Oil September expiry has dropped a percent at $ 47.98 per barrel.
Crude Oil August delivery has shed almost a percent at $ 46.38 a barrel.
Natural Gas August future is quoted at $ 2.731 - down 0.2 percent.

BASE METAL
Copper September contract is trading on a strong note at 2.257 - up 2 percent.

FOOD & EDIBLES
Both US Corn September and US Soybeans August series have gained over 0.5 percent each at $ 354.75 and $ 1,107.88, respectively.

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