Gold Trading range for the day is 29435-29923. Gold settled with gain’s but confined to relatively narrow ranges, underlying caution ahead of key economic and political events. Investors are looking towards Trump’s policy speech where he is expected to provide clues on his plans to cut taxes. The latest COT data recorded an increase in non-commercial, long gold positions to 123,763 in the latest week.
Nickel Trading range for the day is 720.6-749.8. Nickel prices recovered from lows on mounting concerns about supplies after the suspension of mines in top ore producer the Philippines. The Philippines this week ordered the cancellation of 75 mineral production-sharing agreements as developing them would threaten water supply. Stocks of nickel in LME-approved warehouses stand at around 380,000 tonnes, while those in SHFE-warehouses total’s at 89,000 tonnes.
Zinc Trading range for the day is 192.8-200. Zinc dropped tracking weakness from LME zinc closed down 0.3 percent as stronger dollar weighed. The surge was mainly because Korea Zinc expected its sales to fall by 6.7% in 2017 in its financial report, which raised market expectation. Zhuzhou Smelter Group will remove its old factory in 2017, and output will not be affected over the year, as the plan is only at the initial stage.
Contact Us @ +918815278555
Read More@ https://www.capitalbuilder.in/free-trial/
Aluminium Trading range for the day is 124.2-126.4. Aluminium ended with gains after update China is considering forcing aluminium producers to cut more output. Any kind of extreme market fluctuation would be dependent on the Chinese government following through on the shutdown of aluminum-rich provinces China’s exports of unwrought aluminum were 390,000 mt in January, up 2.6% YoY.
Gold Trading range for the day is 28822-29380. Gold prices recovered from lows to end with gains as the U.S. dollar and Treasury yields came off their highs. U.S. economic data has also stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner rather than later. SPDR gold trust holdings gained by 0.50% i.e. 4.14 tonnes to 836.72 tonnes from 832.58 tonnes.
Silver Trading range for the day is 41432-43318. Silver prices gained as an improving China signals a better global economy and gives support to the more industrial metals. The preliminary report from US showed that the consumer sentiment index dropped to 95.7 in February from the final January reading of 98.5. U.S. import prices rose more than expected in January, while initial jobless claims dropped unexpectedly last week to the lowest in nearly 43 years.
Nickel trading range for the day is 674-709.2. Nickel dropped below 690 level as dollar gained as data showing rising U.S. wholesale inventories Russia’s Nickel exports slid, Nickel exports totaled 185,700 tonnes Negative news from the Philippines will kept affecting the market.
READ MORE@ https://www.capitalbuilder.in/
CONTACT US @+918815278555
BANK NIFTY FUTURE LEVELS
SUPP 1: 18220
SUPP 2: 17970
RES 1: 18780
RES 2: 19150
Read More: https://www.capitalbuilder.in/
Customer Care No: +918815278555
Email: INFO@CAPITALBUILDER.IN
#CommodityTipsProvider #CapitalBuilder #StockMarketTipsIndia #StockFutureTipsProvider #BestStockTipsProviderinIndore #BestStockMarketAdvisoryinIndore #BankNifty
GOLD $ 1169.15
SILVER $ 17.00
COPPER $ 392.50
CRUDE $ 50.92
INR 67.54
Read More: https://www.capitalbuilder.in/
Customer Care No: +918815278555
#CommodityTipsProvider #ForexCalls #McxTips #CapitalBuilder #StockMarketTipsIndia #StockFutureTipsProvider #NSETips #BestStockTipsProviderinIndore #BestStockMarketAdvisoryinIndore #InternationalMarketUpdate
GOLD $ 1180.25
SILVER $ 17.25
COPPER $ 395.70
CRUDE $ 49.89
INR 67.47
Read More: https://www.capitalbuilder.in/
Customer Care No: +918815278555
#CommodityTipsProvider #ForexCalls #McxTips #CapitalBuilder #StockMarketTipsIndia #StockFutureTipsProvider #NSETips #BestStockTipsProviderinIndore #BestStockMarketAdvisoryinIndore #InternationalMarketUpdate
Capital Builder Financial Service 