Sunday 30 November 2014

Commodity Market News-01 Dec 2014

Equity Tips, Stock Tips, Share Tips, Nifty Tips, Nifty Futures Tips

Gold:- fell 2.13% to trade at $1150 a oz in Singapore after closing at $1175 an oz on Friday.

Silver:- prices also followed gold and fell by 4.24% to trade at $10.91 an oz in early Monday trade.

Base metals:- prices declined around one per cent on Friday after the decision of the Organization of the Petroleum Exporting Countries (Opec) to not cut crude oil output to arrest a price fall.

Oil:- prices fell further in Asia today to new multi-year lows, continuing a steep selloff sparked by OPEC's decision to maintain crude output in an oversupplied market.

Natural gas:- which has gained significant speculative attention six months ago on the Multi Commodities Exchange (MCX), has now lost the luster with sharp fall in prices.

Copper:- prices fell by 0.75% to Rs 400.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.

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