Thursday 26 February 2015

Commodity Market News-26 Feb 2015

Free Commodity Tips

Gold settled up 0.25% at 26123 snapped a three-day loss to end higher Wednesday, on the back of Federal Reserve Chief Janet Yellen's statement before the Congress on interest rate hikes which analysts see as not too damaging for the precious metal.

Silver prices rose by Rs 195 to Rs 36,650 per kg in futures trading today as speculators enlarged positions amid a firming trend in precious metals overseas.

Zinc futures rose by 0.59% to Rs 127.60 per kg today as speculators enlarged positions amid a firm global trend and better domestic demand.

Brent Crude Oil rose to around $59 a barrel on Wednesday after data showed Chinese factories were producing more than expected and Saudi Arabia's oil minister said oil demand was growing.

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