Wednesday 3 October 2012

Commodity News for 3rd October 2012.


Bullion: Gold futures on domestic exchanges fell to a one-month low as the strong rupee against the dollar and weak COMEX futures weighed on prices. On COMEX, the precious metal fell on profit booking, after touching a six-month high last week. The metal recovered some of its early losses as the dollar weakened against the euro. 
Energy: Crude oil futures were trading lower on the MCX tracking fall in benchmark contracts on the New York Mercantile Exchange and appreciation in rupee against the dollar. NYMEX crude oil futures traded weak on Eurozone debt concerns, which raised worry regarding oil demand from the region. 

Metals: Base metals were trading lower on the MCX tracking parent contracts on the London Metal Exchange, where prices eased due to concerns over demand from China and firm rupee against  the dollar. Sentiment in the global market remained weak today following release of discouraging manufacturing data from China. 

Commodity News
 309.30
Change
+0.00
Open
0.00
High
0.00
Low
0.00


 587.50
Change
+2.07
Open
587.09
High
587.75
Low
585.42




0 comments:

Post a Comment