How To Trade In Bullion Market? Read This Gold News And Join And Secure Your Investment with https://www.mcxexperttrade.com

TELEGRAM:-
https://t.me/Freemcxtrades

WHATSAAP CHAT:-
Join For More Beneficial Tips.
https://wa.me/919759307747

COMPANY WEBSITE
https://www.mcxexperttrade.com

How To Trade In Bullion Market? Read This Gold News And Join And Secure Your Investment with https://www.mcxexperttrade.com

Gold prices eased further on Wednesday amid a rise in the dollar while investors also awaited the US inflation data.

The dollar hovered near recent 20-year highs, making greenback-priced bullion less attractive for other currency holders. Market participants will be keeping a close eye on US consumer price index (CPI) data for April due later in the day.

Gold futures on MCX NSE -3.03 % were trading lower by 0.45 per cent or Rs 226 down at Rs 50,360 per 10 grams. However, silver futures dropped about 0.53 per cent or Rs 319 to Rs 60,299 per kg.

US inflation data due today will be watched to gauge its likely impact on the Fed’s rate hike plan, said Ravi Singh, Vice President and Head of Research, ShareIndia.

“The strength in the dollar is also putting pressure on gold prices and the Fed’s aim of bringing inflation down without derailing the economy is challenging amid this uncertainty caused by the Russia and Ukraine war,” he added.

Gold is seen as a hedge against inflation and a safe store of value during times of political and economic crises but is highly sensitive to rising short-term US interest rates, which raise the opportunity cost of holding zero-yield bullion.

Click Here:-
https://t.me/Freemcxtrades
Join For More Beneficial Tips
https://wa.me/919759307747
https://www.mcxexperttrade.com

10/MAY/2022 CRUDE OIL BREAKING NEWS UPDATED BY PEARLCOMMODITY WE ARE BACK WITH FREE TRIAL GET FREE TRIAL EANR MONEY AND MAKE A KING OF COMMODITY WITH WWW.PEARLCOMMODITY.COM

Earn Big in Sharing, Be Millionaire in Sharing:

Intraday high Pts TGT with 100% return Trade in 5 lots 70:30 ratio.

Register Now At Rs.10555/-
C/W : 9760916649, 9368933001

More FREE tips Join Channel
https://t.me/lossfreemcxtips
for more updates click & chat::
https://wa.me/917251867710
For Free Demo Call Visit Now
https://www.pearlcommodity.com/
https://chat.whatsapp.com/HP2cV4a2rEZ9ip3L8k76Tz
Be a part of Live Mcx/Comex/Forex tips
Join us on telegram/whtsp & earn daily.
https://t.me/lossfreemcxtips
Or
https://chat.whatsapp.com/BneQXq26VhuLqaES9GUBmI

How To Trade In Crude Oil Segment? Read This Crude Oil News And Join And Secure Your Investment with https://www.mcxexperttrade.com

Oil prices edged higher on Thursday, extending gains from the previous session, as a European Union proposal for new sanctions against Russia, including an embargo on crude in six months, offset concerns over Chinese demand.

Brent crude futures had climbed 35 cents, or 0.3%, to $110.49 a barrel by 0209 GMT, while U.S. West Texas Intermediate crude futures rose 25 cents, or 0.2%, to $108.06 a barrel.

Both benchmarks jumped more than $1 a barrel earlier in the volatile session  ..

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect, includes phasing out supplies of Russian crude in six months and refined products by the end of 2022.

It also proposes to ban in a month’s time all shipping, brokerage, insurance and financing services offered by EU companies for the transportation of Russian oil.

“That’s a likely game changer for oil and refined product markets,” CBA analyst Vivek Dhar said in a note, adding that sanctions on insurance, previously used by the United States and European countries, were effective in limiting Iran’s oil exports.

However, the EU faces the task of finding alternative supplies at a time when energy prices have surged. It imports some 3.5 million barrels of Russian oil and oil products daily and also depends on Moscow’s gas supplies.

A handful of eastern EU countries are concerned that the proposal gives them insufficient time to adapt.

“The most immediate questions are how many countries will receive exemptions, the scope of the additional sanctions measures to curtail Russian oil export

Click Here:-
https://t.me/Freemcxtrades
Join For More Beneficial Tips
https://wa.me/919759307747
https://www.mcxexperttrade.com

JAMES COMMODITY : Thursday Live Crude Oil News. Get Non Stop Targets in Crude C/W-9368536663

Oil prices extended gains on Thursday as a European Union proposal for new sanctions against Russia, including an embargo on crude in six months, offset concerns over Chinese demand.

Brent crude futures had climbed 60 cents, or 0.5%, to $110.74 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.4%, to $108.21 a barrel.

Both benchmarks jumped more than $1 a barrel earlier in the volatile session after gaining more than $5 a barrel on Wednesday.

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect, includes phasing out supplies of Russian crude in six months and refined products by the end of 2022.

It also proposes to ban in a month’s time all shipping, brokerage, insurance and financing services offered by EU companies for the transportation of Russian oil.

“That’s a likely game changer for oil and refined product markets,” CBA analyst Vivek Dhar said in a note, adding that sanctions on insurance, previously used by the United States and European countries, were effective in limiting Iran’s oil exports.

However, the EU faces the task of finding alternative supplies at a time when energy prices have surged. It imports some 3.5 million barrels of Russian oil and oil products daily and also depends on Moscow’s gas supplies.

A handful of eastern EU countries are concerned that the proposal gives them insufficient time to adapt.

“The most immediate questions are how many countries will receive exemptions, the scope of the additional sanctions measures to curtail Russian oil exports to other key markets, and President Putin’s response to the European action,” Helima Croft, RBC Capital Market’s head of global commodity strategy, said in a note.

“We think the price response to such measures will depend on how far they go in making Russia’s 4.8 million bpd (barrels per day) of global exports unavailable as opposed to unpopular.”

On Thursday, the Organization of the Petroleum Exporting Countries and allied producers, known as OPEC+, is expected to agree to raise production targets by 432,000 barrels per day (bpd) for June, four OPEC+ delegates told Reuters. OPEC+ would thereby stick to plans for a gradual ramp-up of monthly production.

OPEC Secretary General Mohammad Barkindo reiterated that it was not possible for other producers to replace Russian supply but expressed concerns about slowing demand for transportation fuels and petrochemicals in world’s top importer, China, because of COVID-19 lockdowns.

A private-sector survey on Thursday showed China’s services sector activity contracted at the second-steepest rate on record in April under the effect of pandemic measures.

In Iran, surging oil prices have given its energy-reliant economy a breather and hence its clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions, three officials familiar with Tehran’s thinking said.

In the United States, crude stocks were up 1.2 million barrels last week after more oil was released from strategic reserves, according to the Energy Information Administration.

Our Company Provide-
Crude Oil Sure Calls , Crude Oil Mcx Tips , Crude Oil 100% Accurate Tips
GET SURE TIP IN CRUDE OIL 9368536663
For More Info | Join Now
https://jamescommodity.com/
https://wa.me/919368536663
https://t.me/JAMESCOMMO

Get Money In Your Account In 1 Hours | Get Free Trial of Commodity Calls by Commodityraja.com

Gold rate today: Yellow metal nears two month lows; silver below Rs 65,000

Gold prices weakened further on Thursday to a two-month low, thanks to the rising dollar which hurt the bullion’s demand. An impending US interest rate hike also dampened the metal’s appeal as an inflation hedge.

The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see it to levels not visited since late-2002. A stronger dollar makes greenback-priced gold less attractive for other currency holders.

Gold futures on MCX dropped 0.39 per ce ..

“Investors are convinced about the long-term prospects of gold, fueling the physical demand for precious metals,” he added. “The demand for gold surged by 34 per cent YoY in the first quarter of the year, led by growing ETF demand.”

In the spot market, the highest purity gold was sold at Rs 51,749 per 10 grams while silver was priced at Rs 65,277 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

The spot prices of gold have dropped more than Rs 1,850 per 10 grams in the last 10 days, whereas silver has tumbled about Rs 5,000 per kg in the same period under review.

Ravi Singh, Vice President and Head of Research, ShareIndia said that gold demand has risen, driven by investors worried about Russia’s invasion of Ukraine and rising inflation. “However, the rising yields in US dollar and treasury bonds are limiting the gains. Gold may witness some recovery in prices this week,” he a ..

“We expect gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,870 and resistance at $1,900 per ounce. MCX Gold June support lies at Rs 50,800 and resistance at Rs 51,300 per 10 gram,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

Global markets
Spot gold was down 0.2 per cent at $1,882.49 per ounce, as of 0225 GMT, after hitting its lowest since February 24 earlier in the session. US gold futures slipped 0.4 per c ..

JAMES COMMODITY : Thursday Live Crude Oil News. Get Non Stop Targets in Crude C/W-9368536663

Oil falls as China fuel demand concerns linger

Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world’s biggest oil importer, due to COVID-19 restrictions.

Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT. U.S. West Texas Intermediate crude futures slipped $1.39, or 1.36%, to $100.63 a barrel.

Both contracts settled over 30 cents higher in the previous session due to ongoing concerns about tight worldwide supply, and another drawdown in U.S. distillate and gasoline stocks.

The U.S. Energy Information Administration said crude stocks rose by just 692,000 barrels last week, short of expectations, while distillate inventories, which include diesel and jet fuel, fell to their lowest since May 2008. [EIA/S]

China’s capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the city’s 22 million residents embarked on more COVID-19 mass testing aimed at averting a Shanghai-like lockdown.

“Lockdown in China remains top of mind and the main opposing driver (to upside to prices),” said Stephen Inns, managing partner at SPI Asset Management.

Asia’s biggest oil refiner, Sinopec (NYSE:SHI) Corp, expects China’s demand for refined oil products to recover in the second quarter as COVID-19 outbreaks in the country are gradually controlled.

Analysts also pointed out that a slowdown in global growth due to higher commodity prices and an escalation in the Russia-Ukraine conflict could further exacerbate worries on oil demand.

Investors are trying to balance supply and demand concerns over Russian oil and gas disruption, and a worsening global economic outlook, said Ajay Kedia, director at energy consultancy Kedia Advisory.

The global economy will expand more slowly than predicted three months ago, according to Reuters polls of over 500 economists.

Median forecasts for global growth collected in this month’s Reuters polls on over 45 economies were chopped to 3.5% this year and 3.4% for 2023 from 4.3% and 3.6% in a January poll.

That compares to an International Monetary Fund prediction of 3.6% growth in both years.

Meanwhile in Japan, another major crude oil buyer, the central bank on Thursday maintained its massive stimulus programme and a pledge to keep interest rates ultra-low, to support a fragile economy even as sharp rises in raw material costs push up inflation.

Our Company Provide-
Crude Oil Sure Calls , Crude Oil Mcx Tips , Crude Oil 100% Accurate Tips
GET SURE TIP IN CRUDE OIL 9368536663
For More Info | Join Now
https://jamescommodity.com/
https://wa.me/919368536663
https://t.me/JAMESCOMMO

MONDAY, LOW RISK & HIGH REWARDS WITH – jamescommodity.com C/W 9368536663

Our Company Provide-
Non Stop Targets, All Mcx 100% Accuracy, Mcx Tips , 100% Targeted Calls
GET YOUR INVESTMENT PROFITABLE WITH US 9368536663 :-
For More Info | Join Now
https://jamescommodity.com/
https://wa.me/919368536663
https://t.me/JAMESCOMMO

Lets Work With Us In Mcx Bullion Market? And Get The Break Of High Margin. First Earn Profit Then Join Our Service:-9557360008,9557360005

Join Whatsapp Group.. https://wa.me/919557360008 https://wa.me/919557360005 More Free Tips Join Telegram Channel https://t.me/LiveMcxforexcomexadvice https://t.me/Freemcxcallss For Free Demo Call Visit Now. https://www.mcxtradingworld.com Visit Our Facebook Page. https://www.facebook.com/profile.php?id=100057527021156

JAMES COMMODITY : Wednesday Live Gold News. Get Non Stop Targets in Gold C/W-9368536663

Our Company Provide-
Bullion Sure Calls , 100% Accuracy In gold , Gold Silver Tips
GET SURE TIP IN GOLD 9368536663
For More Info | Join Now
https://jamescommodity.com/
https://wa.me/919368536663
https://t.me/JAMESCOMMO