WEEKLY BULLION REPORT-13 Apr To 18 Apr 2015

Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips
GOLD
Precious Gold added $13.80 on Friday to trade at 1207.40 to keep in the top of its range, gold at the end of the week gaining $16.60 to end at 1173.60. Gold futures snapped a three-day losing streak on Friday but the precious metal’s upside was capped by a stronger dollar and uncertainty over the timing of a Federal Reserve rate hike. Gold rose on Friday as chart levels were broken, but was still heading for its first weekly fall in four weeks, pressured  by a stronger dollar and renewed expectations for a US rate hike this year.    
SILVER
Silver added 262 points and moved to 16.438. But the longer-term outlook is still bearish, traders said, and prices had surrendered gains after Federal Reserve officials suggested a June rate hike could still be in play.  Investors tend to shun gold, which does not pay interest, when market expectations point to US interest rates rising.

COPPER
Chile is responsible for a third of the world’s mined output of copper with many of the largest mines located in the  Atacama desert. Before the unusual weather this week, a drought was reducing production as a result of water restrictions  imposed by the authorities. In April 2014 a major earthquake also temporarily halted output at a number of large mines. copper has been consolidating since hitting near six-year lows in January. China's economy probably cooled further to grow 7% in the first three months of the year, a Reuters poll showed, which would be the weakest pace in six years and raise pressure on policymakers to do more to bolster growth.

CRUDE OIL
Crude Oil ended the week near its highest weekly range but well off its high reached during the week as speculators  pushed prices over $53. Brent Oil reacted to the Iranian deal and news that Saudi Arabia production reached its highest level.  The oil price is set to increase this week even though the data on US crude inventories released on Wednesday again came out on the upside of expectations. Last week, crude oil inventories soared by nearly 11 million barrels  despite the fact that refinery capacity utilization increased vis-à-vis previous weeks.

NATURAL GAS
Natural Gas took a major tumble this week to trade at 2.5111 falling 17 points on Friday but declining after Thursday’s  EIA inventory report.  Natural gas futures in New York dropped to the lowest price in almost three years as forecasts  showed mild weather that would curtail demand for the fuel.Temperatures may be mostly normal or warmer than average in the lower 48 states through April 24, according to Commodity  Weather Group LLC in Bethesda, Maryland. A government report Thursday showed gas stockpiles rose by 15 billion cubic feet  in the week ended April 3, compared with a five-year average decline of 2 billion.   

Capitalstars financial advisory company is a research house they provide best services such as Commodity Intraday Tips, Intraday Stock Advisory,Nifty future tips Free Stock& Share Market Tips, Bullion Tips, Equity Tips. We provide accurate MCX Tips with profitable Commodity Tips for better satisfaction to our customers.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

0 comments: