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On 3 November 2022

On 4 November 2022

Gold came under pressure as higher treasury yields dragged the dollar higher weighing down bullion prices. Yields on U.S. Treasuries continued their relentless march higher to the highest in around a decade and half, strengthening expectations of a strong Fed rate hike. COMEX Gold dipped to around three week low near $1620 per ounce following the latest slide. However, COMEX Gold futures moved up thereafter […]

On 2 November 2022

COMEX Silver futures saw a very good spike once $19 mark was broken and hit around one week high of $19.40 per ounce. Strength in equities boosted the mood as DOW hit around six week high. The counter also tracked firm action in the copper prices and also eyed excellent Indian import trends. MCX Silver futures approached near Rs 57700 per kg mark following the […]

On 1 November 2022

COMEX Copper futures rose from a three week low on sustained buying in equities and edged up near $3.50 per pound mark. The ICSG report reported that world copper mine production in 2022, although continuing to increase, has underperformed vis-?-vis ICSGs April 2022 expectations, leading to a downward revision in growth rates from 5% to 3.9%. Continued COVID-19 related restrictions and workforce absenteeism, operational and […]

RPPMSL to demerge into RIL

IDBI Bank gained 2.49% to Rs 37.05 after the company reported 46% jump in net profit to Rs 828.09 crore on 18.2% rise in total income to Rs 6,065.51 crore in Q2 FY23 over Q2 FY22.

WTI Crude oil futures saw an overall choppy trading activity. The market eyed a drop in the US crude oil inventories and pushed up the WTI Crude impressively after its recent tumble near $81 per barrel mark. The U.S. Energy Information Administration reported crude oil inventories had shed 1.7 million barrels in the week to October 14. This compared with an inventory build of 9.9 […]