COMEX Silver futures slumped under $19 per ounce amid heavy selling pressure in global markets as worries over elevated US interest rates hurt the sentiments. The metal had seen some buying amid gains in Copper but the break under $19 has ensured that it gives up almost all of its recent upmove. Indian demand is in focus right now but overall mood in global markets […]
WTI Crude oil futures slumped, falling from a four week high of $95 per barrel. The counter has been going up recently on ideas that OPEC will cut the output in near term. Falling US crude inventories and the Russia-Ukraine war also seem to be supporting the sentiments. The Energy Information Administration reported a crude oil inventory decline of 3.3 million barrels for the week […]
Adani Enterprises has incorporated a wholly owned subsidiary, Raigarh Natural Resources (RNRL), on 26 August 2022, with an initial authorized share capital of Rs 10 lakh and paid-up share capital of Rs 5 lakh each.
COMEX Gold futures slipped near $1750 per ounce as Jerome Powell, the Chief of US Federal Reserve said that the bank must continue to raise interest rates to stop inflation from becoming a permanent aspect of the US economy. Powell said the Federal Reserve would probably impose further interest rate hikes in the coming months and could keep them high for some time. While higher […]
Copper saw some gains mostly steady risk appetite this week. The red metal hit six week high near $3.80 per pound traders seem to be positioned positively due to the structural deficit in global Copper market. International Copper Study Group (ICSG) said in its latest monthly bulletin. World refined copper balance in the first half of 2022 indicates an apparent deficit of about 72,000 t. […]
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