Friday, 21 September 2018

Natural Gas Prices Gained As Colder Than Expected Weather Is Expected To Cover Most

Natural Gas trading range for the day is 205.1-219.3.

Natural gas prices gained as colder than expected weather is expected to cover most of the United States over the next 8-14 days.

The Energy Information Administration said utilities added a bigger-than-normal 86 billion cubic feet of gas into storage during that week.

The increase for the week ended Sept. 14 boosted stockpiles to 2.722 tcf, leaving inventories 17.7 percent below the five-year average.

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Silver Prices Traded In Range As The Dollar Slumped, Boosting The Appeal Of The Metal

Silver trading range for the day is 37093-37473.

Silver prices traded in range as the dollar slumped, boosting the appeal of the metal.

The U.S. currency ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared.

A less-harsh-than-expected volley of tariffs exchanged by US and China earlier this week suggested both nations are in no rush to ramp up their trade dispute.
  
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Gold Prices Traded In Range Following News That China Would Retaliate Against A New Round

Gold trading range for the day is 30502-30718.

Gold prices traded in range following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose.

The dollar slipped after Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion.

India should not tamper with its gold import duty or impose other restrictions to support the rupee, the World Gold Council said.

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Wednesday, 19 September 2018

Zinc Prices Gained As Investors Shrugged Off An Escalation Of The U.S.-China Trade

Zinc trading range for the day is 167.8-174.2.

Zinc prices gained as investors shrugged off an escalation of the U.S.-China trade row.

The confidence of Americans in the US economy and their well-being rose towards the end of summer and stood near a 14-year high.

China’s total retail sales of consumer goods increased by 9% from a year earlier, beating a forecast of 8.8%, the National Bureau of Statistics said.

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Silver Prices Traded In Range As The Dollar Held Its Ground After The U.S. And China

Silver trading range for the day is 36935-37911.

Silver prices traded in range as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.

Prices were under pressure in recent months despite intensifying trade tensions between the U.S. and its trade partners, as investors turned to the dollar for safety.

U.S. President Donald Trump said that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019.

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Gold Prices Steadied As The Dollar Eased Following News That China Would Retaliate


Gold trading range for the day is 30504-31072.

Gold prices steadied as the dollar eased following news that China would retaliate against a new round of U.S. tariffs on its goods.

U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports and warned of more tariffs if China retaliated.

Traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens.

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Monday, 17 September 2018

Copper Dropped As Data In China Pointing To A Cooling Economy

Copper trading range for the day is 417.1-435.9.

Copper dropped as data in China pointing to a cooling economy and a worsening trade dispute between Washington and Beijing.

The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.1 percent from last Friday, the exchange said.

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