Nickel Gained Tracking LME Prices Gained By 2.4 Percent To Close

Nickel trading range for the day is 743.6-778.4.

Nickel gained tracking LME prices gained by 2.4 percent to close at $11,055 as investors bought riskier assets on speculation U.S. interest rates may be near a peak

The Philippines' environment ministry has said it would allow nine suspended mines, six of which are nickel, to resume operations.

The global nickel market deficit widened slightly to 9,200 tonnes in September from the previous month's revised deficit of 8,100 tonnes.

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Gold Prices Rose As The U.S. Dollar Tumbled After Fed Chairman Powell Indicated

Gold trading range for the day is 30093-30749.

Gold prices rose as the U.S. dollar tumbled after Fed Chairman Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes.

Powell said that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance economic risks.

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Zinc Prices Fell As Expectations Of Weaker Demand From Chinese Steel Mills

Zinc trading range for the day is 174.4-185.4.

Zinc prices fell as expectations of weaker demand from Chinese steel mills overpowered signs that the market is short of metal.

An expected surge in refined zinc output after a clutch of new mine openings has been derailed by bottlenecks at smelters across Asia.

China's forced environmental cutbacks on zinc slag, and falling refined prices in the second quarter, prompted many smelters to cut production.



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Natural Gas Gained On Forecasts For Colder Weather Than Previously Expected

Natural gas trading range for the day is 287.3-334.1.

Natural gas gained on forecasts for colder weather than previously expected, prompting worries that prices could spike even higher this winter.

EIA said utilities pulled a massive 134 billion cubic feet of gas from inventories during the extremely frigid week.

The decrease cut stockpiles to 3.113 tcf, 18.6 percent below the five-year average of 3.823 tcf for this time of year and the lowest for the week since 2002.

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Silver Fell As The Dollar Regaind Meomentum And An Improvement

Silver trading range for the day is 35388-36836.

Silver fell as the dollar regaind meomentum and an improvement in risk sentiment lifted stock markets in Europe, denting bullion's appeal.

The dollar has been under pressure as cautious comments by Fed officials about a potential global slowdown raised doubts on the pace of interest rate hikes.

Data showed weekly jobless claims rose to a more than four-month high and new orders for U.S.-made capital goods were unexpectedly flat in October.

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Gold Prices Edged Downward As Investors Flocked To The Dollar

Gold trading range for the day is 30622-31086.

Gold prices edged downward as investors flocked to the dollar and U.S. government bonds amid steep declines in global stock markets.

New York Fed President John Williams told that “We will be likely raising interest rates somewhat, but it is really in the context of a very strong economy.”

Richard Clarida, expressed caution over the global growth outlook on Friday and said "that's something that is going to be relevant" for the outlook for the U.S. economy.

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Nickel Dropped Pressured By Expectations That Steel Output In The World's Top

Nickel trading range for the day is 773.8-820.8.

Nickel dropped pressured by expectations that steel output in the world's top producer will remain strong as cities impose more flexible production curbs this winter.

Nickel output in the Philippines, is expected to increase after the country's environment ministry said nine suspended mines will be allowed to resume.

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Zinc Prices Dropped Tracking LME Prices As Risk Aversion Grew

Zinc trading range for the day is 185.8-195.6.

Zinc prices dropped tracking LME prices as risk aversion grew as the US stock market slumped.

China’s domestic supplies stayed relatively tight, market optimism cooled as downstream consumption went sluggish at the year-end.

Social inventories of refined zinc across Shanghai, Guangdong and Tianjin came in at 123,000 mt.

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Gold Prices Inched Up As The Dollar Slipped Following Reports

Gold trading range for the day is 30609-31043.

Gold prices inched up as the dollar slipped following reports that China delivered a written response to U.S. trade demand.

Federal Reserve chairman Jerome Powell said in Dallas that the U.S. economy is “in such a good place right now”.

Powell reiterated the central bank is independent and would continue to do what is best for the U.S. economy.

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Gold Dropped As The Dollar Inched Up As Traders Awaited The U.S. Inflation Data

Gold trading range for the day is 30846-31246.

Gold dropped as the dollar inched up as traders awaited the U.S. inflation data due later this week.

U.S. central bank last week indicated it planned to raise rates next month and remained on track for two more potential hikes by mid-2019 on the back of an upbeat economy.

The US Dollar found renewed haven appeal against the risk-off backdrop, and its rise undermined the appeal of anti-fiat alternatives epitomized by the yellow metal.

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Silver Prices Slumped As Inflation Data Pointed To Steady Interest

Silver trading range for the day is 36142-37974.

Silver prices slumped as inflation data pointed to steady interest rate increases by the Federal Reserve.

The central bank hiked U.S. interest rates three times this year and is widely expected to do so again in December.

Meanwhile, weak economic global growth worried investors as producer prices in China fell for the fourth-straight month, raising more concerns that economy is struggling.

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Gold Slid As The Dollar Firmed In The Wake Of The U.S. Midterm Elections

Gold trading range for the day is 31084-31662.

Gold slid as the dollar firmed in the wake of the U.S. midterm elections, with market participants now awaiting clues on the pace of interest rate hikes from the U.S. Federal Reserve.

The Federal Reserve announced that it will maintain its monetary policy and indicated further gradual rate hikes before the end of the year.

India raised gold holdings by 6.53 tonnes to 586.46 tonnes in September 2018, according to IMF data.

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Silver Dropped After A Stronger Than Expected October Jobs Report

Silver trading range for the day is 38239-39031.

Silver dropped after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with loss.

US data showed the unemployment rate steadied at 3.7% as expected, while average earnings rose 0.2% as expected, slowing down from 0.3% in September.

Hedge funds and money managers raised their net short positions in Comex silver contracts in the week to Oct. 30, the U.S. Commodity Futures Trading Commission said.

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Mentha Oil Prices Rallied Due To Bullish Demand Outlook

Mentha oil trading range for the day is 1791.4-1840.4.

Mentha oil spot at Sambhal closed at 1941.60 per 1kg. Spot prices was up by Rs.20.80/-.

Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.

Spot markets are also witnessing strong consumption demand amid restricted supplies.

Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.




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Gold Gained As The Recent Drop In Metal Prices And An Easing Of The U.S. Dollar

Gold trading range for the day is 31665-32051.

Gold gained as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying.

Investors are wary of a potential saturation in currencies ahead of the U.S. mid-term elections and amid other geo-political uncertainties.

Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals.

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Gold Fell As The Dollar Scaled A 16-Month Peak And A Stock Market Rebound

Gold trading range for the day is 31598-31974.

Gold fell as the dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier investments.

U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month.

SPDR Gold Trust, said its holdings fell 0.12 percent to 754.06 tonnes on Wednesday from 754.94 tonnes on Tuesday.


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Silver Trading Range For The Day Is 38318-39158

Silver trading range for the day is 38318-39158.

Silver dropped as the US dollar strengthened after the European Central Bank kept interest rates unchanged in their October policy meeting.

Fed’s Clarida said that gradual increases to interest rates are appropriate, noting that increased savings and tax cuts constitute burdens on the economy.

Orders to US factories for big-ticket manufactured goods slowed significantly in September.



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Gold Prices Fell On A Strong Dollar And A Rebound Of Stocks

Gold trading range for the day is 31666-32212.

Gold prices fell on a strong dollar and a rebound of stocks following a multi-day sell-off globally, taking steam out of bullion's momentum.

U.S. business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further

Concerns ranging from U.S.-China trade disputes to Italy's budget woes and Brexit uncertainty have accelerated the flight to safety.

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Jeera Trading Range For The Day Is 19615-20115

Jeera trading range for the day is 19615-20115.

Jeera prices ended with losses tracking weakness in spot demand amid higher arrivals in the physical market.

During monsoon season, Jeera producing districts of Gujarat received scanty rains, which will affect its production in next season.

NCDEX accredited warehouses jeera stocks dropped by 107 tonnes to 2642 tonnes.

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Aluminium Trading Range For The Day Is 146.2-150.2

Aluminium trading range for the day is 146.2-150.2.

Aluminium dropped on profit booking despite of market talk that Jinjiang and Xinfa have cut their alumina capacity due to tight supplies of bauxite.

China's primary aluminium production fell for a second straight month in September and slid to its lowest level since May.

China's primary aluminium supply is expected to grow at 4.1% in 2019, while consumption is likely to grow at a slower pace of 3%.

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