Broking firm SMC Global gave following outlook on bullion, base metals and energy segment: Bullions: Gold futures along with silver can open in negative path tracking subdued opening in international markets. Gold June contract can trade in range of 28,450-28,650 and silver can also trade in range of 55,000-56,500 in near term. Gold edged lower [...]

GEPL Capital has come out with its report on bullions, base-metals and energy updates. Bullions Gold declined for a second day, dropping with equities and other commodities, as renewed concern that Europe’s debt crisis is worsening boosted the dollar. Spot gold lost as much as 0.5 percent to a one-week low of $1,649.32 an ounce, [...]

Tracking weak trends in the global markets, copper prices shed Rs 4.75 to Rs 414.95 per kg in futures trade today, as speculators offloaded their positions. On the MCX, copper for delivery in June lost Rs 4.75, or 1.13%, to Rs 414.95 per kg in business turnover of 3,547 lots. The April contract moved down [...]

On deteriorating global economic outlook, the better than expected US consumer expenditure data came as a sparkle which coupled with much short covering in the market weighed on the copper much and led the metal to continue trading higher. Meanwhile, Nickel was trading lower due to less demand from the alloy makers in the market. [...]

The selling across the markets continued on Monday with the LME base metals falling by an average of 6.1 percent at the lows of the day. They closed down by an average of 5.1 percent. Tin, lead and zinc all saw losses of over 6 percent, while copper fell 3.8 percent to $8,766 and aluminium [...]

AHMEDABAD (Commodity Online): MCX Copper yesterday closed at Rs. 399.95, after making a high of Rs. 442.75 (on 19th July 2011), the sudden drop in the prices of Copper was due to global uncertainties followed by U.S. debt ceiling issue and slow down in the pace of European economies. In coming sessions, traders will have [...]

SINGAPORE July 23 – Shanghai copper is poised to open firmer on Friday, chasing London which touched two-month peaks and is headed for its best weekly gain since February on fund buying and technical factors. Copper and the rest of the base metals complex could extend the rally if bank stress test results in the [...]

Base metals traded on the London Metal Exchange rose in Asian trade Tuesday after initial falls at the opening of the LME Select trading platform.Traders and strategists said that after arbitrage trade between the London and Shanghai Futures Exchange, signs of firmer physical demand from China helped sustain the market. A Shanghai-based trader said he [...]

NEW YORK/LONDON, July 2 – Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States. Copper for September delivery HGU0 on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly 1.4 percent, at $2.9160 [...]

SHANGHAI June 18 – Shanghai copper fell in early trade on Friday, after London copper prices touched a one-week low in the previous session, as sentiment soured after disappointing U.S. data. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 rose $4 to $6,450 by 0132 GMT on Friday, hovering above a one-week low [...]

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