Friday 19 February 2016

CURRENCY MARKET

currency market, the yen regained its edge, rising to 112.93 per dollar JPY from this week's low of 114.875.

www.ripplesadvisory.com  9039089370

NIKKEL

Nikkel  .N225 dropped 2.2 percent as the yen firmed, but remained on track for a weekly gain of 5.9 percent.

www.ripplesadvisory.com  9039089370

SPDR

 SPDR Gold Trust, the world's top gold ETF , rose 0.38 percent to 713.63 tonnes on Thursday. 

www.ripplesadvisory.com  9039089370

SPDR Gold Trust, the world's top gold ETF , rose 0.38 percent to 713.63 tonnes on Thursday.

Read more at: http://www.moneycontrol.com/news/commodities/gold-firm-above-361200-as-lower-equities-stoke-safe-haven-bids_5555181.html?utm_source=ref_article

BRENT CRUDE

Brent crude extended losses on Friday, last trading down 0.8 percent at $34.02 per barrel, but is up 2 percent for the week.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold eased 0.2 percent to USD 1,229.84 an ounce by 0045 GMT, after gaining 2 percent on Thursday.

www.ripplesadvisory.com  9039089370

Thursday 18 February 2016

Stock Markets

Stock markets also firmed in Europe after a positive session in Asia overnight and as benchmark Brent crude oil prices rose 1 percent. Sharp losses in oil and stocks drove gold to a one-year high at $1,260.60 an ounce last week.

www.ripplesadvisory.com  9039089370

SILVER

Silver was up 0.1 percent at $15.30 an ounce, while platinum dropped 0.2 percent to $940.60 and Palladium gained 0.2 percent to $512.20.

www.ripplesadvisory.com  9039089370

DOLLAR

The dollar edged down 0.2 percent to 113.85 yen. The euro nudged up 0.1 percent to $1.1142.

CRUDE OIL

Crude oil remained the main market driver. U.S. crude was up 1.7 percent at $31.19 a barrel following a 7 percent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.

www.ripplesadvisory.com  9039089370

OIL PRICES

Oil prices also gained support after U.S. crude stocks unexpectedly fell by 3.3 million barrels last week to 499.1 million, data from the American Petroleum Institute showed on Wednesday.

www.ripplesadvisory.com  9039089370

BRENT

Brent futures added 42 cents to $34.92 a barrel by 0409 GMT, having closed 7.2 percent higher in the previous session after hitting an intraday high of $34.99.

www.ripplesadvisory.com  9039089370

U.S.CRUDE

U.S. crude rose 60 cents to $31.26 a barrel, having finished 5.6 percent higher in the previous session after touching a high $31.49.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on Wednesday.

www.ripplesadvisory.com  9039089370

Wednesday 17 February 2016

INDIAN RUPEE

The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday.  

 

The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday.

Read more at: http://www.moneycontrol.com/news/rupee/rupeedown12paiseopensat6849perdollar_5519581.html?utm_source=ref_article

U.S.DOLLAR

U.S. dollar restrained at 96.871 against a basket of currencies. It was steady on the yen at 114.05, after finding support around 113.60.

www.ripplesadvisory.com  9039089370

US CRUDE

US crude futures rebounded on Wednesday on investor hopes a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices. US crude had risen 24 cents to USD29.28 a barrel by 0033 GMT, after ending the previous session down 40 cents. 

www.ripplesadvisory.com  9039089370

US crude futures rebounded on Wednesday on investor hopes a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices. US crude had risen 24 cents to USD29.28 a barrel by 0033 GMT, after ending the previous session down 40 cents.

Read more at: http://www.moneycontrol.com/news/commodities/us-crude-reboundsinvestor-optimism-over-oil-producers-deal_5519121.html?utm_source=ref_article

U.S.CRUDE

U.S. crude had risen 24 cents to $29.28 a barrel by 0033 GMT, after ending the previous session down 40 cents.

www.ripplesadvisory.com  9039089370

Tuesday 16 February 2016

BRENT CRUDE

Brent crude for April delivery was up $1.21 at $34.60 a barrel. It rose as high as $34.72, the highest level since February 5, after rising 11 percent on Friday.

www.ripplesadvisory.com  9039089370

U.S. CRUDE

U.S. crude was up $1.43 at $30.87 by 0330 GMT as the market reopened following a shortened holiday session. The contract rose by as much as $1.50, or 5.1 percent, to $30.94, the highest since February 8, building on Friday's more than 12 percent surge.

www.ripplesadvisory.com  9039089370

U.S. GOLD

U.S. gold futures also fell, hitting a session low of $1,191.50. Silver dropped more than 1 percent.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold fell 1.5 percent to $1,191.40 an ounce by 0415 GMT, after earlier hitting a session low of $1,190.40. The metal slid 2.3 percent on Monday, its biggest slump since July.

Monday 15 February 2016

BRENT OIL

Brent oil for April delivery soared $3.30, or 10.98%, on Friday to close the week at $33.36 a barrel. A day earlier, Brent futures dipped 78 cents, or 2.53%.

www.ripplesadvisory.com  9039089370

MCX PRICE

SILVER

Open   37,620.00

High   37,620.00

Low   36,979.00

GOLD

Open   29,302.00

High   29,302.00

Low   28,854.00

NATURAL GAS

Open   133.00

High   133.30

Low   132.80

ALUMINIUM

Open   103.00

High   103.30

Low   103.00

 COPPER

Open   308.20

High   312.25

Low   308.20 

BRENT CRUDE

London Brent crude for April delivery LCOc1 was down 45 cents at $32.91 a barrel by 0032 GMT (7 p.m. ET on Sunday). It jumped $3.30 on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on an output cut.

www.ripplesadvisory.com 

COPPER

copper on the London Metal Exchange had climbed 1.8 percent to $4,584 a tonne by 0108 GMT, extending a 1.2-percent gain from the previous session that still saw prices end in the week down by more than 2 percent.

www.ripplesadvisory.com  9039089370

CRUDE OIL

Crude oil imports were also down 4.6 percent on a year earlier at 26.69 million tonnes, or 6.29 million barrels per day.

www.ripplesadvisory.com  9039089370

INDIAN RUPEE

The Indian rupee has opened marginally higher at 68.19 a dollar on Monday against Friday's close of 68.23 a dollar.

www.ripplesadvisory.com  9039089370

Friday 12 February 2016

SPDR

SPDR Gold Trust, the world's top gold-backed exchange-traded fund, rose 1.99 percent to 716.01 tonnes on Thursday, the biggest inflow in two months.

www.ripplesadvisory.com  9039089370

PLATINUM

Platinum was down 0.3 percent at $953.48 an ounce after reaching its highest since November on Thursday. Palladium was down 0.5 percent at $518.79.

www.ripplesadvisory.com  9039089370

SILVER

Silver was down 0.5 percent at $15.64 an ounce after touching $15.95 on Thursday, its highest since October.

www.ripplesadvisory.com  9039089370

SPOT PLATINUM

Spot platinum XPT= climbed 3.8 percent to a three-month high at $967.17, while palladium XPD= rose 2.1 percent to $530.46, a one-month high.

www.ripplesadvisory.com  9039089370

 

U.S.GOLD

U.S. gold futures for April delivery GCJ6 settled up 4.5 percent at $1,247.80 per ounce, with unusually heavy options activity in March and April calls at $1,250 and $1,300.

www.ripplesadvisory.com 9981962092

OIL PRICES

Oil prices climbed off 12-year lows [O/R] too and safe-haven gold XAU=, on for its best week in four years, and U.S. US10YT=RR and German government bonds DE10YT=TWEB all cooled after their sizzling last few days.

www.ripplesadvisory.com  9039089370

SOPT GOLD

Spot gold was down 0.7 percent at $1,237.36 by 1001 GMT, after rising to as high as $1,260.60 an ounce on Thursday, its highest since February last year.

Thursday 11 February 2016

INDIAN RUPEE

The Indian rupee opened lower by 10 paise at 67.95 per dollar on Thursday versus 67.85 Wednesday. 

www.ripplesadvisory.com  9039089370

The Indian rupee opened lower by 10 paise at 67.95 per dollar on Thursday versus 67.85 Wednesday.

Read more at: http://www.moneycontrol.com/news/rupee/rupeedown10paiseopensat6795perdollar_5414781.html?utm_source=ref_article

GOLD PRICE

Gold prices stabilized below a 7-1/2-month high on Wednesday after U.S. Federal Reserve Chair Janet Yellen said that only "gradual" adjustments to monetary policy were likely and stressed that global headwinds could hurt U.S. growth.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold, recovered earlier losses to rise 0.4 percent to $1,192.96 an ounce at 3:01 p.m. EST (2001 GMT), not far from Monday's 7-1/2-month high at $1,200.60.

www.ripplesadvisory.com  9039089370

SPOT PLATINUM

Spot platinum fell 0.1 percent to $931.25 an ounce, while palladium was up 1.5 percent at $520.81.

SPOT SILVER

spot silver was down 0.1 percent at $15.24 an ounce.

www.ripplesadvisory.com  9039089370

U.S.GOLD

U.S. gold futures for April delivery settled down 0.3 percent at $1,194.60 an ounce. The discrepancy in market direction was rooted in the futures market's higher close on Tuesday versus the spot market's weaker finish.

www.ripplesadvisory.com 9981962092


OIL PRICES

Oil prices resumed their decline as U.S. crude CLc1 slid 55 cents to $26.89 a barrel, while Brent futures LCOc1 lost 35 cents to $30.49.

www.ripplesadvisory.com  9039089370

Wednesday 10 February 2016

MCX PRICE

Open   37,100.00
High   37,100.00
Low   36,752.0
CRUDE OIL
Open   1,943.00
High   1,958.00
Low   1,943.00 
NATURAL GAS
Open   143.40
High   143.90
Low   142.50
Market Lot   1
ALUMINIUM
Open   101.10
High   101.55
Low   101.05
COPPER
Open   305.45
High   306.70
Low   305.20
Market Lot   1
  GOLD
Open   28,350.00
High   28,350.00
Volume   1,410
Low   28,241.00

U.S.CRUDE

U.S. crude for March delivery was 47 cents higher at $28.41 a barrel by 0113 GMT. The contract fell for a fourth-straight session on Tuesday to settle $1.75 lower.

www.ripplesadvisory.com  9039089370

U.S.GOLD

US gold futures eased 0.6 percent to USD 1,191.40 after recent gains.

9981962092

US gold futures eased 0.6 percent to USD 1,191.40 after recent gains. Spot silver rose 0.2 percent to USD 15.26 an ounce, not far from a three-month high of USD 15.46 reached on Monday.

Read more at: http://www.moneycontrol.com/news/commodities/gold-near-seven-and-a-half-months-highsafe-haven-demand_5393021.html?utm_source=ref_article

INDIAN RUPEE

The Indian rupee opened flat at 67.90 per dollar on Wednesday versus previous close of 67.90.

www.ripplesadvisory.com  9039089370

The Indian rupee opened flat at 67.90 per dollar on Wednesday versus previous close of 67.90.

Read more at: http://www.moneycontrol.com/news/rupee/rupeeopensflatat6790perdollar_5393521.html?utm_source=ref_article

U.S. ENERGY

U.S. Energy Information Administration (EIA) this week cut its 2016 world oil demand growth forecast by 180,000 bpd, with demand to hit 95.02 million bpd, up 1.24 million bpd from 2015.

www.ripplesadvisory.com  9039089370

SPDR

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.21 percent to 702.03 tonnes on Tuesday.

www.ripplesadvisory.com 


SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.21 percent to 702.03 tonnes on Tuesday.

Read more at: http://www.moneycontrol.com/news/commodities/gold-near-seven-and-a-half-months-highsafe-haven-demand_5393021.html?utm_source=ref_article

PLATINUM

Platinum was up 1.4 percent at $934.20 an ounce, after rising to a three-month peak at $937.50.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver was down 0.3 percent at $15.26 an ounce, while palladium rose by 0.5 percent to $515.60 an ounce.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold was up 0.1 percent at $1,192.30 an ounce at 2:12 p.m. EST (1912 GMT), below the session high of $1,198.90 and Monday's 7-1/2-month peak at $1,200.60 on Monday.

www.ripplesadvisory.com  9039089370

Tuesday 9 February 2016

U.S. CRUDE

U.S. crude was up 49 cents at $30.18 a barrel at 0259 GMT, after rising as far as $30.30. The contract fell about 4 percent on Monday, finishing at $29.69.

www.ripplesadvisory.com  9039089370

PLATINUM

Platinum was up 1.5 percent at $921.33, after reaching $926.63, its highest since Nov. 9, while palladium was up 1.2 percent at $506.72 an ounce.

www.ripplesadvisory.com  9039089370

OIL PRICES

Oil prices bounced slightly after three sessions of losses. Brent futures added 37 cents to $33.25 a barrel, while U.S. crude rose 51 cents at $30.19.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver rose 0.6 percent to $15.39 an ounce, near Monday's three-month high of $15.46. Platinum gained 0.5 percent to $925.80 an ounce, also near a three-month peak of $931.76 reached overnight. Palladium slipped 0.5 percent to $510.52 an ounce.

www.rippleadvisory.com

U.S.GOLD

 US gold for April delivery was off 0.4 percent at USD 1,192.70 an ounce.

SPOT GOLD

Spot gold was flat at USD 1,191.10 an ounce by 0037 GMT. The metal, which thrives on instability in markets elsewhere, rose as high as USD 1,200.60 on Monday, its strongest since June 22 last year.

www.rippleadvisory.com

Spot gold was flat at USD 1,191.10 an ounce by 0037 GMT. The metal, which thrives on instability in markets elsewhere, rose as high as USD 1,200.60 on Monday, its strongest since June 22 last year.

Read more at: http://www.moneycontrol.com/news/commodities/gold-holds-near-seven-and-a-half-month-peak-as-equities-tumble_5370401.html?utm_source=ref_article

Monday 8 February 2016

INDIAN RUPEE

The Indian rupee declined in the early trade on Monday. It opened lower by 21 paise at 67.85 per dollar against 67.64 Friday.

www.ripplesadvisory.com  9039089370

The Indian rupee declined in the early trade on Monday. It opened lower by 21 paise at 67.85 per dollar against 67.64 Friday.

Read more at: http://www.moneycontrol.com/news/rupee/rupeedeclines21paiseopensat6785perdollar_5355121.html?utm_source=ref_article

MCX PRICE

Open   2,139.00

High   2,139.00

Low   2,111.00

Open   36,113.00

High   36,137.00

Low   36,007.00

Open   27,420.00

High   27,834.00

Low   27,400.00

COPPER

Open   314.30

High   314.30

Low   312.85 

U.S. GOLD

U.S. gold for April delivery was up 0.2 percent at $1,159.20 an ounce.

SPOT GOLD

Spot gold initially rose after the jobs report to $1,161.31 an ounce, its highest since Oct. 29, but by 1401 GMT it was down 0.5 percent at $1,149.86 an ounce.

www.ripplesadvisory.com  9039089370

PLATINUM

Platinum was down 1.2 percent at $896.96 an ounce, while palladium was down 0.6 percent at $508.73, after earlier hitting a one-month high at $518.14.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver was up 0.1 percent at $14.86 an ounce, still near Thursday's three-month high of $14.91 and has gained 4 percent this week.

www.ripplesadvisory.com  9039089370

DOLLAR

Dollar rose about 0.4 percent to 117.26 yen, moving away from Friday's 2-1/2 week low of 116.285 in a week in which it logged a 3.6-percent slide, its biggest weekly drop since July 2009.

 www.ripplesadvisory.com  9039089370

U.S.CRUDE

U.S. crude futures were down 2 cents at $30.87. On Friday, the contract fell 83 cents to $30.89 a barrel.

www.ripplesadvisory.com  9039089370

BRENT CRUDE

Brent crude futures, the global benchmark was down 9 cents at USD 33.97 at 0039 GMT. They fell 40 cents to USD 34.06 a barrel on Friday. 

www.ripplesadvisory.com  9039089370

CRUDE OIL

crude oil for delivery in March settled at $31.01 a barrel at the close, down 2.25% for the day. Crude was down 7.83% for the week and is down almost 17% for the year to date. 

www.ripplesadvisory.com  9039089370

crude oil for delivery in March settled at $31.01 a barrel at the close, down 2.25% for the day. Crude was down 7.83% for the week and is down almost 17% for the year to date.

Read more at: http://www.moneycontrol.com/news/commodities/crude-oil-futures-weekly-outlook-february-8-12_5354621.html?utm_source=ref_article

SPDR

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, also said its holdings rose 0.70 percent to 698.46 tonnes on Friday from 693.62 tonnes on Thursday.

www.ripplesadvisory.com  9039089370

Friday 5 February 2016

MCX PRICE

 SILVER
Open   35,866.00
High   35,999.00
Low   35,765.00
Open   2,163.00
High   2,198.00
Low   2,135.00
Open   104.00
High   104.60
Low   103.90
Open   317.65
High   319.10
Low   316.10
www.ripplesadvisory.com  9039089370

U.S.CRUDE

U.S. crude inventories climbed 7.8 million barrels in the week to Jan. 29 to 502.7 million barrels. Gasoline inventories rose to a record high, soaring 5.9 million barrels to 254.4 million barrels.

http://www.ripplesadvisory.com/pricing.php

BRENT CRUDE

Brent crude futures were trading at $34.41 per barrel at 0539 GMT, a notch below their last settlement while U.S. West Texas Intermediate (WTI) crude futures were up 6 cents at 31.78 a barrel.

www.ripplesadvisory.com  9039089370

SPOT PLATINUM

Spot platinum XPT= touched $902.36, its highest since Nov. 11, while palladium XPD= was flat at $509.52 after hitting a one-month peak of $515.54 on Wednesday.

www.ripplesadvisory.com  9039089370

U.S.GOLD

U.S. gold for April delivery eased 0.2 percent to $1,154.70 an ounce.

www.ripplesadvisory.com  9039089370

GOLD

Gold futures were up 0.10 percent to Rs 27,650 per 10 grams as traders raised bets amid positive cues from the global markets. At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 28 or 0.10 percent to Rs 27,650 per ten grams in a business turnover of two lots. 

 www.ripplesadvisory.com  9039089370

Gold futures were up 0.10 percent to Rs 27,650 per 10 grams as traders raised bets amid positive cues from the global markets. At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 28 or 0.10 percent to Rs 27,650 per ten grams in a business turnover of two lots.

Read more at: http://www.moneycontrol.com/news/commodities/gold-futures010global-cues_5323401.html?utm_source=ref_article

SPOT SILVER

Spot silver was off 0.3 percent at $14.82 an ounce, still near Thursday's three-month high of $14.91 and has gained 4 percent this week. Platinum dropped 1 percent to $899 an ounce, not far below a three-month peak, while palladium held close to a one-month top at $512.90.

SPOT GOLD

Spot gold was flat at $1,154.50 an ounce by 0629 GMT, after peaking at $1,157.20 on Thursday, its highest since Oct. 29.

www.ripplesadvisory.com  9039089370

Indian Rupee

The Indian rupee opened lower by 12 paise at 67.66 per dollar on Friday versus 67.54 Thursday. 

www.ripplesadvisory.com  9039089370

Thursday 4 February 2016

SPDR GOLD

SPDR Gold Trust, continued to rise, standing at 22.19 million ounces on Wednesday, the highest since late October.

SPDR Gold Trust, continued to rise, standing at 22.19 million ounces on Wednesday, the highest since late October.

Read more at: http://www.moneycontrol.com/news/commodities/gold-clings-near-three-month-peak-as-us-rate-hike-views-ease_5298101.html?utm_source=ref_article

SPOT SILVER

Spot silver was up 2.5 percent at $14.65 an ounce, while palladium was up 3.1 percent at $503.89. Platinum was up 3.3 percent to $878.11.

www.ripplesadvisory.com  9039089370

U.S. GOLD

U.S. gold for April delivery was flat at $1,141.90 an ounce.

www.ripplesadvisory.com  9039089370

SPOT PLATINUM

Spot platinum rose to a one-month high of $885.27 an ounce and palladium was up 0.5 percent at $511.75 an ounce, near Wednesday's one-month top of $515.54.

 www.ripplesadvisory.com  9039089370

U.S.DOLLAR

 U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, plummeted by more than 1.3% on Wednesday to an intraday low of 97.42. The dollar has slumped approximately 2% since reaching a two-week high last Friday, after the Bank of Japan bolstered the greenback with a surprising decision to push interest rates into negative territory. 

www.ripplesadvisory.com  9039089370

U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, plummeted by more than 1.3% on Wednesday to an intraday low of 97.42. The dollar has slumped approximately 2% since reaching a two-week high last Friday, after the Bank of Japan bolstered the greenback with a surprising decision to push interest rates into negative territory.

Read more at: http://www.moneycontrol.com/news/commodities/us-crude-soars-8-as-prospects-for-opec-meeting-offset-inventory-build_5298001.html?utm_source=ref_article

U.S. CRUDE

US crude futures were trading at USD 32.68 per barrel at 0119 GMT on Thursday, up 40 cents from the previous session's close when they rallied 8 percent from below USD 30 per barrel. 

www.ripplesadvisory.com  9039089370

US crude futures were trading at USD 32.68 per barrel at 0119 GMT on Thursday, up 40 cents from the previous session's close when they rallied 8 percent from below USD 30 per barrel.

Read more at: http://www.moneycontrol.com/news/commodities/oil-extend-gainsdollar-slide-talkoil-producer-meeting_5300041.html?utm_source=ref_article

SPOT GOLD

Spot gold was little changed at USD 1,141.01 an ounce by 0040 GMT, after rising as high as USD 1,145.60 on Wednesday, its loftiest since October 30. Gold rallied 1.2 percent overnight, the biggest single-day gain since January 20.

 www.ripplesadvisory.com  9039089370

Spot gold was little changed at USD 1,141.01 an ounce by 0040 GMT, after rising as high as USD 1,145.60 on Wednesday, its loftiest since October 30. Gold rallied 1.2 percent overnight, the biggest single-day gain since January 20.

Read more at: http://www.moneycontrol.com/news/commodities/gold-clings-near-three-month-peak-as-us-rate-hike-views-ease_5298101.html?utm_source=ref_article

Wednesday 3 February 2016

U.S.GOLD

U.S. gold for April delivery was flat at $1,127.70 an ounce.

www.ripplesadvisory.com  9039089370

BRENT

Brent for April delivery had dropped USD 1.81, or 5.3 percent, to USD 32.43 a barrel by 9:42 a.m. ET (1442 GMT), after settling down USD 1.75, or 4.9 percent, in the previous session. 

 www.ripplesadvisory.com  9039089370

Brent for April delivery had dropped USD 1.81, or 5.3 percent, to USD 32.43 a barrel by 9:42 a.m. ET (1442 GMT), after settling down USD 1.75, or 4.9 percent, in the previous session.

Read more at: http://www.moneycontrol.com/news/commodities/brent-sinks-5-wti-dips-below-3630china-oversupply-worries_5270581.html?utm_source=ref_article

U.S.CRUDE

U.S. crude, also known as West Texas Intermediate (WTI), fell 15 cents to $29.73, having ended the previous session down $1.74, or 5.5 percent.

www.ripplesadvisory.com  9039089370

LBMA

London Bullion Market Association (LBMA) survey, analysts were bullish the four precious metals, calling for the average price of gold in 2016 to be up 1.1 percent from 2015 at $1,103 an ounce. In silver and platinum they forecast 5.4 percent rises to $14.74 and $911 respectively, and a 12.7 percent increase in palladium to $568.

www.ripplesadvisory.com  9039089370

SPOT PLATINUM

Spot platinum XPT= fell 1 percent to $861.09 an ounce, palladium XPD= also slipped 0.5 percent to $497.95 and silver XAG= dropped 0.3 percent to $14.27.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver was down 0.3 percent at $14.28, platinum was down 1.7 percent at $855.11 an ounce, and palladium was down 2.3 percent at $488.62.

www.ripplesadvisory.com  9039089370

MARKET NEWS

Asian shares sagged as oil prices sank again due to fading hopes of a deal to curb a global glut, prompting investor to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.

The yen and euro held on to overnight gains against the dollar, driving down U.S. debt yields to nine-month lows and dulling the greenback's appeal.

www.ripplesadvisory.com  9039089370

SPOT GOLD

Spot gold was off 0.2 percent at USD 1,127.07 an ounce by 0044 GMT, not far below Tuesday's peak of USD 1,130.30, its strongest since November 3.

 www.ripplesadvisory.com  9039089370

Tuesday 2 February 2016

MCX PRICE

Open   34,807.00

High   34,847.00

Low   34,771.00

Open   26,848.00

High   26,848.00

Low   26,750.00

NATURAL GAS

Open   145.40

High   145.80

Low   145.00

Open   103.85

High   104.15

Low   103.65

COPPER

Open   309.50

High   310.10

Low   308.60

OIL PRICES

Oil prices could nudge below USD 30 a barrel again if investors saw hopes fading of a deal between members of oil producers cartel OPEC and Russia on production cuts, he said. 

www.ripplesadvisory.com  9039089370

Oil prices could nudge below USD 30 a barrel again if investors saw hopes fading of a deal between members of oil producers cartel OPEC and Russia on production cuts, he said.

Read more at: http://www.moneycontrol.com/news/commodities/oil-fallschina-economic-woes-rising-opec-supply_5252221.html?utm_source=ref_article

u.s. crude

U.S. crude is still nearly 19 percent above the more than 12-year low of $26.19 hit in mid-January.

 www.ripplesadvisory.com  9039089370

BRENT

Brent for April delivery LCOc1 had dropped 66 cents to $33.58 a barrel as of 0502 GMT, after settling down $1.75, or 4.9 percent, in the previous session.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver XAG= rose 0.7 percent to $14.36 an ounce while palladium XPD= was up 0.7 percent at $502.01 an ounce.

www.ripplesadvisory.com  9039089370

U.S.GOLD

U.S. gold for April delivery was flat at $1,127.30 an ounce.

 www.ripplesadvisory.com  9039089370

SOPT GOLD

Spot gold touched USD 1,130.11 an ounce, its strongest since Nov. 3, and was trading down 0.2 percent at USD 1,126.55 by 0226 GMT.

www.ripplesadvisory.com  9039089370

Spot gold touched USD 1,130.11 an ounce, its strongest since Nov. 3, and was trading down 0.2 percent at USD 1,126.55 by 0226 GMT.

Read more at: http://www.moneycontrol.com/news/commodities/gold-hits-three-month-highshaky-global-economy_5252241.html?utm_source=ref_article

SPOT PLATINUM

Spot platinum fell 1 percent to USD 860.85 an ounce, palladium was steady at USD 500.16

 www.ripplesadvisory.com  9039089370

Spot platinum fell 1 percent to USD 860.85 an ounce, palladium was steady at USD 500.16 and so was silver at USD 14.31.

Read more at: http://www.moneycontrol.com/news/commodities/gold-hits-three-month-highshaky-global-economy_5252241.html?utm_source=ref_article

Monday 1 February 2016

GOLD PRICES

Gold prices rose by Rs 50 to Rs 26,688 per 10 gram in futures trade after speculators widened positions amid a better trend overseas. Gold for delivery in current month was trading higher by Rs 50, or 0.19 percent to Rs 26,88 per 10 gram in a turnover of 78 lots at the Multi Commodity Exchange. 

www.ripplesadvisory.com  9039089370

Gold prices rose by Rs 50 to Rs 26,688 per 10 gram in futures trade after speculators widened positions amid a better trend overseas. Gold for delivery in current month was trading higher by Rs 50, or 0.19 percent to Rs 26,88 per 10 gram in a turnover of 78 lots at the Multi Commodity Exchange.

Read more at: http://www.moneycontrol.com/news/commodities/gold-rises-rs-50futures-tradeglobal-cues_5236181.html?utm_source=ref_article

INDIAN RUPEE

The Indian rupee opened flat at 67.77 per dollar on Monday against Friday's close of 67.78. 

www.ripplesadvisory.com  9039089370

The Indian rupee opened flat at 67.77 per dollar on Monday against Friday's close of 67.78.

Read more at: http://www.moneycontrol.com/news/rupee/rupeeopensflatat6777perdollar_5231261.html?utm_source=ref_article

SPOT PLATINUM

Spot platinum rose 0.9 percent to $868.15 an ounce and palladium gained 1.1 percent to $495.15.

www.ripplesadvisory.com  9039089370

 

SPOT GOLD

Spot gold touched a 12-week high of $1,127.80 on Wednesday, after the Fed said it was closely watching the global economy and financial markets and their impact on the U.S. economy.

www.ripplesadvisory.com  9039089370

BRENT CRUDE

Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over 1.2 percent from the last close. U.S. West Texas Intermediate was down 32 cents at $33.30 a barrel.

www.ripplesadvisory.com  9039089370

SPOT SILVER

Spot silver rose 0.2 percent to $14.29 an ounce, platinum slipped 0.4 percent to $867.68 and palladium was up 0.2 percent at $499.55.

www.ripplesadvisory.com  9039089370

U.S. GOLD

U.S. gold for April delivery was up 0.5 percent at $1,121.60 an ounce, with the U.S. dollar down slightly versus a basket of currencies.