Israel’s Consideration to Limit Precious Metal Ownership
In a strategic move to combat illegal activities, Prime Minister Benjamin Netanyahu has initiated discussions to limit precious metal ownership in Israel. This comes as part of a broader effort to curb the circulation of black market currency. Which has been linked to various criminal activities. A meeting involving key financial figures, including Finance Minister […]
What is the Price of 1 kg Copper in India: Market Outlook
Today, the price of 1 kg copper in India has settled up by 0.5% at ₹840.65. This increase is largely attributed to China’s introduction of several easing measures aimed at bolstering its economy. The People’s Bank of China announced a 50-basis-point cut to the reserve requirement ratio before the year-end and plans to reduce key […]
Today Aluminium Price: Short-Term Fluctuations Amid Fed Uncertainty
Today aluminium price saw a dip as market participants remained cautious over the U.S. Federal Reserve’s uncertain stance on a rate cut in November. On Friday, the SHFE aluminium 2411 contract fell by 1.12% to close at 19,845 yuan/mt, while LME aluminium dropped by 2.11%, closing at $2,486/mt. Macro Factors Affecting Aluminium Prices:The Fed’s potential […]
Oil Prices Edge Up Amid Iranian Rescue Efforts and Market Optimism
Oil prices increased slightly in Asian trade on Monday as traders looked for more details on rescue efforts for Iran’s President following a helicopter crash. Crude prices were holding onto some of the gains they made the previous week due to growing demand for the commodity in China, a major importer, and the possibility of […]
Gold Prices Record High Amid Middle East Tensions and Metal Market Rally
Gold prices rose to a record high in Asian trade on Monday as raised geopolitical tensions in the Middle East boosted safe haven demand. While a broader rally in metal markets also impacted the yellow metal. Gold futures expiring in June reached a record high of $2,444.55 per ounce. While spot gold increased by almost […]
Oil Prices Slide Amid Weak PMI Readings and Supply Concerns
Oil prices faced a slight decline in Asian trade on Thursday, influenced by a series of weak Purchasing Managers’ Index (PMI) readings that raised concerns about sluggish economic growth. The market also grappled with increased U.S. oil production and exports. Indicating that supply might not be as constrained as initially anticipated. The Energy Information Administration […]
HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 2,250/-
Hindalco Aluminium Decreases it’s Product Prices By INR 2,250/-MT on 04-Aug-2023 Hindalco Aluminium Ingot Prices Decreases By INR 2,250/-MT today which comes at INR 210750-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 2,250/-MT today which comes at INR 222750/-MT. Hindalco Aluminium Billet Prices Decreases By INR 2,250/-MT today which comes at INR 224850/-MT […]
Gold Prices Near Three-Week Lows Amid Strong U.S. Private Payrolls and Dollar Surge points to more Fed tightening
Gold prices remained close to three-week lows on Thursday as a stronger-than-expected increase in U.S. private payrolls in July boosted the dollar and bond yields, fueling speculations of tighter monetary policy. Spot gold was relatively stable at $1,935.20 per ounce by 0100 GMT, while U.S. gold futures eased slightly to $1,970.90. The U.S. dollar index […]
ShreeMetalPrices: Newmont Corp Offers $19.54 Billion for Australia’s Gold Miner Newcrest Mining Ltd
Newcrest Mining Ltd stated on Tuesday that it had granted access to its accounts to Newmont Corp of the United States following a sweetened deal. That valued the Australian gold miner at 29.5 billion Australian dollar (19.54 billion dollar). For each shares owned under the revised offer, Newcrest owners will get 0.400 Newmont shares. The […]
ShreeMetalPrices: Gold Prices recovers reaches near $2,000 as traders hunts for US inflation data
Gold prices rose on Tuesday after plunging more than 1 percent to the prior day, as the dollar dropped ahead of important inflation data from the United States (US). As of 0115 GMT, spot gold was up 0.4 percent at 1,995.74 dollar per ounce. Futures for United states gold increased 0.6 percent to 2,008.52 dollar. […]