Tag Archives: Gold Prices

Weekly Market Review – India’s Gross Domestic Product (GDP) grew!

India’s Gross Domestic Product (GDP) grew at a slower than expected rate of 4.4% for the first quarter of the current financial year. The economy grew at the slowest quarterly rate since the global financial crisis. The growth was contracted by a contraction in mining and manufacturing. The agricultural sector of the economy grew at 2.7% versus 1.7% QoQ. Manufacturing sector growth contracted at (-) 1.2%. While the trade and hotels growth cue in at 3.9% versus 6.2% QoQ, the construction sector grew at 2.8% versus 4.4% QoQ. Electricity & gas sector grew at 3.7% versus 2.8% QoQ. Mining sector growth contracted at (-) 2.8% versus (-) 3.1 QoQ.

The Indian economy has been steadily losing momentum in recent years. Economic growth virtually halved in two years to 5 percent in the fiscal year that ended in March — the lowest level in a decade. The industrial sector contracted in the first quarter, the 1.1% fall in the index of industrial production showed. The decline in the purchasing managers’ index for services in the first quarter indicates a widening of the slowdown to services sector that expanded 6.5% last year.

Weekly Technical View

USD-INR

The week gone by saw the USD/INR pair continuing to surge higher. The rise seen this week was the highest seen in recent times as the pair touched new life highs. Technical indicators are reflecting the positive price action as the pair trades above the 13-day SMA and momentum readings like the 14 -day RSI are climbing higher. We recommend using any weakness to enter into longs.

Weekly Technical View

EUR-INR

The week gone by saw the EUR/INR pair continuing to surge higher. The rise seen this week was the highest seen in recent times as the pair touched new life highs. The pair has also broken above the upper band of the 20-day Bollinger Bands, which is another bullish signal for the pair. We recommend using any weakness to enter into longs.

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Market Outlook- Gold Edged higher on Friday!

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Gold edged higher on Friday, staying on track for its third straight weekly gain, helped by a weaker dollar and hopes of a prolonged period of easy monetary policy. Bullion has gained nearly 10 percent in three weeks – its biggest such winning streak in nearly two years – after the Federal Reserve assured financial markets it would only start phasing out its stimulus when it was sure the U.S. economy was strong enough to stand on its own.

RR Financial Consultants‘s insight:

Headlines

1)      Silver Vault 200 Tons Starts in Singapore as Wealthy Buy

2)      Hedge Funds Raise Gold Bets as Goldman Sees Decline

3)      WTI Trades near Two-Week Low as Discount to Brent Crude Widens

4)      Coffee Exports From Indonesia Seen Slumping as Beans Rot in Rain

5)      Copper Declines Three-Week Low on Concern China Demand Slowing

6)      Iron Ore Rally Enters Bull Market as China Rebuilds Inventories

Read detail story here: – http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

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Market Outlook- Gold rose to a one-week high!

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Gold rose to a one-week high on Tuesday, as the dollar held below three-year highs and Chinese inflation data boosted the metal’s appeal as a hedge against rising prices in the world’s second-biggest buyer of the metal. Silver was up 0.6 percent to $19.15 an ounce. Platinum was unchanged at $1,358.99 an ounce and palladium fell 0.2 percent to $693.97 an ounce. Data on Tuesday showed China’s annual consumer inflation accelerated more than expected in June.

RR Financial Consultants‘s insight:

Today’s Key Headlines

1)      WTI Crude Trades Near 14-Month High before U.S. Inventory Data

2)      Gold in Japan ETF Expands 10% as Price Drop Entices Buyers

3)      Tanker Demolitions Slumping as Rupee Reaches Record Low: Freight

4)      China Starts Spot Iron Ore Platform in Rizhao to Boost Trade

5)      Japan Seeks to Buy Alternatives to Oregon Wheat in Tender

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

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Market wrap-up: Metal stocks edge higher!

Key benchmark indices hovered in positive terrain in early afternoon trade. Gains in Asian stocks supported up move on the domestic bourses. Capital goods stocks edged higher. Shares of aluminium makers Hindalco Industries and National Aluminium Company (Nalco) rose after Alcoa Inc, the largest US aluminum producer, reported better than expected Q2 results on Monday. The market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 102.26 points up at 19427.03 & The CNX Nifty was 36.05 points up at 5847.60.

Who Moved and Why

1)     Steel Strips Wheels spurts after bagging European patent.

2)     Nearly 70% of Gitanjali Gems’ value eroded in 15 trading sessions.

3)     Kalindee Rail Nirman gains on preferential allotment plan.

4)     Maruti Suzuki skids.

5)     Educomp hits the roof on debt restructuring plan.

6)     VST Industries drops ex-dividend.

7)     Alstom T&D India gains after bagging order.

8)     GRUH Finance gains after strong Q1 earnings.

For detail analysis report please visit:- https://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/09th_july_Mid_Session_Update.pdf

Also find information about crude oil price, commodity price, stock brokers, stock market, share brokers, company fixed deposits, fixed income, how to save tax, mutual fund, IPO India, fixed deposits, bonds and debentures, life insurance, equity market, tax saving schemes, equity shares, insurance brokers in Delhi . For any query please visit:- http://www.rrfinance.com/

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Gold eased as positive – Commodity Market Outlook

Gold eased on Tuesday as positive U.S. housing and consumer confidence data lifted the dollar, and as
Speculation that the Federal Reserve is set to wind down its monetary stimulus programme further weighed on prices. The metal rose in choppy trade earlier in the day after comments on liquidity from China’s central bank arrested a slide in the broader financial markets, but it underperformed other assets as concerns over Fed policy lingered.

Today’s Key Headlines

  • Morgan Stanley to Goldman Cut Gold Forecasts on Fed Outlook
  • WTI Oil Rises a Second Day on Supply Outlook
  • EU Officials Said to Agree to 30% Cap on Some Farm Subsidy Cuts
  • Corn Advances in Chicago before USDA Plantings; Wheat Also Gains
  • Palm Oil Gains as Exports from Malaysia Climb on Ramadan Demand
  • Russia, Kazakhstan Join Turkey in Raising Gold Holdings

For detail analysis report please visit:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

Also find information about  Gold technical view, Commodity Prices, Crude Oil Technical view, Commodities, Mutual Funds, Fixed Income, Life Insurance Plans in India, Fixed Deposit.

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Commodity Market Outlook- Gold fell by about 1 percent!

Gold fell by about 1 percent on Monday, following last week’s 7 percent decline, hurt by a stronger dollar and due to worries over an early end to the U.S. Federal Reserve’s stimulus programme. The metal sank back towards a three-year low hit last week in a sharp sell-off triggered when the Fed said it would cut back its monetary easing by mid-2014, which supported interest rates and therefore made gold comparatively less attractive. Comex gold futures for August delivery fell $7.50 to $1,284.50 an ounce

Today’s Key Headlines

  • Copper Declines as Inventories Advance to 10-Year High
  • Gold Drops With Silver on Fed Outlook as Goldman Cuts Forecasts
  • WTI Oil Fluctuates Amid China Crunch, Syria Unrest
  • China Solars Move Factories Overseas to Avoid EU Duties
  • Corn, Soybeans Drop as Warm Weather in Midwest Boosts Growth
  • Platinum Prices to Rebound as Demand Outpacing Supply
  • White-Sugar Premium Advances on Limited Supplies; Cocoa Retreats

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

 

Also find information about stock market, stock brokers, commodity market, commodity prices, gold prices, mutual funds, equity market, equity shares, life insurance plans, bonds, long term infrastructure bonds, debentures, fixed deposits.

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