DAILY COMMODITY REPORT
Precious Metals G
D A I L Y
B U Z Z
MCX Gold fell around 2 percent on Friday, its biggest one-day drop in over three weeks, as funds dumped bullion after resilient US jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year. The metal posted its first weekly drop in two weeks after Friday's selloff more than erased gains earlier this week. A sharp dollar drop and strong physical demand had lifted gold above $1,400 an ounce for most of this week. For the week, bullion eased 0.3 percent. The United States added 175,000 jobs last month after adding just 149,000 in April, reducing hopes of prolonged stimulus, and that weighed down on gold's inflation-hedge appeal. Spot gold was down 2.1 percent at $1,383.96 an ounce by 2:28 p.m. EDT (1828 GMT), having hit a low of $1,377.29, the lowest since May 28. U.S. Comex gold futures for August delivery settled down $32.80 an ounce at $1,383.00. The nonfarm payrolls report also showed that U.S. unemployment rate ticked a tenth of a point higher to 7.6 percent, but only because more Americans began to hunt for jobs Despite the sharp pullback in prices, trading volume was about 15 percent below its 30-day average, preliminary Reuters data showed.
Base Metals & Energy COPPER
D A I L Y
B U Z Z
Amid profit-booking by speculators and sluggish subdued demand, zinc futures prices today edged lower by 0.23 per cent to Rs 109.80 per kg. However, metal's gain at the London Metal Exchange, limited the fall. At the Multi Commodity Exchange, zinc for delivery in July shed 25 paise, or 0.23 per cent, to Rs 109.80 per kg, with a business turnover of 55 lots. The metal for delivery in June shed 20 paise, or 0.18 per cent, to Rs 108.75 per kg, with a business turnover of 1,455 lots. Lead prices fell by 0.327 per cent to Rs 125.30 per kg in futures trade today as speculators reduced exposures on subdued spot demand and a weak trend overseas. At the Multi Commodity Exchange, lead for delivery in June fell by 40 paise, or 0.32 per cent, to Rs 124.60 per kg in a business turnover of 2,621 lots. The metal for delivery in July also fell by a similar margin to Rs 125.30 per kg in with a business volume of 157 lots.
Agro Outlook DHANIYA
D A I L Y
B U Z Z
Cardamom prices rose by 1.89 per cent to Rs 703 per kg in futures trade today as speculators created fresh positions amid low stocks. Besides, restricted arrivals from producing regions also supported the rise in prices, traders said. On the Multi Commodity Exchange, Cardamom for delivery in June rose by Rs 13.10, or 1.89 per cent, to Rs 703 per kg, with a business volume of 1,086 lots. The spice for July delivery rose by Rs 5.80, or 0.80 per cent, to Rs 726 per kg, with a business volume of 841 lots.
Market Statistics M ETALS & ENERGY COMMODITY
SOYA REF OIL
Country GBP EUR
Data/Event Manufacturing Production m/m German Constitutional Court Ruling
Time of Release (IST)
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Published on Jun 10, 2013
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