Professional Documents
Culture Documents
com +919200009266
http://www.theequicom.com 09200009266
MARKET WRAP
http://www.theequicom.com 09200009266
MARKET NEWS
Spot gold added USD 4.06 an ounce to USD 1,471.05 by 0025 GMT after posting its biggest daily rise since June last year on Thursday. Gold plunged to around USD 1,321 on April 16, the lowest in more than two years, in a sell-off that surprised ardent gold investors and bulls. US gold futures for June delivery stood at USD 1,471.00 an ounce, up USD 9.00. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.25 percent to 1,090.27 tonnes on Thursday from 1,092.98 tonnes on Wednesday. The current holdings are at their multiyear lows. The dollar recovered from losses to trade higher against the euro on Thursday as resilience in the US labor market allayed some concerns about the nation's economic recovery, with many analysts expecting more gains ahead for the greenback.
Japans Nikkei average advanced in early trade on Friday after strong US company earnings and resilient labour market data boosted Wall Street, although the benchmark was holding just below the 14,000-mark, a level not seen since June 2008. Premiums for gold bars soared to multi-year highs in Asia after a spate of physical buying ran down supplies, with dealers in top consumer India expecting a surge in imports this month. This massive gap in global prices has lured a number of companies including petrochemical, steel, and fertilizer manufacturers back to the U.S., in hopes of capitalizing on cheap domestic energy. As these and other sources of demand grow, they will soon outpace supply and lead to a surge in prices, according to Grantham.
The recent increase in gas prices marks a departure from the weak pricing environment that has persisted over much of the past few years. As advances in drilling technologies allowed energy producers to coax massive quantities of natural gas from shale fields, an oversupply steadily built up, contributing to severely depressed prices for the fuel. In response, virtually every major U.S. energy producer curtailed gas ga drilling in favor of producing oil and, to a lesser degree, natural gas liquids.
http://www.theequicom.com 09200009266
BULLION
GOLD
OUTLOOK:
TREND : - CONSOLIDATE
SILVER
OUTLOOK:
TREND : - CONSOLIDATE
http://www.theequicom.com 09200009266
ENERGY
CRUDEOIL
OUTLOOK:
TREND : - CONSOLIDATE
NATURAL GAS
OUTLOOK:
TREND : - CONSOLIDATE
http://www.theequicom.com 09200009266
BASE METAL
COPPER
OUTLOOK:
TREND : - CONSOLIDATE
LEAD
OUTLOOK:
TREND : - CONSOLIDATE
http://www.theequicom.com 09200009266
ZINC
OUTLOOK:
TREND : - CONSOLIDATE
ALUMINUM
OUTLOOK:
TREND : - CONSOLIDATE
NICKEL
OUTLOOK:
TREND : - CONSOLIDATE
INTERNAIONAL MARKET
1475. .30 24.36 36 3.2185 2185 93.15 15 4.176 176 677.5 55 1465.0 00
54.0770 54. 01.3034 0 99.1300 9 00.9436 00.94 01.5433 01.5 01.0186 01.0
http://www.theequicom.com 09200009266
Theequicom is the leader amongst the share market advisory companies as they focus more on building the customer relations and has emerged as the company holding the most satisfied clients in a very less span of time. Theequicom is such an Advisory Company which has a team of the most experienced research analyst who are providing the best equity tips, commodity tips, stock future tips, agri tips, future and option tip on the basis of technical and fundamental analysis. For more information and details of the services provided by TheEquicom Financial Research Pvt. Ltd. Dont forget to visit our website here http://www.theequicom.com or call us for more details 09200009266
http://www.theequicom.com 09200009266
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits sui them the most. Sincere efforts have been made to present the right investment perspective. The informati information on contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility
http://www.theequicom.com 09200009266
http://www.theequicom.com 09200009266