Zinc – the fourth most consumed metal worldwide after iron, aluminium and copper is witnessing an uptrend with a four per cent week-on-week increase in global prices. There has been a similar hike in India, too. Zinc cash prices in the LME was at $3,896 per tonne up 4% and the three month contract price…
Arun Misra, CEO of Hindustan Zinc, Stating that Zinc prices are expected to stay “strong” and are not likely to come down very soon. One of the largest zinc–lead producers, said that there could, however, be some “fluctuations here and there”. In FY22, LME prices of zinc and lead were up 36.5% and 15.7% respectively….
Gold fell in Asia on Friday morning but advanced for the fourth week in a row. The U.S. has warned that any inflation will be intermittent and that the central bank will continue to support the economy. The yellow metal was elevated at the urging of Federal Reserve Chairman Jerome Powell. Gold futures were down…
Gold is heading for a third weekly uptrend, taking refuge in concerns about the proliferation of the Covit-19 category and the prospect of a long-term Deutsche monetary policy. Bullion is pulling back investors after a dark June, fearing the world’s exit from the epidemic could be more prosperous than expected. Renewed virus fears around the…
Gold fell in Asia on Thursday morning, hitting the US. As investors continue to digest the Federal Reserve from its latest policy meeting. The strengthening dollar and the lower U.S. Treasury yields and lower profits for the yellow metal. Gold futures were down 0.30% at $ 1,796.65. The dollar, which normally moves against gold, rose…
Gold reached a three-week high in Asia on Wednesday morning during the previous session. The U.S. The weak dollar has encouraged the yellow metal as investors await minutes from the Federal Reserve’s recent policy meeting. During the previous session, gold futures rose 0.25% to $ 1,798.60 from June 17. The dollar, which normally moves against…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Zinc prices in the global market are expected to remain stable over, $2,750 per ton. The rest of this year decreasing surplus, supply disorders including smelting, Chinese demand, and redemption in the world Economy. Zinc prices hit a three-year high of $ 3,085 per tonne last month but slipped after that. Currently, zinc three-month contracts…
Gold fell in Asia on Tuesday morning, following its losses following a month-long low during the previous session. Investors are looking to the U.S. for further clues on inflation and the central bank’s future monetary policy. Waiting for the Federal Reserve policy decision. Gold futures fell 0.12% to 8,863.60. The dollar, which normally moves in…
Copper relaxed on Thursday, raising concerns over price controls after Chinese officials promised to keep a tab on rising commodity costs. Three-month copper was down 0.3% at $ 9,949 a tonne on the London Metal Exchange CMCU3, while the most-traded July copper deal on the Shanghai Futures Exchange SCFCV1 was down 0.2% at 71,480. As…
