Gold trading has long been an attractive avenue for investors and traders, offering a haven in economic uncertainty. MCX gold and silver futures in the domestic market show downward trends, reflecting recent fluctuations in precious metal futures. This article delves into the current state of gold trading, highlighting key market facts and international trends that …
Gold Trading: Current Trends and Market Insights Read More »
In the realm of the India economy news, ANZ, a prominent bank, foresees India taking on a crucial role in the commodity market amid China’s growth slowdown and its potential repercussions on global commodity demand. India’s surging demand for commodities could significantly influence the global market landscape due to its driving factors and impact potential. …
India Economy News: India Commodity Market Boost Read More »
Russian President Vladimir Putin said that his country will deliver 25,000 to 50,000 tons of grain to African countries for free in three to four months. Addressing the Russia-Africa Economic and Humanitarian Forum in St. Petersburg, Putin criticized the West for not fulfilling the grain agreement. He pointed out that the initiative (grain agreement) should …
Putin Promised Free Grain on Russia-Africa Summit Read More »
The gold market, often regarded as a safe-haven investment, experienced a roller-coaster ride recently. After reaching weekly highs in Thursday’s deals, gold prices encountered profit booking ahead of the commodity market’s closing bell. The commodity futures contract for August 2023 expiry on the Multi Commodity Exchange (MCX) came close to ₹59,000 per 10 gm levels, …
The Gold Market: Profits Dip Amid Economic Surge Read More »
In the face of economic challenges brought about by the removal of fuel subsidies, Ogun State, under the leadership of Governor Dapo Abiodun, is taking proactive measures to enhance its economy and mitigate the hardship its citizens face. One such initiative is establishing a commodity exchange to stimulate agricultural value chain investment. This move is …
Ogun State Takes Bold Steps to Boost Agriculture Read More »
In China’s dynamic banking world, embracing technological advancements has always been a priority for financial institutions. Recent developments indicate that Chinese banks are now looking to adopt the digital yuan in more of their operations. In this article, we explore the implications of this move, with a particular focus on the Industrial Bank’s groundbreaking e-CNY …
Chinese Banks: Digital Yuan for Commodity Trading Read More »
Refined oil, a crucial commodity derived through fractional distillation of crude oil, holds significant importance in the global energy market. Recently, the commodity market has witnessed a notable surge in the export of refined products from the United States. This surge comes as US refineries reach full capacity following a heavier-than-normal maintenance season. Simultaneously, ongoing …
Refined Oil Exports Surge in the Commodity Market Read More »
The precious metals market has always been a realm of fascination and intrigue for investors and traders alike. Throughout history, gold and silver, as precious metals, have been revered for their value and allure to humanity. The gold-silver ratio influences the commodities market by comparing the relative prices of these two metals. In this article, …
Ammonia, a vital chemical compound used extensively in industries and agriculture, is subject to the ebb and flow of market dynamics. The commodity market witnessed significant fluctuations in ammonia prices during June, with the Atlantic Basin experiencing sharp declines due to various factors. On the other hand, Far East Asia saw a resurgence in ammonia …
Ammonia Price: Mixed Trend in the Commodity Market Read More »
Investors closely monitor market trends as the global economy evolves to make informed portfolio decisions. Among the various investment options available, energy commodities hold a significant position. In this article, we delve into the current state of energy commodities, focusing on the Nifty Energy Index and Nifty Commodities Index. We examine the bearish trend observed …
Energy Commodities: A Bearish Trend in the Market Read More »
As the number of travellers to Japan continues to rise sharply amid a weak Japanese yen, and outbound passengers from South Korea surge, the commodity trading landscape in Asia is experiencing significant shifts. However, the first half of 2023 has presented challenges for commodity trading companies as carbon prices across markets hit year-to-date lows due …
Commodity Trading Companies: Navigating Uncertainty Read More »
The commodity market trade oil is pivotal in the global economy, and Canada’s main stock index reflects its significance. As investors eagerly anticipate an expected Bank of Canada interest rate hike, the Toronto Stock Exchange’s S&P/TSX composite index witnessed a rise, primarily driven by the surge in oil prices. This article delves into the recent …
Trade Oil: Canada’s Energy Thrives on Higher Price Read More »
In the ever-evolving world of commodities, oil prices remain significant, impacting global economies and investor sentiment. Recent market developments have created a unique landscape where the interplay between tighter U.S. crude supplies and the prospects of a U.S. interest rate hike has left the market uncertain. In this article, we delve into the current state …
The hard commodities market has experienced a turbulent year, with sliding prices across various sectors, highlighting global economic challenges and potential recession risks. As the S&P GSCI Commodity index indicates, global commodity have witnessed a significant slump of over 25% in the past 12 months. In this article, we will delve into the performance of …
Hard Commodities Market: Navigating Turbulent Time Read More »
As the commodity markets continue to shape the global energy landscape, two key developments are capturing the attention of market participants. In the European Union (EU), gas storage sites are nearing their target capacity ahead of schedule. In contrast, Japan, one of the world’s largest importers of liquefied natural gas (LNG), faces potential disruptions to …
Commodity Brokers Perspective: Eu & Japan’s Outlook Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
