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Gold has been surprising traders after climbing on Monday to trade above the 1280 level, it has declined this morning to trade at 1268.60 giving up $6.70 in early trading. Silver is taking its cues...
Oil prices seem to have hit a wall of resistance on Monday. Over the weekend violence and tensions in Iraq turned into a civil war between two major religious factions as the US considers military...
US Dollar in Wait-and-See Mode at Key Trend ThresholdPrices paused for a breather after last week’s aggressive downturn. A move below resistance-turned-support in the 10474-95 area has...
After the high voltage action seen in the month of February this year the energy counter looks to gath-er fresh momentum once it unfolds from the current consolidation as the major trend remains...
Prices breached crucial resistances of Rs 6200/bbl and Rs 6310/bbl at MCX swiftly and closed the week above them, an indication that bulls are holding the steering tightly and may not lose to...
In the coming week prices might continue its upside movement and could able to recover some more of its strength where Rs. 27500/10 gms would be the upper level at MCX and $1290-1300/oz range...
Precious Gold resumed its drop for a second straight session after hitting its highest level in three weeks on Monday, ahead of Fed monetary meeting starting later in the day.The metal rose fell after...
Oil ticked slightly lower early Tuesday, earsing gains in the previous session amid speculation that exports from Iraq, the OPEC`s second-largest producer could be disrupted.The financial markets were...
Main scenario:Gold is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1277, which will be followed by reaching support level 1261 and...
Gold lower as per our last report and falling to $1240 area.However a bounce was very much needed from $1240 support zone and it is here. Now gold is trading around $1267 mark and as we can see...
• Russia puts pre-pay policy on Ukraine for gas• Ontario weighs on Canada's AAA rating• Northern Gateway announcement may support loonieThe FX markets are a tad nervous to start the...
Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical.Iraq is so important that in October of 2012 the International Energy Agency...
There’s a local bakery near my office I try to get to at least once a week. Sam and his wife own the bakery, and Sam is usually the one there serving espressos and cappuccinos to the many small...
In any escalation of political tension Oil and Gold are the two key commodities to watch. For oil, the breakout and surge higher was largely driven by events in Iraq coupled with supply issues at...
Crude OilWest Texas Intermediate and Brent crudes charted the biggest weekly gains this year as fighters extended their advance in Iraq, triggering concern of a return to civil war. Even with the...