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    Gold prices erased earlier gains to hit a fresh two-week low on Wednesday, as the U.S. dollar firmed after earlier losses amid growing expectations for higher interest rates in the U.S. this year. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery hit an intraday low of $1,184.10 a troy ounce, the weakest level since May 12, before trading at $1,186.40 during U.S. morning hours, down $1.30, or 0.11%.

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    Gold prices erased earlier gains to hit a fresh two-week low on Wednesday, as the U.S. dollar firmed after earlier losses amid growing expectations for higher interest rates in the U.S. this year. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery hit an intraday low of $1,184.10 a troy ounce, the weakest level since May 12, before trading at $1,186.40 during U.S. morning hours, down $1.30, or 0.11%.

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    © All Rights Reserved
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    9 views1 page

    Daily Report Commodities

    Uploaded by

    ekarup
    Gold prices erased earlier gains to hit a fresh two-week low on Wednesday, as the U.S. dollar firmed after earlier losses amid growing expectations for higher interest rates in the U.S. this year. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery hit an intraday low of $1,184.10 a troy ounce, the weakest level since May 12, before trading at $1,186.40 during U.S. morning hours, down $1.30, or 0.11%.

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    of 1

    COMMODITY SUMMARY 28.05.

    15
    MCX MARGIN
    Commodity

    Margin
    %

    Expiry
    GOLD

    Market Highlight
    Lot
    Value(Rs)

    Approx
    Margin
    (Rs)

    05-Jun-2015

    5.00

    2689200.00

    134460.00

    GOLDM

    05-Jun-2015

    5.00

    269170.00

    13458.50

    SILVER

    03-Jul-2015

    5.00

    1155300.00

    57765.00

    SILVERM

    30-Jun-2015

    5.00

    192645.00

    9632.25

    COPPER

    30-Jun-2015

    5.00

    394400.00

    19720.00

    NICKEL

    29-May-2015

    6.73

    203575.00

    13694.38

    LEAD

    29-May-2015

    5.63

    618250.00

    34813.85

    ZINC

    29-May-2015

    5.00

    697250.00

    34862.50

    ALUMINIUM

    29-May-2015

    5.00

    550750.00

    27537.50

    N. GAS

    25-Jun-2015

    7.32

    228125.00

    16689.98

    CRUDEOIL

    19-Jun-2015

    7.05

    372500.00

    26266.10

    MENTHAOIL

    29-May-2015

    7.43

    330876.00

    24574.21

    CPO

    29-May-2015

    5.00

    452800.00

    22640.00

    CARDAMOM
    COTTON

    15-Jun-2015
    29-May-2015

    6.57
    5.00

    83130.00
    399750.00

    5465.51
    19987.50

    SUPPORT AND RESISTANT LEVEL


    S2

    S1

    PP

    R1

    R2

    GOLD

    26756

    26816

    26896

    26956

    27036

    GOLD MINI

    26779

    26839

    26917

    26977

    27055

    SILVER

    38010

    38182

    38427

    38599

    38844

    SILVER MINI

    38005

    38187

    38436

    38618

    38867

    COPPER

    389.8

    391.8

    394.4

    396.5

    399.1

    NICKEL

    801.30

    812.4

    818.7

    829.8

    836.1

    LEAD

    122.2

    123.2

    123.8

    124.8

    125.5

    ZINC

    137.6

    138.85

    139.7

    140.9

    141.7

    ALUMINIUM

    107.7

    108.35

    109.5

    110.2

    111.4

    N. GAS

    178.3

    181.0

    184.5

    187.2

    190.7

    CRUDE OIL

    3640

    3677

    3733

    3770

    3826

    MENTHAOIL

    900.9

    905.2

    911.0

    915.3

    921.1

    CPO

    452.3

    453.9

    454.9

    456.5

    457.5

    CARDAMOM

    817.2

    830.5

    838.8

    852.1

    860.4

    POTATO

    15886.7

    15933.3

    15996.7

    16043.3

    16106.7

    COTTON

    26756

    26816

    26896

    26956

    27036

    COMMODITY

    Gold prices erased earlier gains to hit a


    fresh two-week low on Wednesday, as
    the U.S. dollar firmed after earlier losses
    amid growing expectations for higher
    interest rates in the U.S. this year.
    Expectations of higher borrowing rates
    going forward is considered bearish for
    gold, as the precious metal struggles to
    compete with yield-bearing assets when
    rates
    are
    on
    the
    rise.
    On the Comex division of the New York
    Mercantile Exchange, gold futures for
    August delivery hit an intraday low of
    $1,184.10 a troy ounce, the weakest level
    since May 12, before trading at $1,186.40
    during U.S. morning hours, down $1.30,
    or 0.11%.

    Crude oil prices edged up on Thursday


    morning after a two-day slide, although
    high U.S. stocks and strong global
    production, along with a firm dollar, were
    keeping markets under pressure.
    The increases followed two days of steep
    falls as a resurgent dollar weighed on the
    market amid concerns that U.S. crude
    supplies may have started rising again
    after three weeks of draws.
    Natural gas futures were lower in U.S.
    trade on Wednesday. On the New York
    Mercantile Exchange, Natural gas futures
    for July delivery traded at USD2.837 per
    million British thermal units at time of
    writing
    down
    0.44%.

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