India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading


Forex Brokers


Precious Metals Trading

Economic Data

Commodity Futures Trading


Live Forex Charts


World Gold Prices


Forex COMEX India

Contact Us


Bullion Trading Bullion Converter

$ Price :


Rupee :


Price in RS :

  More Links
Forex NCDEX India


Live Gold Prices

Price Quotes

Gold Bullion Trading


Forex MCX India


Gold Commodities


Forex Currency Trading


Indian Currency


Forex MCX India

Link Exchange

MK: Commodities Are Stable despite Rising US Dollar
After falling for two consecutive trading days and reaching one-month low price levels, crude oil prices rebounded in the early hours on January 11. The firmer dollar and doubts about the execution of oil producers’ output cuts weighed on the market since the beginning of the week. In the early hours, prices are stable as the market waits for crude oil inventory data from the U.S. Energy Information Administration. It’s scheduled to release the data today. The market is expecting a build in inventories of 1.2 MMbbls (million barrels). On Tuesday, the American Petroleum Institute reported a build in crude oil inventories by 1.5 MMbbls. It’s higher than the market’s expectations.

At 5:45 AM EST on January 11, the West Texas Intermediate crude oil futures contract for February 2017 delivery was trading at $51.20 per barrel—a gain of ~0.77%. The Brent crude futures contract for March 2017 delivery rose ~0.78% higher to $54.08 per barrel. The SPDR S&P Oil & Gas Exploration & Production (XOP) closed flat on January 10.

Metals are stable in the early hours of January 11 despite the firmer dollar. The firmer dollar weighs on the prices of dollar-denominated commodities such as copper and crude oil. After rising and reaching a one-month high on January 10, copper prices are stable in the early hours on Wednesday. Strong Chinese economic data and copper supply fears are supporting the prices. At 5:50 AM EST on January 10, the COMEX copper futures contract for March 2017 delivery is trading at $2.61 per pound—a gain of ~0.02%. The PowerShares DB Base Metals (DBB) and the SPDR S&P Metals & Mining (XME) rose 1.8% and 3.5 % on January 10.

Gold (GLD) is stable, while silver (SLW) is weaker in the early hours on January 11. Gold reached six-week high price levels as the market waits for Donald Trump’s press conference today. The market is looking forward to the press conference to forecast economic conditions in the US economy. At 5:55 AM EST, the COMEX gold futures contract for February delivery moved to $1,187.95 per ounce—a gain of ~0.21%. The silver futures contract for March 2017 delivery fell ~0.21% to $16.81 per ounce. Platinum is slightly higher, while palladium fell in the early hours on January 11.