The MCX turnover gainers during the week were copper, crude palm oil, iron ore, lead, mentha oil, nickel, potato, refined soya oil, silver, sugar and zinc. The open interest gainers were aluminium, crude palm oil, iron ore, lead, mentha oil, nickel, silver and zinc. ;
Oil Spikes, Middle East Unrest Contagion
U.S. stocks struggled after a sustained rise in the last six weeks. U.S. President Barack Obama proposed a $3.7 trillion budget with a deficit of $1.1 trillion. China’s January trade surplus shrank 55%. Brent Crude oil futures rose to a 2-year high as unrest spreads in the Middle East. Read More...
Gold Climbs, Silver at 30-Year High
Gold rose, silver gained to a 30-year high and palladium jumped to the highest price in almost 10 years on demand for precious metals to hedge against declines in other assets because of unrest in the Middle East. Read More...
Crude rises as Middle East protests go on
West Texas Intermediate crude and Brent moved in opposite directions. WTI for March delivery rose $1.37 to settle at $US86.36 a barrel when markets settled on the New York Mercantile Exchange (NYMEX). Read More...
Precious metal buying spree to continue; be cautious on energy, base metals
The US non-strategic petroleum reserves were higher by 0.9 million barrels at 345.9 million-barrel mark. The rate by China and inflation control measures triggered profit sales on industrials. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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