Copper Futures Little Changed On Tight Supply Data

Copper futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal after data showing the metals’s shift to global a supply deficit.
According to the industry data released this week, the global world refined copper market showed a 5,000 tonne deficit in March, against 102,000 tonne surplus in February.
At the MCX, copper futures for June 2017 contract is trading at Rs 370.30 per kg, up by 0.03 per cent, after opening at Rs 370, against a previous close of Rs 370.20. It touched the intra-day high of Rs 370.75 (at 14:22 hours).
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Gold Prices Inches Up On Weaker Treasury Yields Dollar

On Thursday gold prices soared on the easing of the US dollar and flattered Us Treasury yields and it was lowest in the early decade.
In the previous session, it was soared by 0.3% and its spot gold soared 0.5% to USD 1,251.91 per ounce.For the August delivery it gained 0.6% to USD 1,253.10 per ounce.
On Wednesday the US Treasury yield curve it flattered 10 year low as the investors evaluated and its impact on the reservation policy and its inflation measures are deteriorating.
On Wednesday Dollar slipped from 1 month against a basket of currencies and investors books its profit on gains with that expectation of the US interest rates for this year.
The world’s largest gold backed ETF’s is the SPDR Gold Trust, surged to. 04% to 853.98 tonnes on this Wednesday.
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Subdued Physical Demand Drags Down Lead Futures By 0.29%

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a decline in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
the MCX, lead futures for June 2017 contract is trading at Rs 139.85 per kg, down by 0.29 per cent, after opening at Rs 140.05, against a previous close of Rs 140.25. It touched the intra-day low of Rs 139.85 (at 10:31 hours).
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Lead Futures Little Changed As Demand Ticks Up

Lead futures were little changed during morning trade in the domestic market on Tuesday as investors and speculators indulged in building up fresh bets in the industrial metal as physical demand picked up for lead, from battery-makers, in the domestic spot market.
Further, a surge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade.
At the MCX, lead futures for June 2017 contract is trading at Rs 137.10 per kg, up by 0.07 per cent, after opening at Rs 137.15, against a previous close of Rs 137. It touched the intra-day high of Rs 137.25 (at 10:16 hours).
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Uptick In Physical Demand Buoys Aluminium Futures

Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal amid surge in physical demand for aluminium at the domestic spot market.
Further, an increase in physical demand for aluminium at the domestic spot market was led by building up of fresh bets by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for June 2017 contract is trading at Rs 120.85 per kg, up by 0.50 per cent, after opening at Rs 120.75, against a previous close of Rs 120.25. It touched the intra-day high of Rs 120.90 (at 10:30 hours).
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Upsurge In Physical Demand Buoys Lead Futures

Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators indulged in building up fresh bets in the industrial metal amid uptick in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for June 2017 contract is trading at Rs 133.60 per kg, up by 0.38 per cent, after opening at Rs 133.80, against a previous close of Rs 133.10. It touched the intra-day high of Rs 133.90 (at 11:17 hours).
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Yellow Metal Shines As Dollar, Equities Slip

Gold futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal on boosting safe-haven appeal of bullion as Asian equities and the greenback weakened ahead of the UK’s election and the European Central Bank’s (ECB’s) meeting scheduled for Thursday. Besides, James Comey, former Chief of the US Federal Bureau of Investigation (FBI), is due to appear before a Senate committee for the first time on Thursday.
He was fired by the US President Trump last month, while leading a probe into alleged Russian meddling in last year’s US selection. At the MCX, gold futures for August 2017 contract is trading at Rs 29425 per 10 grams, up by 0.71 per cent, after opening at Rs 29280, against a previous close of Rs 29217. It touched the intra-day high of Rs 29445 (at 14:10 hours).
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