Investment Tips

Copper futures ended higher on Friday. While London base metals rallied as disappointing US employment data was not enough to change investors’ overall bullish view of the US economy, and after China reported some progress in trade talks with the United States.   Copper futures for July delivery rose 0.2 percent to settle at $3.086 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended flat at $6,826 a metric ton.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Crude oil futures to their highest since November 2014, picking up 2.4% for the week, as rising worries over the economic crisis in Venezuela and possible new sanctions against Iran increased the potential for tighter global crude supplies and sent prices back to their highest settlement since late 2014. Venezuela and Iran are both members of the Organization of the Petroleum Exporting Countries. An OPEC survey conducted by S&P Global Platts showed Friday that the group’s crude production in April fell for a third straight month to a one-year low. It produced 32 million barrels a day last month, down 140,000 barrels a day from March, with the survey attributing the drop to Caracas falling output.    Benchmark crude oil futures for June delivery jumped by $1.29 or 1.90 percent to settle at $69.72 a barrel on the New York Mercantile Exchange. July Brent crude gained $1.25 or 1.70 percent to settle at $74.87 a barrel on London’s Intercontinental Exchange. ...

Wheat arrival in food grain state Punjab has crossed the 120 lakh tonnes mark this season, an official said here on Friday.    Progressive procurement of wheat by the state government agencies and the private traders is to the tune of 119.84 lakh tonnes out of the 120.30 lakh tonnes arrival in the mandis till May 3, an official spokesman of Punjab government said here on Friday.   Government agencies have procured 119.37 lakh tonnes of the wheat.    He claimed that over 88.1 lakh tonnes of wheat had been lifted from the grain markets so far.   Sangrur, Patiala and Ludhiana districts were leading in wheat arrival.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter.   The move is a sign that cost competition among gold ETFs is heating up after a price war in the much larger equities ETF sector slashed management fees. Gold ETFs allow buyers to invest in physical gold without having to buy and store the metal.   The council's SPDR Gold Trust , which launched in 2004 and trades using the ticker GLD, dominates the industry but its share of total bullion held by gold-backed funds has slipped below 50 percent from 75 percent at the start of the decade, Reuters data show.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Zinc trading range for the day is 196.3-207.9.   Zinc dropped tracking weakness in LME prices dropped 1.39% after sinking to $2,994, the lowest since Sept. 15 last year after treatment charges were agreed.   China’s zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 800 mt to 154,500 mt.   China has ordered three northern cities to stop approving new projects that would add to air pollution after they failed to meet air quality targets this past winter.   Warehouse stock for Zinc at LME was at 236775mt that is down by -225mt.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .