WEEKLY BULLION REPORT-18 Aug 2014 To 23 Aug 2014

GOLD
Gold tumbled the last day of the week after climbing on geopolitical tensions after the Polish Ambassador said that Russia was mounting troops on the Ukraine border and President Putin responded to US sanctions with his own sanctions. Gold climbed to a three-week high after US President Barack Obama authorized air strikes in Iraq, and the metal looked set to post its best week in seven as global geopolitical tensions spurred safe-haven demand. Bullion also got a boost from a drop in Asian share prices on growing fears that conflicts in Ukraine and the Middle East could sap global growth. The 10-year US Treasury yield hit a 14-month low and the dollar slipped against the safe-haven yen, showing increasingrisk-aversion in financial markets. Gold fell, pressured by a lack of physical buyers and gains on Wall Street, but a US air strike in Iraq and tensions in Middle East supported prices, which stayed above $1,300 an ounce. Gold was up around 1% for the week, its first weekly increase in four weeks. In early trade, gold rallied to a three-week high on news US aircraft bombed Islamic fighters marching on Iraq’sKurdish capital of Arbil.According to the World Gold Council’s latest estimate, global gold demand fell 514.7 metric tons in 2013, or 11.2%. That was enough to blast gold down 27.9%to its worst annual performance in nearly a third of a century. The problem wasn’t traditional bar-and-coin investment, which soared 31.1% higher last year to 1780.6t. Gold plunged solely because global ETF demand plummeted to negative 879.8t in 2013.

SILVER
Silver took a major turn after climbing on safe haven trades to end theweek at 19.903 down by 87 points. Bullion also got a boost from a drop in Asian share prices on growing fears that conflicts in Ukraine and the Middle East could sap global growth. The 10-year US Treasury yield hit a 14-month low and the dollar slipped against the safe-haven yen, showing increasing risk-aversion in financial markets.

CRUDE OIL
Crude Oil recovered 12 cents after several days of declines to trade at 95.70 reaching the EIA projected average price for 2014. Brent Oil recovered 33 cents after touching a 2014 low and remains weak at 102.40 as the world supplies shows a glut of oil available as the US produces more and global hot spots continuing production. In June, the price of Brent crude oil hit $115 a barrel, an eight-month high. But the spike didn’t last long. This week, oil was down at an eight-month low, below $104. The Islamic State insurgency in Iraq had fuelled fears of major supply disruptions, but the jihadists’ stronghold is largely confined to the north of Iraq, and Iraqi exports come mostly from the south. Meanwhile, the start of air strikes last week should weaken the Islamic State’s position,further reducing the odds of supply disruptions. The IEA , which oversees energy use in the west, believes that prices will continue to fluctuate in line with patterns that heating oil users have seen in previous years. “Despite armed conflict in Libya, Iraq and Ukraine, the oil market today looks better supplied than expected,with an oil glut even reported in the Atlantic basin,” the IEA said in its monthly report. US and European Union sanctions on the Russian oil sector are not providing oil markets with much support either. The consensus in the industry seems to be that neither set of sanctions will have any tangible near-term impact on supplies. The IEA said that even for the medium term, the impact of political uncertainly on oil prices appears “questionable”. “The market appears confident that the Organisation of the Petroleum Exporting Countries can deliver the production increase needed from it to meet rising demand expected in the second half of the year.

NATURAL GAS
Natural Gas is trading at 3.836 down 70 points continuing the weekly down trend.Weather forecasts earlier in the week called for hot temperatures increasin residential demand, but when natural gas was unable to break the resistance at the $4 mark traders reversed course and sold to book profits. Generally in the summer demand for natural gas spikes as utilities react to increased loads from air conditioners. This summer has been like this past winter — cooler than normal. In fact, this summer is flirting with record cool temperatures across many cities across the US, and that has reduced the demand for natural gas. This has meant that inventories are recovering faster than expected, and that has reduced the fear premium that existed in early spring. Gas inventories are still below normal for this time of year, but the potential for more cool weather has investors betting that inventories will be in good shape once high demand season begins. A fresh public opinion poll reveals that natural gas production from shale enjoys widespread backing across the country, with more than three times as many supporting production than opposing. The issue of shale gas production, by hydraulic fracturing of rocks (‘fracking’), has provoked strong responses, with opinions divided on key issues such safety and potential damage to the environment. Support for shale gas development alongside renewable energy: 59% would be willing to see natural gas from shale production go ahead as long as it forms part of a mix that includes renewable energy sources, with only 12% disagreeing.

COPPER
Copper recovered 7 points but remains near a recent low after topping 3.27 last month the commodity is trading at 3.098 unable to recover after the finance scandal in China and continued worries over Chinese demand and lackluster data as of late. Metals moved lower on Thursday on the heels of weaker than expected figures on gross domestic product out of France and Germany, which set off a bit of a landslide in market commentary highlighting the need for the European Central Bank to step up its easing measures. As well, reports that France and the UK might act to arm Iraq’s Kurds may also have added to the downward pressures on prices.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips..
http://www.capitalstars.com/services.php 

20 comments:

  1. Crudeoil trading range for the day is 5602-5780. Crude oil prices dropped as a strong dollar and plentiful supplies continued to pressure prices, derived from Epic research.

    ReplyDelete
  2. This is useful content. really apreciate it! Please Visit Our Webpage:
    http://thebusinessplace.in/
    We are expert in Handling, Movers Packers in Pune and Packing & Shifting of Household Goods, Office goods, Commercial Equipment and Car, Logistics and Transportation.

    ReplyDelete
  3. nice post i really enjoyed to read your post Thanks for share...!!
    Local Packers and Movers Bangalore address, website, contact no. Packers and Movers in Bangalore very affordable price
    http://packers-and-movers-bangalore.in/

    ReplyDelete
  4. Thanks for sharing such a informative article. I hope that this post is really useful for the people who looks for this. Also please check the below links:
    http://packersmoversahmedabad.co.in/
    We are expert in Handling, Movers Packers in Ahmedabad and Packing & Shifting of Household Goods, Office goods, Commercial Equipment and Car, Logistics and Transportation.

    ReplyDelete
  5. Packers And Movers in Bangalore offer gifted experienced works that works for your loved articles from kitchen utensils to all you're eating articles, show pieces and glass products. Particularly glass articles are at higher risk of breaking. In the event that we guarantee you the uneasiness detached migration then acknowledges as valid with us for the same.
    Thanks a lot for sharing a valuable information,I am very thankful to you for the great efforts you made.
    http://packersmoversbangalore.in/
    http://blog.packersmoversbangalore.in/
    http://packersmoversbangalore.in/packers-and-movers-bangalore-to-pune

    ReplyDelete
  6. Packers and Movers Delhi
    Nice blog.. thanks for sharing a nice blog.. its very interesting and useful for me....please visit my website i assure you that it will benefit you..!!
    http://packers-and-movers-delhi.in/packers-and-movers-desh-bandhu-gupta-road-delhi
    http://blog.packers-and-movers-delhi.in/

    ReplyDelete
  7. Thanks for sharing such a valuable information.Im very thankful to you that you had given me this opportunity to write on this blog.please visit our website I assure you that it will be very useful for you.
    http://packersmoverschennai.in/
    http://packersmoverschennai.in/packers-and-movers-indian-institute-of-technology-chennai
    http://packersmoverschennai.in/packers-and-movers-kalmandapam-chennai

    ReplyDelete
  8. Packers and Movers Kolkata is safe to say that you are looking for an in number, contributed and advertise unmistakable pressing and moving affiliation? In the event that so then you're looking for best packers and movers winds up here with Packers An Movers Kolkata who are great and excitedly prepared to serve you with brilliant essentials and eagerness. This most dependable association is known all over Kolkata for its endeavors with respect to our administrations given to customers
    http://kolkatapackersmovers.in/
    http://kolkatapackersmovers.in/packers-and-movers-bartala-kolkata

    ReplyDelete
  9. I really enjoyed reading your blog, you have lots of great content.Please visit here:
    http://packers-and-movers-gurgaon.in/
    http://packers-and-movers-gurgaon.in/packers-and-movers-agon-gurgaon
    Gurgaon Packers And Movers is recognized as a business manager providing wide-ranging and differentiate service appearance as well as Relocation Shifting.Packers And Movers Gurgaon

    ReplyDelete
  10. Nice blog.. thanks for sharing a nice blog.. its very interesting and useful for me....please visit my website i assure you that it will benefit you..!!
    Working with us will reliably come to fruition into encompass. Numbering us with your development is practically as "What finish off an officially good thing". These are not our words these are the reviews composed by Packers Movers Hyderabad customer to our site.
    http://packersmovershyderabadcity.in/

    ReplyDelete
  11. Thanks for sharing useful information for us.I really enjoyed reading your blog, you have lots of great content.Please visit here:
    http://jaipurpackersandmovers.in/
    Packers And Movers Jaipur based company provided that Movers And Packers Jaipur Services for Office, Home, Local or domestic and commercial purposes.

    ReplyDelete
  12. Packers and Movers in Chandigarh Gives Arrangement of Migration Troubles
    There are a wide range of migration administrations are given in #Chandigarh and whatever issues in regards to #moving to new premises help you to overcome from whole #moving bother uninhibitedly.
    Packers And Movers Chandigarh
    http://chandigarhpackersandmovers.in/packers-and-movers-jalandhar

    ReplyDelete
  13. Thanks for sharing useful information for us.I really enjoyed reading your blog, you have lots of great content.Please visit here: Packers And Movers Bhubaneswar

    ReplyDelete
  14. Packers And Movers Mumbai
    We have all things considered accumulated a portion of the #best experts of this industry so you could profit the most ideal administrations inside of the speedy edge of time and this exertion took from us is then again prospering the matter of Packers and Movers Mumbai.
    http://packersmoversmumbaicity.in/packers-and-movers-sangli-maharashtra

    ReplyDelete
  15. I really enjoyed reading your blog, you have lots of great content.Please visit here:http://packersmoverspatna.in/

    http://packersmoverspatna.in/packers-and-movers-gaya

    http://packersmoverspatna.in/packers-and-movers-begusarai

    Packers And Movers Patna

    based company provided that Movers And Packers Patna Services for Office, Home, Local or domestic and commercial purposes.

    ReplyDelete
  16. Packers And Movers Bhopal Thanks for sharing. I hope it will be helpful for too many people that are searching for this topic.please visit Local Packers And Movers Bhopal | Household Shifting @
    For more details visit are website..
    http://packersmoversbhopal.in/packers-and-movers-indore

    ReplyDelete
  17. really a very nice blog i appreciate all efforts of this
    Welcome to the online registry of packers-movers-bangalore.in. Here individuals can discover reliable Packers And Movers Bangalore Individuals who are searching for an expert help while #moving their #family #unit/#office or #business spot can discover such experienced #pressing organization in this entryway.
    http://packers-movers-bangalore.in/

    ReplyDelete
  18. I am really enjoying reading your well written articles. I think you spend numerous effort and time updating your blog.Please keep up the good articles!
    please visit our official website for further details-
    http://lucknowpackersandmovers.in/
    http://lucknowpackersandmovers.in/packers-and-movers-bast
    http://lucknowpackersandmovers.in/packers-and-movers-chitrakoot
    Henceforth, it is yet evident that expert Movers and Packers in Lucknow will make your turn totally pressure free; whether you need to move inside of Lucknow or need to move to another city of #India.

    ReplyDelete
  19. Thanks for sharing useful information for us.I really enjoyed reading your blog, you have lots of great content.
    Packers And Movers Banadia Indore
    Packers And Movers Baoliakhurd Indore
    Packers And Movers Barlai Jagir Indore

    ReplyDelete
  20. A debt of gratitude is in order for contributing your essential time to post such a fascinating and valuable accumulation. It would be learned and assets are dependably of extraordinary need to everybody. If it's not too much trouble keep sharing.
    comex trading signals
    commodity signals
    Bullion tips

    ReplyDelete