CapitalStars are Provide Research Calls On All Segments Of Share Market Like Free Commodity Tips,  base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Gold hovered below a 3-1/2-month high on Friday after strong U.S. inflation data supported the dollar, but the metal was set to post its biggest weekly jump in four weeks on bets the Federal Reserve will not hike interest rates this year. The data provided some relief to the dollar, which has been battered by a run of poor U.S. indicators, helping it move away from seven-week lows hit earlier in the week. Many Fed watchers are exasperated by the mixed messages from the U.S. central bank in recent weeks. Fed Chair Janet Yellen and other officials have said they expect a rate hike will be needed by the end of this year, but two Fed governors this week urged caution.

BASE METAL

copper
LME copper dipped to USD 5,280/mt due to US dollar rise but later rolled back all the losses, tracing crude oil prices, to end at USD 5,325.5/mt, up by USD 19.5/mt. Both positions and trading volumes posted a growth. LME copper stocks extended losses. China September new loans surge to RMB 1.05 trillion but M2 supply growth slows to 13.1% YoY, leaving room for additional pro-growth measures. Economic figures from US are mixed and crude oil price volatility intensifies. LME copper should move in USD 5305-5,355/mt during Asian trading hours. India-born Vedanta Resources has no plan for zinc output cut, according to the company’s Chief Executive Officer.
ENERGY NEWS

energy

Crude oil futures rose on Friday to snap a week-long fall, as U.S. gasoline and distillate inventories dropped more than expected. Oil markets were also supported as Asian shares got a bright start on Friday, catching some of Wall Street’s shine after upbeat U.S. price and jobless claims data calmed some recent concerns about the strength of the U.S. economy. Meanwhile, investors are waiting for China’s latest economic growth data scheduled to be released on Monday.