COMMODITIES

Commodity Online Jayant Deo, former MERC Member and an expert in energy sector, speaks about various issues that are being faced by the energy sector

U.S. copper futures ended with gains on Tuesday as traders speculated that the Federal Reserve's benchmark interest rate cut may increase demand for the red metal.

Commodity Online NEW YORK: In its biggest daily loss since 1991, world oil prices lose 4.53 dollars a barrel on Monday, after hitting a record high of 111.80 dollars a barrel.

NEW DELHI: In an attempt to reduce oil imports and to increase the domestic production of oil, the government has taken various measures, said the Minister for Petroleum Natural Gas Murli Deora in the Parliament today.

Gold futures closed higher on Tuesday ahead of the Federal Reserve's announcement to lower its target benchmark interest rate by 0.75 percentage points to 2.25 percent.

Commodity Online MUMBAI: The dream run by the precious metal along with silver seems to have ended at least for the time being as both suffered losses at the bullion market here on Tuesday.

Commodity Online Tracking global developments, standard gold in India gained Rs 385 per 10 gm to Rs 13,495, before hitting a new peak of Rs 13,560.

Crude prices rose on Tuesday on speculation that the U.S. Federal Reserve will cut interest rates today, sending the dollar down and spurring investments into commodities.

Japan Stocks rebounded Tuesday for the first time in four trading sessions due to buybacks of plunged issues by investors.

Coffee gained on Tuesday after roasters took advantage of a two-day, 12 percent price decline to replenish stockpiles.

Soybean and corn declined on Tuesday after the falling equity markets and credit market losses prompted investment funds to raise cash by selling commodities.

Commodity Online NEW DELHI: With gold prices on the rise, import of gold into India is falling. The country imported just 10 tonnes of gold in February as against 59 tonnes a year ago.

Commodity Online Indian spot gold prices hit Rs 13,495 per 10 gram in Mumbai on Monday. The international spot gold also increased by 3 per cent, touching $1,030.

By David GallandWhile almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it.

By Julian D W PhillipsIf interest rates fall to the extent that the housing market recovers, foreclosures cease on those who hold mortgage bonds, whose rates are set to climb, are moved to a healthy zone the market will recover its confiden

Commodity Online NEW YORK: Gold futures on Monday managed a modest gain when long liquidation pressure offset much of the safe haven strength that earlier pushed it to record highs.

By Dan Denning The biggest losers will be consumers everywhere. Global monetary policy is entering a new, highly accommodating phase.

U.S. Crude Oil prices dropped more than $4.0 a barrel on Monday on growing concerns about the economic outlook in the United States.

Natural gas dropped on Monday as crude oil prices declined and on forecasts for mild weather that will reduce demand for the heating fuel.

Soybeans and corn declined on Monday after falling equity markets and a credit crunch prompted investors to sell commodities to raise cash.

Gold futures hit a new record on Monday of nearly $1,034 an ounce before edging back down after the Federal Reserve cut the discount rate by a quarter of a percentage point after JP Morgan Chase & Co. agreed to buy the troubled investment bank, Bear Stearns.

U.S. crude futures fell from a record high on worries about a weaker demand in the United States, the top consumer of oil in the world.

Gold futures spiked to a new record of $1,009 an ounce in New York on Friday, as investors turned to the safe haven after news of a bailout from troubled investment bank Bear Stearns while the plunging demand increased demand for the precious metal.

Cocoa gained on Friday amid concerns that a strike by cocoa workers in Ivory Coast, the world's top cocoa producer will reduce supply.

Corn and soybeans declined on Friday amid speculations that a tumbling U.S. economy will reduce investor demand for raw materials and cut use of grains and oilseeds in bio-fuels and livestock feed.

Wheat declined after the U.S. Department of Agriculture said that export sales increased by 51 percent last week, increasing forecasts that importers have enough grain until the next harvest begins in June.

Gold futures in New York surged above the historic $1,000 an ounce benchmark on Thursday, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand, prompting investors to enter the bullion market. Silver and platinum also gained.

Oil prices rose slightly on Thursday after reaching a new record high of $111 a barrel as the dollar continued its steep decline.

Natural gas spot and futures prices generally increased this report week, as cold weather continued but showed signs of easing. During the report week, the Henry Hub spot price increased $0.32 per million Btu (MMBtu) to $9.69.