Gold ends 2019 on shiny note; may hit Rs 45,000 per 10 gram in 2020

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Gold is set to remain more expensive in the New Year as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram, says a PTI report. Thanks to various government policies and soaring stock market, gold witnessed periodic as well as steep price fluctuations in […]

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Global copper deficit estimated at 390,000 tonnes in 2018: ICSG

The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase in world mine production of about 460,000 t copper was principally due to […]

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Global LNG demand hit 265 MT in 2016; multiple factors to determine prices – Shell

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World liquefied natural gas (LNG) prices are expected to continue to be determined by multiple factors, including oil prices, global supply and demand dynamics and the costs of new facilities, Shell said in its first LNG Outlook. However, the growth of LNG trade has evolved into helping meet demand when domestic gas markets face supply […]

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Commodities woes lowers growth forecasts, but no global recession – Fitch

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Despite widespread downward revisions to growth forecasts, the biggest for emerging market commodity producers such as Brazil, Russia and South Africa, the global growth outlook is still considerably above the recession territory, Fitch Ratings said. “The investment slowdown in China and sharp expenditure compression in major commodity producing countries continue to reverberate around the world […]

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