Daily Commodity Pointer
23rd June 2021

Tracking Market
Jun 22 2021 ClosePrevCloseAbsChange
Re / $74.2974.140.15
Euro / $1.19401.19170.0023
Light Sweet73.0873.56-0.48
Gold $ / OZ-1778.901783.40-4.50
Silver $ / OZ-25.8326.02-0.19
$ / Yen110.65110.300.35

On Jun 23 2021
Events ETISTForecastPrev
Flash Manufacturing PMI8.4519.1561.562.1
Flash Services PMI8.4519.1570.070.4
New Home Sales9.0019.30864K863K
Crude Oil Inventories9.3020.00-3.6M-7.4M

Commodity LTPT1T2SLMarginTick
MCXMETLDEX14800 149501510014649440581

  Pivot Point - Agri/Non-Agri

Oil Steadies Near $73 With Report Pointing to Falling Stockpiles
Oil was steady in Asian trading after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook.
Gold ticks up after Powell pledges not to raise rates quickly
Gold prices gained on Wednesday after U.S. Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation, although an uptick in the dollar kept prices in check.
Dollar in retreat as Powell says Fed won't raise rates on 'fear' of inflation
The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off.
Base Metals
Global copper mine production up 3.7% in Q121
According to The International Copper Study Group (ICSG) Data indicates that the world copper mine production increased by 3.7% in the first three months of 2021, with concentrate production increasing by 5.5%.
Agri Commodity
Monsoon to remain weak for 7 days: IMD
India Meteorological Department (IMD) has declared that the monsoon has currently entered into a weak phase over Central, Peninsular and North-West India and will stay as such for over the next seven days.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 2124.62 crores, whereas MCX recorded a total traded turnover of Rs. 25376.88 Crores on 22nd June 2021.
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