look news india
The dollar index will remain stable between 104–105. The dollar declined by 3.14% in March. Wales Fargo: Dollar fall is temporary. The tariff by Trump will accelerate. An increase of 1.5–11% is possible. The increase in the tariff rate is likely to increase the dollar. The possibility of recession in the US is 35%.
Gold prices appeared at a record level, where the costs were seen trading above $ 3140 on comex, while the prices in the local market were seen reaching the $ 91000 level, from yesterday, the possibility of mutual tariff from the US is getting support, with this, the price of gold is being increased in the first quarter of 2025.
Gold at record high
Comex traded over 3170 $ 3170. Trump’s policies were supported. Trump said that 25-50% tariff is possible on Russia. If Putin does not agree on the ceasefire, tariffs will be imposed. There will be attacks if Iran does not agree on the nuclear deal.
Silver also saw a positive rise and its price in the global market reached above $ 34, while the local market saw more than half a per cent strengthening and the business volume was more than 1 lakh.
In early trade, shopping was seen in all the metals including copper in the domestic market, where the best strength was seen in copper and zinc, although the price of copper in the global market was seen falling from the upper levels to the lower levels of 2 weeks, the US got pressure on the prices of the copper due to fear of tariff.
Copper trade in global market
Prices came to a 2 -week low. The sale of selling was encouraged by the US due to the possibility of tariff. BNP Pariba Copper prices will fall when the tariff is implemented.
Crude oil also continued to rise, Brent prices are moving to $ 75, while Nymex crude oil is turning to $ 72. Prices are getting support here due to Trump’s tariff policies and disruption of supply from Russia-Iran.
Crude oil business
Brent prices reach around $ 75. WTI will also trade around $ 71. This bounce came due to Trump’s policies. Trump is expected to impose 25–50% tariffs on Russia. If Putin does not agree on the ceasefire, tariffs will be imposed. There will be attacks if Iran does not agree on the nuclear deal.
In early trade, the prices of natural gas in the domestic market rose by more than half a percent to 354 levels.
There was a stir in the masala pack in the agriculture sector today, where turmeric rose by more than 5 percent, while cumin sold more than one percent, but the guar pack also recorded purchases.