China and Australia are the world’s largest coking coal trading partners. The earnings of Indian steelmakers such as JSW Steel, Tata Steel, etc., are likely to increase in the coming months as the feedstock, coking coal, will continue to be cheaper. Coking coal prices are expected to fall as China …
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By: PTI | New Delhi | Updated: December 2, 2020 8:27:30 pm A farmer harvests rice by hand in a field in Gaya district, Bihar, India, on Friday, Oct. 23, 2020 (Photographer: Prashanth Vishwanathan / Bloomberg). China has started importing Indian rice after a two-year gap and has placed orders …
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The insatiable appetite for gold of Indian consumers, peppered with economic uncertainty over the years, has seen the yellow metal outperform equity markets over the past decade. From around 20,000 rupees per 10 grams in Dhanteras, a day considered conducive to buying gold and gold jewelry, in October 2010, gold …
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Gold maintained its strongly offered tone during the first North American session. The setup supports the prospects for an eventual break below the $ 1900 support area. The oversold conditions on hourly charts warrant some caution for bearish traders. Gold extended last week’s rejection slide from short-term downtrend line resistance …
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Gold (XAU / USD) broke consolidation mode to the upside, kicking off a great week on the front foot. New geopolitical concerns between Iran and the United States surpassed hopes for the vaccine and lifted the yellow metal. Politico reported that Iran is reportedly plotting to kill a US ambassador …
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MUMBAI: The long-awaited vehicle scrapping policy is in the final stages of approval and will be implemented within a month, Minister of Highway and Highway Transport Nitin Gadkari said on Saturday. “The policy of scrapping vehicles is very important for the reactivation of the automotive industry. I assure you that …
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The US dollar licks its wounds, still supporting the rise in gold. The ISM Employment Index and the Employment Index and Manufacturing PMI will improve. The technical setup still favors the XAU bulls. Gold (XAU / USD) has entered a consolidation phase in the European session, with new two-week highs …
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