On the Multi Commodity Exchange, nickel contracts for August delivery traded down by Rs 11.30, or 1.09 percent, to Rs 1,027.80 per kg with a business turnover of 1,433 lots. Quick Links (This July 30 story officially corrects paragraphs two and four to remove reference to record Q4 profit, after ADM says CEO misspoke and meant record exports, not profit)Slumping oil and gas prices as a result of the pandemic and the volume war earlier in the year between Saudi Arabia and Russia have slashed employment in the U.S. oil and gas fields at some of the fastest rates on record.Chile´s copper output fell in June for the first time since the coronavirus pandemic landed in the world´s top producer of the red metal, dropping 0.6% to 472,172 tonnes, according to data released on Friday by government statistics agency INE.Glencore expects its trading arm to hit the top end of its operating income target this year, the commodities giant said on Friday, after it took advantage of oil market gyrations caused by the COVID-19 pandemic.Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second COVID-19 wave could slow the pace of recovery, a Reuters poll showed on Friday.Australian tin producer Metals X on Friday said it has allowed a number of shortlisted parties interested in buying its copper portfolio to undertake due diligence and submit final bids for the projects.Spanish automotive fuel consumption plummeted 40.3% between April and June versus the same period a year earlier to its lowest level since 1996 as measures to curb the coronavirus restricted people's movement globally, data showed on Friday.China's state planner said on Friday that it will encourage foreign investment in livestock and poultry breeding, as well as plant-based meats substitutes, from this year.Europe's been eating more fruit under lockdown, by all accounts. Features Top 5 ETFs For Investing In Renewable Energy SEA has claimed that putting quantitative restrictions will lead to flooding of the palm oil imports into the country.Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to $1,970.70.U.S. Analyst Activity
Stay informed with daily content from across Farm Journal's properties. The group will either have to consider further production cuts or tolerate lower oil prices for longer.According to a report from World Gold Council in its Q2 2020, demand for gold India for Q2 2020 fell by 70 percent to 63.7 tonnes from 213.2 tonnes in the corresponding period last year.In the futures market, crude oil for August delivery touched an intraday high of Rs 3,100 and a low of Rs 3,041 per barrel on the MCXIn the futures market, natural gas for August delivery touched an intraday high of Rs 144.40 and an intraday low of Rs 141.70 per mmBtu on the MCXIn the longer run, there is no doubt that both net managed positions in gold and silver will reach another historical high as the outlook for the global environment is likely to be highly inflationary.In the futures market, silver for September delivery touched an intraday high of Rs 65,370 and a low of Rs 61,945 per kg on the MCX. ... US-China tensions weigh on markets Jul 27, 2020, 08:50 AM IST. Read more latest news about Gold, Silver, Crude Oil prices & more commodities on Economic Times. For reprint rights: Move your mouse over a commodity name to view latest news and intraday chartYou can switch off notifications anytime using browser settings. Commodity Markets Center ... AgWeb is the farmer’s source for agriculture news online.
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