The overall gold prices will go higher by the end of the year and cyclical metals including silver may start outperforming gold going forward, says Georgette Boele, Global Head FX and Commodity Strategy at ABN.
According to Angel Commodities , We expect cotton prices may trade sideways to higher due to limited supplies of quality cotton and on reports of lesser sowing in north In dia coupled with lower supplies of good quality stock in the physical market.
According to Angel Commodities , We expect turmeric prices to trade sideways to lower due to arrivals in rains in turmeric sowing areas. Steady demand from traders and stockists and arrivals of medium quality turmeric is pressurizing the prices.
According to Angel Commodities , We expect Jeera futures to trade sideways to lower due to want of any major export orders. Currently , prices looking to consolidate downwards as market players are expecting little less export demand in coming months as monsoon may hit India next month.
According to Angel Commodities , We expect chana prices to trade sideways to lower on anticipation of little correction from higher levels. However, lower stocks an d higher demand from millers in the domestic market may support prices at higher levels.
According to Angel Commodities , We expect Soybean prices to trade sideways to down, as supplies have improved in the physical market . Moreover , anticipation of higher production next season on forecast of good monsoon may keep prices in check.