Rudra Investment Profitable Commodity Tips Says, Due to the threat of a trade war between China and the US, the weakness in the metal has increased. Copper has lost yesterday's lead on the London Metal Exchange. At the same time, zinc is at the lower level of the last 10 months. Although light recovery in crude oil has come down due to the difficulty of supply to Libya, Brent's price has reached very close to $ 75. Nymex crude is trading at over 68 dollars.
Today, there is a very slow business happening in gold. In spite of geopolitical tension, the trend of investors has not increased in gold, and continuous withdrawal of gold ETFs in the last one month is going on. This year, the global gold ETF holding has dropped sharply by almost 3 percent. Although today there is a weakness in the rupee against the dollar and the price of one dollar is near 68.20 rupees.
Meanwhile, the monsoon is moving fast and good rains have been recorded in entire Maharashtra and also in Gujarat it has become active. Its presence has been in eastern India till Bihar and Jharkhand. However, during the entire season, there has been 12 percent less rainfall than normal in the whole country, in which there are concerns about Uttar Pradesh.
Rudra Investment Profitable Commodity Tips
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