Gold prices steady, set for best year since 2010

Gold prices were steady on Tuesday, holding below a more than two-month peak hit in the previous session, as weakness in the dollar countered optimism about the United States and China signing an interim trade deal soon. FUNDAMENTALS Spot gold was little changed at $1,515.23 per ounce by 0044 GMT. Prices hit their highest since Oct. 25 at $1,516.20 in the previous session. U.S. gold futures were unchanged at $1,518.30. Gold...

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Crude oil trading range for the day is 4357-4459

Crude oil on MCX settled up 0.3% at 4416 boosted by hopes that the China-U.S. trade fight would soon come to an end and by a report showing lower U.S. crude inventories. China said it was in close touch with the United States on a trade deal signing ceremony, after U.S. President Donald Trump said a day earlier that he and Chinese President Xi Jinping will hold a ceremony to sign the Phase 1 trade deal. Trading Ideas: * Crude...

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Cotton trading range for the day is 18720-19300

Cotton on MCX settled down by -1.04% at 18950 due to improved sowing, higher imports and weak international prices. CCI procured 13.78 lakh bales in total across India, buying the large quantity of 8 lakh bales from Telangana followed by 2.2 lakh bales from Punjab, Haryana and Rajasthan. Around 1.82 lakh bales were procured from Maharashtra, 71,500 bales from Gujarat and the minimum purchases of 23,000 bales were reported from Andhra Pradesh. Trading...

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Stocks hover near record highs, gold breaches $1,500

Gold surged past $1,500 an ounce and a gauge of global equity markets hovered near record highs on Tuesday in a year-end rally spurred by hopes of a U.S.-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism. President Donald Trump said he and Chinese President Xi Jinping will sign the initial phase of the pending trade pact in a ceremony, the latest remarks by the U.S. leader to flag the deal is close...

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CPO trading range for the day is 734.6-748.8

* CPO trading range for the day is 734.6-748.8. * Crude palm oil dropped on profit booking after prices gained fuelled by concerns over lower stockpiles due to seasonal declines. * Poor rainfall in top producers Indonesia and Malaysia earlier this year is likely to curb yields of the tropical oil in the first half of 2020. * Exports of Malaysian palm oil products during Dec. 1-15 fell between 15.5% and 18.6% from a month earlier, data...

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Oil declines, but losses limited as U.S.-China near trade deal

Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying an agreement would be signed "very shortly". Brent crude was down 15 cents, or 0.2%, at $65.99 a barrel by 0306 GMT. West Texas Intermediate was also down 15 cents at $60.29 a barrel. A so-called phase one deal was announced earlier in December as part of...

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Punjab heads towards record production of cotton

Punjab is expected to see a record production of cotton this year at 18.20 lakh bales against last year's 12.23 lakh bales, state agriculture officials said on Thursday. With this, an average production per acre crossed the 10 quintals per acre mark. Last year there was an average production of 9.31 quintals per acre. Chief Minister Amarinder Singh has congratulated the farmers, especially from the Malwa belt, for record production of cotton,...

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