- Lead futures jumped by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers in the domestic spot market.Worries over the fallout of Brexit on the global economy eased after central banks pledged to support financial markets by signaling looser monetary policy improving metal demand outlook.
- Gold prices jumped over 1% on Friday, still hovering close to the previous week’s 27-month highs as continued uncertainty following the Brexit vote and concerns over a slowdown in China lent support to the safe-haven precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery rallied 1.08% to $1,334.90.The August contract ended Thursday’s session 0.47% lower at $1,320.60 an ounce.
- Natural Gas futures climbed during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a smaller than expected US stockpile build last week signaled a pickup in demand for the power plant fuel in the world’s biggest gas consuming nation.
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