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Category Archives: Daily Commodity Market Levels

MCX COMMODITY MARKET NEWS & LEVELS – 22 JUNE 2017

Gold gains in Asia as Fed views change, weak dollar supports.  Gold prices rose in Asia on Thursday with a weaker dollar and revised views on the Fed hiking rates for a third time this year offered support. Overnight, gold prices traded above breakeven on Wednesday, as the dollar faded despite data showing that U.S.

MCX COMMODITY MARKET NEWS & LEVELS – 21 JUNE 2017

Gold gains in Asia on views for 3rd Fed hike this year.  Gold rose in Asia on Wednesday with Fed views on rate hikes for the rest of the year in focus with some expectations that inflation is not strong enough for a third hike this year as forecast. Gold futures continued to trickle lower,

MCX COMMODITY MARKET NEWS & LEVELS – 20 JUNE 2017

Gold points weaker in Asia on stronger dollar, Fischer awaited.  Gold pointed weaker in early Asia Tuesday on overnight gains in the dollar that make buying the greenback-denominated precious metal more expensive for key importers. Overnight, gold prices fell on Monday, weighed by an uptick in the dollar after upbeat comments on inflation from the

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 19 JUNE 2017

Gold on track to extend weekly losing streak despite dollar dip Gold prices remained unchanged on Friday, as safe haven demand remained subdued, despite a pair of disappointing U.S. economic reports raising concerns about the outlook of U.S. economic growth in the second quarter U.S. homebuilding fell for a third straight month in May to

MCX COMMODITY MARKET NEWS & LEVELS – 16 JUNE 2017

Gold gains slightly in Asia with focus on dollar prospects.   Gold rose slightly in Asia on Friday with sentiment subdued following the Fed rate hike and wavering fortunes for the dollar with investors focused on whether the Trump Administration can get back on track with its tax cut and stimulus policies in the face

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 15 JUNE 2017

Gold dips in Asia after Fed hike, but steady dollar offers support.   Gold dipped in Asia as a widely expected interest rate hike by the Federal Reserve provided room for caution, but the dollar failed to respond sharply giving room for support. Overnight, Gold prices came under pressure on Wednesday, after the Federal Reserve

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