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Category Archives: Daily Commodity Market Levels

MCX COMMODITY MARKET NEWS & LEVELS – 20 JULY 2017

Gold slides in Asia as greenback halts slide.   Gold continued to slide in Asia on Thursday after the dollar showed signs of stopping a long plunge that has taken it to multi-month lows. Gold prices have lost some upward traction as the US dollar halted a plunge but stayed around 10-month lows. The plunge

MCX COMMODITY MARKET NEWS & LEVELS – 19 JULY 2017

Gold marches higher as dollar collapses to 11-month lows.  Gold prices extended overnight gains in North American trade on Tuesday, as the dollar tanked after a second attempt by Republicans to replace Obamacare failed, delivering a major policy blow to the Trump administration. Prices settled higher for a second-straight session on Monday on bets that

MCX COMMODITY MARKET NEWS & LEVELS – 18 JULY 2017

Gold continues to gain ground on strong data, weak dollar.   Gold continue to gain ground on Tuesday in Asia a day after China reported strong second quarter GDP, industrial output and retail sales figures for June with industrial metal demand for housing and property development also in focus. A weaker dollar has helped shore up

MCX COMMODITY MARKET NEWS & LEVELS – 17 JULY 2017

Gold up in Asia with China data in focus.   Gold gained on Monday in Asia ahead of China second quarter GDP and industrial output and retail sales figures fro June with industrial metal demand for housing and property development also in focus. China released second quarter GDP growth with a gain of 1.7% that

MCX COMMODITY MARKET NEWS & LEVELS – 14 JULY 2017

Gold flat despite dip in the dollar.   Gold prices were unchanged on Thursday, as investors continued to cheer comments from Federal Reserve chair Janet Yellen suggesting that the pace of future rate hikes would be gradual while weak inflation data lifted sentiment. A day after Janet Yellen signaled future rate hikes would be gradual,

MCX COMMODITY MARKET NEWS & LEVELS – 13 JULY 2017

Gold up in Asia as USD weakens.   Gold continued climbing in Asia on Thursday, as investors backed away from the dollar following dovish testimony by US Federal Reserve Chair Janet Yellen and ongoing political concerns in the US.Gold has been rebounding this week, pushed up by a raft of news that pushed the dollar down

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