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Category Archives: Daily Commodity Market Levels

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 29 MAY 2017

Gold drifts weaker in Asia, shrugs off NKorea missile test.    Gold fell slightly in Asia on Monday, shrugging off the latest missile test by North Korea and drifting in trade with China, the U.S. and The U.K. markets shut for holidays. The U.S. economy grew faster than initially reported during the first three months

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 26 MAY 2017

Gold gains slightly in Asia with China demand in focus.    Gold prices posted mild gains in Asia on Friday with demand from China eyed on anecdotal reports flows via Hong Kong have waned in recent months. According to the Federal Reserve’s minutes for its 2-3 May meeting, released on Wednesday, most Fed officials said

MCX COMMODITY MARKET NEWS & LEVELS – 25 MAY 2017

Gold prices gain in Asia after Fed minutes set dovish tone.    Gold gained in Asia on Thursday as investors saw after the U.S. Federal Reserve May meeting minutes overnight as dovish in tone on the timing of the next rate hike. In a statement immediately following the release of its decision to keep its

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 24 MAY 2017

Gold weaker in Asia after Moody’s downgrade of China.    Gold dipped in Asia on Wednesday after Moody’s Investors Service on Wednesday downgraded China’s credit rating to A1 from Aa3, changing its outlook to stable from negative, citing expectations that China’s financial strength will erode somewhat over the coming years. Investors look ahead to the

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 23 MAY 2017

Gold ticks higher with U.S. politics, Fed speakers on the agenda.    Gold prices ticked higher in North American trade on Monday, kicking the week off with small gains as investors continued to assess the impact of the latest bout of U.S. political turmoil. In addition, a handful of Federal Reserve policymakers are due to

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 22 MAY 2017

Gold slightly weaker in Asia as Trump tour eyed, NKorea shrugged off.    Gold drifted weaker in Asia on Monday as Donald Trump’s first visits abroad as president were in focus with a flurry of deals signed in Saudi Arabia in the first stop and with investors shrugging off the latest missile test by North

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