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Category Archives: Daily Commodity Market Levels

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 19 FEBRUARY 2020

Gold Surges Above $1600 Per Ounce Levels. Gold futures saw an impressive upmove as buying support stayed in place amid falling equities. The COMEX Gold futures rose to a two month high of $1605 per ounce, up marginally on the day. Demand was firm for safe-havens after iPhone maker Apple Inc’s revenue warning underscored the

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 18 FEBRUARY 2020

COMEX Copper Hits Two And Half Week Top. Copper futures gained sharply yesterday, hitting around two and half week high of $2.63 per pound amid steady equities and hopes of continued monetary stimulus from China as it tries to subdue the impact of Coronavirus epidemic that has killed more than 1,700 people. China’s central bank

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 17 FEBRUARY 2020

Crude Tests Rs 3700 Per Barrel On MCX. WTI Crude oil stayed well supported as a recovery from 13 month lows extended. WTI Oil surged above $52 per barrel while MCX Crude oil also broke above Rs 3700 per barrel. Oil rallied on the possibility of deeper supply cuts from the Organization of the Petroleum

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 13 FEBRUARY 2020

Gold Supported As Powell Indicates Use Of Quantitative Easing. COMEX Gold saw some buying after the US Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates indicating use of quantitative easing. COMEX Gold has been

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 12 FEBRUARY 2020

MCX Gold Sees Profit Selling. COMEX Gold futures eased on profit selling as equities surged and US dollar index saw a massive spurt, hitting four month highs. COMEX Gold futures are currently trading at $1571 per ounce, almost unchanged on the day. MCX Gold futures closed at Rs 40448 per 10 grams, down 0.57% on

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 11 FEBRUARY 2020

Gold Down Half A Percent In Asia. COMEX Gold saw a steady start to the week. Tepid global equities and nervousness following the coronavirus scare supported Gold. The World Health Organization (WHO) said the thousands of coronavirus cases in the Chinese city of Wuhan, the center of the epidemic, is likely just the tip of

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