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Category Archives: Daily Commodity Market Levels

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 14 JUNE 2017

Gold prices unchanged as the Fed’s two-day meeting kicks off.    Gold prices traded at break-even on Tuesday, after expectations that the Federal Reserve will increase interest rates on Wednesday weighed on gold, as the precious metal struggled to capitalise on a slump in the dollar. Gold prices traded at break-even on Tuesday, after expectations

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 13 JUNE 2017

Gold mostly flat in Asia as investors cautious ahead of Fed policy views.    Gold prices barely moved in Asia on Tuesday with attention on the Federal Reserve and demand prospects for the precious metal as it moves to normalize monetary policy. Gold prices barely moved in Asia on Tuesday with attention on the Federal

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 12 JUNE 2017

Gold down in Asia with Fed meeting this week in focus.    Gold prices fell in Asia on Monday with views ahead of the June policy review by the Fed key for the precious metal. In the week ahead, investors will be turning their attention to Wednesday’s Federal Reserve policy meeting, where the central bank

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 09 JUNE 2017

Gold gains in Asia as turmoil from UK election threatens Brexit talks.  Gold rose in Asia on Friday as markets stood on edge for a hung parliament after the U.K. election, plunging efforts to hold talks later this month on an exit from the European Union into potential chaos. Meanwhile in Europe, the European Central

MCX COMMODITY MARKET NEWS & LEVELS – 08 JUN 2017

Gold steadies as dollar eases from highs.    Gold steadied on Wednesday, supported by a drift lower in the dollar, as investors anticipated a flurry of potential risk events that could spur volatility and uncertainty, increasing demand for safe havens. The report comes a day ahead of the ECB interest rate decision and press conference

MCX COMMODITY MARKET NEWS & LEVELS – 07 JUN 2017

Gold down in Asia as investors sit on sidelines for ‘Super Thursday’.    Gold trended weaker on Wednesday in Asia as investors braced for a big day on Thursday with the European Central Bank, testimony by fired FBI chief James Comex and the U.K. election. Overnight, gold rose to seven-week highs on Tuesday, as safe-haven demand

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