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Category Archives: Daily Commodity Market Levels

MCX COMMODITY MARKET NEWS & LEVELS – 10 AUG 2017

Gold holds gains in Asia with North Korea tension setting the tone.   Gold prices held early gains in Asia on Thursday with the market alert for more of the war of words between North Korea and Washington stoking geopolitical tension in the region. Gold prices spiked to one-week highs Wednesday, on the back of a

MCX COMMODITY MARKET NEWS & LEVELS – 09 AUG 2017

Gold gains in Asia on renewed risk sentiment on NKorea tensions.   Gold gained in Asia on Wednesday as geopolitical tensions on the Korean peninsula hit risk sentiment. North Korea said on Wednesday it is “carefully examining” plans for a missile strike on the U.S. Pacific territory of Guam, just hours after U.S. President Donald

MCX COMMODITY MARKET NEWS & LEVELS – 08 AUG 2017

Gold higher as weaker dollar spurs physical interest in China, India.   Gold prices edged higher in Asia on Tuesday with a weaker dollar bringing on physical buying interest in India and China, the world’s top two importers, ahead of China trade data later in the day. Overnight, gold prices traded slightly above breakeven on Monday,

MCX COMMODITY MARKET NEWS & LEVELS – 04 AUG 2017

Gold dips in Asia ahead of US nonfarm payrolls.   Gold dipped in Asia on Friday with nonfarm payrolls ahead expected to set dollar direction seen as crucial for overseas buyers from major importers such as India and China. Overnight, Gold prices traded slightly below break even but remained close to seven-week highs on Thursday

MCX COMMODITY MARKET NEWS & LEVELS – 03 AUG 2017

Gold dips in Asia as dollar fortunes eyed ahead of US jobs data.  Gold prices dipped in Asia on Thursday with the dollar in focus ahead of US nonfarm payrolls at the end of the week. Overnight, gold prices fell but remained near seven-week highs on Wednesday, after ADP data missed expectations, pressuring the dollar

MCX COMMODITY MARKET NEWS & LEVELS – 02 AUG 2017

Gold dips in Asia as focus swings back to Trump policies.   Gold prices dipped in Asia on Wednesday with the near-term focus on the dollar as the Trump administration’s struggles to find its economic and foreign policy footings. According to investing.com’s Fed rate monitor tool, just 30% of traders expect the Federal Reserve to hike

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