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Category Archives: Daily Commodity Market Strategy

CAPITALSTARS – MCX NEWS UPDATE 22 July 2019

BULLION – Bullion counter may trade on sideways path. Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a sharp interest rate cut at the end of this month, while tensions in the Middle East limited losses for the bullion. Expectations

CAPITALSTARS – MCX NEWS UPDATE 19 July 2019

BULLION – Bullion counter may trade on upside path as gold prices rose to their highest in more than six years on Friday, supported by fresh tensions in the Middle East and comments from a top Federal Reserve official that cemented expectations of an interest rate cut. New York Fed President John Williams said on

CAPITALSTARS – MCX NEWS UPDATE 18 July 2019

BULLION – Bullion counter may trade on upside path as gold prices rose to their highest in two weeks on Thursday, as the dollar eased after weaker-than-expected U.S. housing data increased expectations for an interest rate cut by the U.S. Federal Reserve. The index had climbed to a one-week peak in the previous session on

CAPITALSTARS – MCX NEWS UPDATE 17 July 2019

BULLION – Bullion counter may trade on sideways to weaker path as gold prices edged lower on Wednesday, but still held above the psychological $1,400 level, as the dollar gained after robust U.S. retail sales tempered fears of a sharp downturn in the world’s largest economy. The Commerce Department said retail sales rose 0.4% last

CAPITALSTARS – MCX NEWS UPDATE 16 July 2019

BULLION – Bullion counter may trade on sideways to weaker path as gold prices were little changed in early Asian trade on Tuesday as investors awaited U.S. retail sales data due later in the day for further clues on policy easing from the Federal Reserve in the face of a global slowdown. The dollar index

CAPITALSTARS – MCX NEWS UPDATE 15 July 2019

BULLION – Bullion counter may trade on sideways path as some profit booking can be seen at higher levels. Gold prices held steady, as China industrial output grew 6.3% in June from a year earlier, official data showed on Monday, picking up from May 17-year low and handily beating market expectations. Retail sales for June

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