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Category Archives: Daily Commodity Market Strategy

MCX COMMODITY EVENING NEWS UPDATES – 20 SEP 2017

Gold Prices Bounce Back on Softer Dollar Ahead of Fed – Gold prices bounced higher on Wednesday, as the U.S. dollar weakened ahead of the Federal Reserve’s highly-anticipated monthly policy decision due later in the day. Later Wednesday, the U.S. central bank was widely expected to leave interest rates on hold, but it was also

MCX COMMODITY EVENING NEWS UPDATES – 19 SEP 2017

Gold Prices Near 3-Week Lows Ahead of Fed Meeting, Trump Speech – Gold prices inched a bit higher on Tuesday, but remained within sight of their lowest level in around three weeks as investors looked ahead to a Federal Reserve policy meeting for any new insight on the timing of the next U.S. rate hike and clues

MCX COMMODITY EVENING NEWS UPDATES – 18 SEP 2017

U.S. oil prices hit $50 on rising refinery demand, falling rig count– U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey. “Demand forecasts

MCX COMMODITY EVENING NEWS UPDATES – 15 SEP 2017

Surprise Price Surge May Be Related to Oil Rally (NATURAL GAS) – Natural Gas futures spiked to a two-week high on Thursday before backing off into the close. The market inexplicably rallied enough to take out the recent top at $3.152 after the U.S. Energy Information Administration’s weekly inventories report came in higher than the

MCX COMMODITY EVENING NEWS UPDATES – 14 SEP 2017

Crude Oil Prices Ease But Hold on to Gains – Oil prices edged lower on Thursday, but held on the most of their gains from the previous session which came after data showing a record drop in gasoline inventories and indications that the oversupplied global market is starting to rebalance. On Wednesday, the International Energy

MCX COMMODITY EVENING NEWS UPDATES – 13 SEP 2017

Crude Oil Prices Slip on Bets for Bearish U.S. Supply Data –Crude oil prices edged lower on Wednesday, amid speculation weekly supply data due later in the session will show a larger-than-expected gain in U.S. crude stockpiles as Hurricanes Harvey and Irma weighed on demand. After markets closed Tuesday, the American Petroleum Institute said that

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