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Category Archives: Daily Commodity Market Strategy

MCX COMMODITY EVENING NEWS UPDATES – 29 MAY 2017

Oil – Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply. “They increased expectations to

MCX COMMODITY MARKET MORNING UPDATES – 29 MAY 2017

Gold  – Gold held steady on Thursday as the dollar weakened after minutes from a U.S. Federal Reserve meeting suggested that the central bank could take a more cautious approach to interest rate increases. Fed policymakers had agreed at the meeting that they should hold off from raising rates until it is clear that a

MCX COMMODITY EVENING NEWS UPDATES – 26 MAY 2017

CRUDE OIL – Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC-led decision to extend current production curbs did not go deeper. The problem is that investors look at the impact today, while OPEC focuses on reaching stability in the coming six to

MCX COMMODITY MARKET MORNING UPDATES – 26 MAY 2017

Gold  – Gold held steady on Thursday as the dollar weakened after minutes from a U.S. Federal Reserve meeting suggested that the central bank could take a more cautious approach to interest rate increases. Fed policymakers had agreed at the meeting that they should hold off from raising rates until it is clear that a

MCX COMMODITY EVENING NEWS UPDATES – 25 MAY 2017

GOLD – Gold prices rose on Wednesday as the dollar slipped and minutes of the Federal Reserve’s last policy meeting suggested the U.S. central bank was cautious about raising interest rates. The metal is highly sensitive to higher rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it

MCX COMMODITY MARKET MORNING UPDATES – 25 MAY 2017

GOLD – Gold held steady on Thursday to keep most of its gains from the previous session, with the dollar slipping after minutes of the U.S. Federal Reserve’s last policy meeting downplayed the chance of more aggressive interest rate hikes. The minutes showed policymakers agreed they should hold off on raising interest rates until it was

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