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Category Archives: Daily Commodity Market Strategy

MCX COMMODITY EVENING NEWS UPDATES – 27 JUNE 2017

GOLD : – Gold prices fell to hit their lowest in near six weeks on Monday, amid a stronger dollar and rise in Asian shares, ahead of a flurry of U.S. data due this week. Investors are settling into a cautious mode while they await the U.S. data, including June consumer confidence, pending home sales,

Gold inches down on firmer dollar ahead of Yellen speech

Gold edged down on Tuesday on a firmer dollar ahead of a speech by Federal Reserve Chair Janet Yellen, which may give clues on the pace of possible interest rate hikes by the U.S. central bank. FUNDAMENTALS * Spot gold had fallen 0.2 percent to $1,241.11 per ounce by 0046 GMT. It hit a near

Gold slips, market cautious ahead of U.S. data this week

Gold prices edged lower on Monday as investors remained cautious ahead of a flurry of U.S. data due this week, with firmer Asian stocks also weighing on the market. Investors will watch U.S. data including June consumer confidence, pending home sales, crude oil inventories and revised first quarter GDP for any signs of softness that

MCX COMMODITY EVENING NEWS UPDATES – 22 JUNE 2017

GOLD – Gold prices edged higher in European morning trade on Thursday, moving away from their lowest level in around five weeks as recent selling pressure tied to bets on another U.S. interest rate hike this year lost steam. Investors continued to evaluate the possibility of another rate hike from the Federal Reserve later this

MCX COMMODITY MARKET MORNING UPDATES – 22 JUNE 2017

GOLD – Gold prices rose in Asia on Thursday with a weaker dollar and revised views on the Fed hiking rates for a third time this year offered support. Overnight, gold prices traded above breakeven on Wednesday, as the dollar faded despite data showing that U.S. existing home sales unexpectedly rose in May while growing

MCX COMMODITY EVENING NEWS UPDATES – 21 JUNE 2017

GOLD – Gold inched lower on Tuesday while touching a five-week low earlier in the session as a key U.S. Federal Reserve official reaffirmed its hawkish stance on interest rate hikes. However, Risk aversion due to Brexit, concerns over U.S. President Donald Trump’s ability to carry out financial reforms, election results in Europe and Middle

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