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Category Archives: Daily Commodity Market Strategy

MCX COMMODITY MARKET MORNING UPDATES – 20 JUNE 2017

GOLD – Gold prices fell to the lowest level in around four weeks, after Federal Reserve Bank of New York President William Dudley gave an upbeat assessment of the economy and warned against the central bank taking a pause in the tightening cycle. Gold prices lost $13.20, or roughly 1.2%, last week, the second weekly

MCX COMMODITY EVENING NEWS UPDATES – 19 JUNE 2017

CRUDE OIL – Oil prices edged lower on Monday, weighed down by an expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to tighten the market by cutting production. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts

MCX COMMODITY MARKET MORNING UPDATES – 19 JUNE 2017

GOLD – Gold inched higher on Friday as investors judged that a sell-off sparked by a rise in U.S. interest rates this week had run its course and the dollar weakened, making bullion cheaper for holders of other currencies. Gold registered a second weekly loss and has fallen more than 3 percent from a high

Funds pull back from Permian as U.S. shale oil firms go into overdrive

Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest U.S. oilfield. But one group of investors is heading the other way – concerned that shale may become a victim of its own success. The speed of the recovery in the U.S. shale industry in

MCX COMMODITY EVENING NEWS UPDATES – 16 JUNE 2017

CRUID OIL – U.S. oil moved higher on Friday, but gains were expected to remain limited as ongoing concerns over the level of global supplies continued to weigh on the commodity. Oil prices have been under pressure in recent weeks as concern over rising U.S. shale output offset production cuts by OPEC and non-OPEC members.

MCX COMMODITY MARKET MORNING UPDATES – 16 JUNE 2017

GOLD – Gold prices sank to the lowest level in around three weeks, adding to overnight losses following the release of upbeat U.S. economic data and as investors continued to digest the Federal Reserve’s hawkish message. The U.S. Department of Labor said initial jobless claims in the week ending June 10 decreased by 8,000 to

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