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Category Archives: Daily Commodity Market Strategy

CAPITALSTARS – MCX COMMODITY MORNING MARKET NEWS UPDATES – 04 DEC 2017

BULLION:- Gold edged higher on Friday as the dollar eased as republicans’ tax reform drive hit by deficit projections. The dollar index , which gauges the greenback against a basket of six major rivals, was down 0.22 per cent as the market endured the delay on a US tax reform bill. Senate Republicans’ effort to

CAPITALSTARS – MCX COMMODITY MORNING MARKET NEWS UPDATES – 01 DEC 2017

GOLD :- Gold hit a one-week low on Thursday as a stronger dollar, upbeat sentiment on equities and positive U.S. growth data dented the appeal of the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. The dollar was firm after Wednesday’s uplift on third-quarter U.S. economic growth

MCX COMMODITY EVENING MARKET NEWS UPDATES – 29 NOV 2017

Oil falls on uncertainty over OPEC deal, rise in U.S. inventories – Oil prices slipped on Wednesday as doubts set in about Russia’s willingness to substantially extend a deal to curb output between some of the world’s biggest exporters aimed at tackling global oversupply and bolstering prices. Oil prices have rallied by 40 percent since

MCX COMMODITY EVENING MARKET NEWS UPDATES – 28 NOV 2017

Oil Prices Continue Lower Ahead of U.S. Supply Data, OPEC Meeting – Crude prices were on the backfoot on Tuesday, extending losses from the prior session as expectations of higher supply in the U.S. combined with uncertainty over a possible extension of output cuts by major crude producers dampened sentiment. Oil prices settled lower for the

MCX COMMODITY EVENING MARKET NEWS UPDATES – 27 NOV 2017

Oil Prices Start the Week on The Backfoot As OPEC Meeting Looms – Crude prices were a bit lower on Monday, as energy markets looked ahead to this week’s Organization of Petroleum Exporting Countries’ (OPEC) highly-anticipated meeting to see whether major producers plan to extend their current production-cut agreement. It rose to $59.05 on Friday, its best

Gold dips on profit taking analysts predict a rebound

Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week. Spot gold  was down 0.1 percent at $1,289.81 per ounce by 1455 GMT, with the price down 0.3 percent for the week. U.S. gold futures for December

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