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Category Archives: Daily Commodity Market Strategy

MCX COMMODITY EVENING NEWS UPDATES – 16 AUG 2017

Gold continues lower after worst one-day decline in six weeks – Gold prices continued lower on Wednesday, extending losses into a third session, as investors looked ahead to minutes of the Federal Reserve’s latest policy meeting for further hints on the timing of the next U.S. rate hike and clues on how the central bank

MCX COMMODITY MARKET MORNING UPDATES – 16 AUG 2017

Gold falters after Kim Jong Un reportedly delays Guam strike – Gold prices fell on Tuesday, as U.S-North Korea tensions eased, after North Korean leader Kim Jong Un was reported to have delayed a decision on firing missiles towards the U.S. pacific territory of Guam. Gold prices struggled to shake off losses, as demand for

MCX COMMODITY EVENING NEWS UPDATES – 14 AUG 2017

Oil prices dip on weak Chinese refining activity – Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. This would be the lowest amount on a daily basis since September 2016, according to

MCX COMMODITY MARKET MORNING UPDATES – 14 AUG 2017

Gold gains in Asia in buy data day, Korea impasse continues – Gold prices gained slightly in Asia on Monday in a buy regional data day, but North Korea off the boil for now. Japan’s second quarter surged an unexpected 4..0% on year as investment in plant and equipment lifted sentiment for the sixth straight

MCX COMMODITY MARKET MORNING UPDATES – 11 AUG 2017

Gold gains in Asia with NKorea tension supporting, India data ahead – Gold found support in Asia on Friday as tensions between North Korea and Washington show no signs of abating and investors looked ahead to data out of top gold buyer India on FX reserves for July and industrial production for June. Overnight, gold

MCX COMMODITY EVENING NEWS UPDATES – 10 AUG 2017

Gold continues higher as North Korea tensions linger – Gold prices continued higher on Thursday, adding to their biggest one-day gain in three months amid simmering geopolitical tensions between the U.S. and North Korea. The yellow metal scored its sharpest daily rise since mid-May on Wednesday as investors piled into safe haven assets amid intensifying tensions between

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