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Category Archives: Daily Commodity Market Strategy

CAPITALSTARS – MCX NEWS UPDATE 13 AUGUST 2019

BULLION – Bullion counter may remain on firm path as gold prices gained on Tuesday, hovering near a more than six-year high hit the previous day, as concerns around protests in Hong Kong, a slump in Argentina’s markets and the ongoing Sino-U.S. trade war dented risk appetite. Protesters managed to shut down Hong Kong’s airport,

CAPITALSTARS – MCX NEWS UPDATE 09 AUGUST 2019

BULLION – Bullion counter may remain on firm path as gold prices rose on Friday, holding above the key $1,500 per ounce pivot, as fresh concerns about the U.S.-China trade dispute and worries over global economic slowdown lifted demand for the safe-haven metal. Trade tensions between the United States and China further escalated after a

CAPITALSTARS – MCX NEWS UPDATE 08 AUGUST 2019

BULLION – Bullion counter may remain on firm path as gold prices edged up on Wednesday as the ongoing trade tensions between the United States and China continued to boost the appeal of safe-haven assets. Gold prices rose again on Thursday after topping the $1,500 mark in the previous session, as central banks around the

CAPITALSTARS – MCX NEWS UPDATE 07 AUGUST 2019

BULLION – Bullion counter may remain on firm path as gold prices edged up on Wednesday as the ongoing trade tensions between the United States and China continued to boost the appeal of safe-haven assets. Goldman Sachs said it no longer expects a trade deal to be struck before the 2020 U.S. presidential election, while

CAPITALSTARS – MCX NEWS UPDATE 06 AUGUST 2019

BULLION – Bullion counter may witness some profit booking at higher levels. Gold prices continued to rise recently as the protracted trade war between the United States and China intensified after Washington designated Beijing a currency manipulator, prompting a flight towards safe-haven assets. The U.S. Treasury Department said on Monday it had determined for the

CAPITALSTARS – MCX NEWS UPDATE 05 AUGUST 2019

BULLION – Gold (Oct) can test 35020 while taking resistance near 35510 and silver (Sep) can dip lower towards 40500 and resistance near 41300. The price of gold shot up from about 34040 to around 35630 as investor flocked into gold as yields plummeted following the increase in tariffs between the US and China. Trump

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